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The differences between finance clerks and finance technicians can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a finance clerk and a finance technician. Additionally, a finance technician has an average salary of $45,251, which is higher than the $39,225 average annual salary of a finance clerk.
The top three skills for a finance clerk include data entry, purchase orders and HR. The most important skills for a finance technician are financial reports, financial management, and review contracts.
| Finance Clerk | Finance Technician | |
| Yearly salary | $39,225 | $45,251 |
| Hourly rate | $18.86 | $21.76 |
| Growth rate | -5% | -5% |
| Number of jobs | 143,372 | 89,668 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 44% | Bachelor's Degree, 48% |
| Average age | 51 | 51 |
| Years of experience | 6 | 6 |
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 technicians are professionals who perform various tasks that are related to financial accounting for an organization. These technicians are required to provide monthly transaction reports and perform forecasts on their future budget requirements to ensure proper financial management for the organization. They must assist in preparing financial statements to analyze and summarize accounting data for the organization's senior management. Finance technicians must also research and resolve any disputes that involve financial transactions while informing the senior management about any financial discrepancies.
Finance clerks and finance technicians have different pay scales, as shown below.
| Finance Clerk | Finance Technician | |
| Average salary | $39,225 | $45,251 |
| Salary range | Between $27,000 And $56,000 | Between $30,000 And $67,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | United States Courts | Ernst & Young |
| Best paying industry | Government | Government |
There are a few differences between a finance clerk and a finance technician in terms of educational background:
| Finance Clerk | Finance Technician | |
| Most common degree | Bachelor's Degree, 44% | Bachelor's Degree, 48% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance clerks' and finance technicians' demographics:
| Finance Clerk | Finance Technician | |
| Average age | 51 | 51 |
| Gender ratio | Male, 26.2% Female, 73.8% | Male, 41.2% Female, 58.8% |
| Race ratio | 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% | Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.8% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 7% | 7% |