Post job

Finance management analyst vs data analyst

The differences between finance management analysts and data 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 management analyst and a data analyst. Additionally, a data analyst has an average salary of $74,342, which is higher than the $71,934 average annual salary of a finance management analyst.

The top three skills for a finance management analyst include financial management, financial issues and management reports. The most important skills for a data analyst are data analysis, python, and power bi.

Finance management analyst vs data analyst overview

Finance Management AnalystData Analyst
Yearly salary$71,934$74,342
Hourly rate$34.58$35.74
Growth rate11%11%
Number of jobs184,284167,520
Job satisfaction--
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 65%
Average age4444
Years of experience44

What does a finance management analyst do?

A finance management analyst specializes in performing extensive research and analysis to devise strategies that can help a company achieve its long-term financial goals. Their responsibilities typically revolve around having an in-depth understanding of the company and its services, gathering and reviewing its financial history and other portfolios, and determining investment opportunities to earn a significant profit. Furthermore, a finance management analyst must report their findings and present action plans, providing a comprehensive explanation to officials, all while adhering to the company's policies and regulations.

What does a data analyst do?

Data analysts are responsible for interpreting the company's statistics and providing sound recommendations to the organization. They manage the organization's data sets, usually related to market performance, finance, or human resources. They are in charge of studying the available data, spotting trends, interpreting what the data and the trends mean, and recommending suggestions that will help the organization perform better. Their recommendations should also be relevant and backed up with strong analyses. Data analysts are expected to have a good grasp of the current market trends in the industry.

Finance management analyst vs data analyst salary

Finance management analysts and data analysts have different pay scales, as shown below.

Finance Management AnalystData Analyst
Average salary$71,934$74,342
Salary rangeBetween $49,000 And $104,000Between $53,000 And $103,000
Highest paying CityWashington, DCRichmond, CA
Highest paying stateNew YorkNew Jersey
Best paying companyAppleThe Citadel
Best paying industryGovernmentFinance

Differences between finance management analyst and data analyst education

There are a few differences between a finance management analyst and a data analyst in terms of educational background:

Finance Management AnalystData Analyst
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 65%
Most common majorBusinessBusiness
Most common collegeNorthwestern UniversityNorthwestern University

Finance management analyst vs data analyst demographics

Here are the differences between finance management analysts' and data analysts' demographics:

Finance Management AnalystData Analyst
Average age4444
Gender ratioMale, 54.2% Female, 45.8%Male, 50.2% Female, 49.8%
Race ratioBlack or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.3% White, 64.8% American Indian and Alaska Native, 0.2%Black or African American, 7.5% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.5% White, 64.9% American Indian and Alaska Native, 0.2%
LGBT Percentage12%12%

Differences between finance management analyst and data analyst duties and responsibilities

Finance management analyst example responsibilities.

  • Investigate and manage accounting reconciliations or discrepancies, including auditing and verifying daily transactions with cash balances for correlations and accuracy.
  • Review DTS authorizations for every traveler belonging to AEC.
  • Communicate daily with the accounting department to derive amounts and invoice numbers for DOD and non DOD customers.
  • Serve as the primary GFEBS user for the LRC and act as the coordinator for training and access to GFEBS.
  • Calculate salaries in preparation to cost transfer in GFEBS to the correct cost centers/ WBS elements (cost collectors).
  • Maintain accounting practices for the ambulatory surgery center in QuickBooks.
  • Show more

Data analyst example responsibilities.

  • Manage patient s data in UNIX system.
  • Manage loan performance in Hyperion Financials using SQL and PL/SQL tools.
  • Manage and contribute to EDI processes ensuring HIPAA compliance and access to clearing house review on individual case status.
  • Develop Java application to automate reformatting of text files for an internal application.
  • Execute deterministic modeling and Monte Carlo simulations in MATLAB to achieve greater mathematical confidence in results obtain from analysis.
  • Manage weapon system project websites via SharePoint, including troubleshooting technical issues and developing guidelines for public/private information and user permissions.
  • Show more

Finance management analyst vs data analyst skills

Common finance management analyst skills
  • Financial Management, 13%
  • Financial Issues, 10%
  • Management Reports, 9%
  • Financial Policies, 9%
  • DOD, 9%
  • Budget Estimates, 8%
Common data analyst skills
  • Data Analysis, 10%
  • Python, 7%
  • Power Bi, 6%
  • Data Management, 6%
  • Visualization, 5%
  • Data Quality, 4%

Browse business and financial jobs