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The differences between finance consultants and tax analysts 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 consultant, becoming a tax analyst takes usually requires 1-2 years. Additionally, a finance consultant has an average salary of $77,551, which is higher than the $61,745 average annual salary of a tax analyst.
The top three skills for a finance consultant include customer service, financial services and financial statements. The most important skills for a tax analyst are tax audits, reconciliations, and tax compliance.
| Finance Consultant | Tax Analyst | |
| Yearly salary | $77,551 | $61,745 |
| Hourly rate | $37.28 | $29.69 |
| Growth rate | 15% | -7% |
| Number of jobs | 94,259 | 56,223 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 70% |
| Average age | 45 | 48 |
| Years of experience | 4 | 2 |
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.
A tax analyst specializes in managing and filing tax forms and tax returns, all while devising strategies to reduce tax payments legally. A tax analyst may work as a member of a company or independently. Moreover, in a company setting, the responsibilities of a tax analyst revolve around coordinating with different departments to obtain all necessary documentation and financial information, maintaining accurate and extensive records of all transactions, and resolving any issues or concerns. Furthermore, it is essential to remain updated with all the tax laws, all while adhering to the policies and regulations of the company.
Finance consultants and tax analysts have different pay scales, as shown below.
| Finance Consultant | Tax Analyst | |
| Average salary | $77,551 | $61,745 |
| Salary range | Between $54,000 And $110,000 | Between $43,000 And $87,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | Maine |
| Best paying company | Apple | Meta |
| Best paying industry | Technology | Technology |
There are a few differences between a finance consultant and a tax analyst in terms of educational background:
| Finance Consultant | Tax Analyst | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 70% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between finance consultants' and tax analysts' demographics:
| Finance Consultant | Tax Analyst | |
| Average age | 45 | 48 |
| Gender ratio | Male, 68.5% Female, 31.5% | Male, 42.9% Female, 57.1% |
| 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, 13.1% Unknown, 3.4% Hispanic or Latino, 15.6% Asian, 11.1% White, 56.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 5% | 8% |