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The differences between finance consultants and accounting analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a finance consultant and an accounting analyst. Additionally, a finance consultant has an average salary of $77,551, which is higher than the $58,399 average annual salary of an accounting analyst.
The top three skills for a finance consultant include customer service, financial services and financial statements. The most important skills for an accounting analyst are reconciliations, customer service, and account reconciliations.
| Finance Consultant | Accounting Analyst | |
| Yearly salary | $77,551 | $58,399 |
| Hourly rate | $37.28 | $28.08 |
| Growth rate | 15% | 6% |
| Number of jobs | 94,259 | 81,097 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 74% |
| Average age | 45 | 44 |
| Years of experience | 4 | 4 |
A finance consultant is responsible for providing financial plans and advice for clients, managing their finances and investment decisions, and helping them achieve their long-term financial goals. Finance consultants carefully evaluate clients' financial situations, help them decide on insurance options, and patiently respond to finance-related inquiries and concerns. They should be able to monitor financial market conditions to decide on the right strategies for the clients' best interests. A finance consultant must have excellent analytical skills, as well as broad knowledge of the financial industry and stock market movements.
An accounting analyst is responsible for supporting the accounting operations of an organization, analyzing financial transactions and financial statements, and resolving account discrepancies. Accounting analysts interpret financial data by consolidating account transactions, performing account reconciliation, and managing account receivables. They also assist in preparing and releasing invoices, issuing billing statements, and creating comprehensive financial reports on the company's budget and expenses. An accounting analyst must have excellent knowledge of the accounting principles and disciplines, as well as extensive analytical and communication skills to perform duties and meet deadlines under minimal supervision.
Finance consultants and accounting analysts have different pay scales, as shown below.
| Finance Consultant | Accounting Analyst | |
| Average salary | $77,551 | $58,399 |
| Salary range | Between $54,000 And $110,000 | Between $42,000 And $79,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | New York |
| Best paying company | Apple | |
| Best paying industry | Technology | Finance |
There are a few differences between a finance consultant and an accounting analyst in terms of educational background:
| Finance Consultant | Accounting Analyst | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 74% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance consultants' and accounting analysts' demographics:
| Finance Consultant | Accounting Analyst | |
| Average age | 45 | 44 |
| Gender ratio | Male, 68.5% Female, 31.5% | Male, 41.6% Female, 58.4% |
| Race ratio | Black or African American, 5.7% Unknown, 4.4% Hispanic or Latino, 9.6% Asian, 8.5% White, 71.8% American Indian and Alaska Native, 0.1% | Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 14.3% White, 61.6% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 5% | 7% |