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The differences between finance associates and associates can be seen in a few details. Each job has different responsibilities and duties. Additionally, a finance associate has an average salary of $81,339, which is higher than the $69,556 average annual salary of an associate.
The top three skills for a finance associate include financial statements, powerpoint and financial services. The most important skills for an associate are customer service, sales floor, and patients.
| Finance Associate | Associate | |
| Yearly salary | $81,339 | $69,556 |
| Hourly rate | $39.11 | $33.44 |
| Growth rate | 10% | - |
| Number of jobs | 83,256 | 569,041 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 46% |
| Average age | 43 | 41 |
| Years of experience | 4 | - |
Finance associates perform various financial tasks for a company. These include managing accounting records, preparing payroll documents as well as financial and budget reports, and handling payments. Additionally, finance associates help with tax preparation, audits and reviews, and help with developing and implementing procedures, best practices, and policies for financial and accounting operations. The skills and qualifications for this role may include a bachelor's degree in finance or accounting, excellent communication skills, and attention to detail.
Associates are typically entry-level positions for employees who are taking on their first job or organizational role. They are assigned to teams or departments that are related to their skills or educational background. They usually start with smaller tasks that may not seem as impactful but are still essential to the department. Associates are trained by more tenured team members on the ins and outs of the department and the organization. As they grow with the organization, they are given more responsibilities that directly impact the results of the department's initiatives as they work towards their goals.
Finance associates and associates have different pay scales, as shown below.
| Finance Associate | Associate | |
| Average salary | $81,339 | $69,556 |
| Salary range | Between $50,000 And $130,000 | Between $34,000 And $140,000 |
| Highest paying City | New York, NY | Washington, DC |
| Highest paying state | New York | New York |
| Best paying company | Pillsbury Winthrop Shaw Pittman | Simpson Thacher & Bartlett |
| Best paying industry | Professional | - |
There are a few differences between a finance associate and an associate in terms of educational background:
| Finance Associate | Associate | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 46% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | - |
Here are the differences between finance associates' and associates' demographics:
| Finance Associate | Associate | |
| Average age | 43 | 41 |
| Gender ratio | Male, 47.3% Female, 52.7% | Male, 50.4% Female, 49.6% |
| Race ratio | Black or African American, 5.5% Unknown, 4.1% Hispanic or Latino, 11.4% Asian, 12.3% White, 66.5% American Indian and Alaska Native, 0.2% | Black or African American, 10.5% Unknown, 5.3% Hispanic or Latino, 18.3% Asian, 8.3% White, 57.0% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 6% | 7% |