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The differences between finance associates and finance clerks can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a finance associate, becoming a finance clerk takes usually requires 4-6 years. Additionally, a finance associate has an average salary of $81,339, which is higher than the $39,225 average annual salary of a finance clerk.
The top three skills for a finance associate include financial statements, powerpoint and financial services. The most important skills for a finance clerk are data entry, purchase orders, and HR.
| Finance Associate | Finance Clerk | |
| Yearly salary | $81,339 | $39,225 |
| Hourly rate | $39.11 | $18.86 |
| Growth rate | 10% | -5% |
| Number of jobs | 83,256 | 143,372 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 44% |
| Average age | 43 | 51 |
| Years of experience | 4 | 6 |
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.
Finance clerks are financial professionals who are responsible for performing various administrative tasks such as keeping financial records, preparing bills, and delivering excellent customer service. These clerks are required to process bills, checks, receipts, and other documents to ensure that they are all properly signed and distributed. They must verify financial and other data so that they can enter those data into the database and maintain updated records. Finance clerks must also assist with account reconciliations and should report the status of accounts and discrepancies to the management.
Finance associates and finance clerks have different pay scales, as shown below.
| Finance Associate | Finance Clerk | |
| Average salary | $81,339 | $39,225 |
| Salary range | Between $50,000 And $130,000 | Between $27,000 And $56,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Pillsbury Winthrop Shaw Pittman | United States Courts |
| Best paying industry | Professional | Government |
There are a few differences between a finance associate and a finance clerk in terms of educational background:
| Finance Associate | Finance Clerk | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 44% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance associates' and finance clerks' demographics:
| Finance Associate | Finance Clerk | |
| Average age | 43 | 51 |
| Gender ratio | Male, 47.3% Female, 52.7% | Male, 26.2% Female, 73.8% |
| 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, 6.9% Unknown, 4.0% Hispanic or Latino, 14.7% Asian, 6.6% White, 67.2% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 6% | 7% |