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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 | Data Analyst | |
| Yearly salary | $71,934 | $74,342 |
| Hourly rate | $34.58 | $35.74 |
| Growth rate | 11% | 11% |
| Number of jobs | 184,284 | 167,520 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 65% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
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.
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 analysts and data analysts have different pay scales, as shown below.
| Finance Management Analyst | Data Analyst | |
| Average salary | $71,934 | $74,342 |
| Salary range | Between $49,000 And $104,000 | Between $53,000 And $103,000 |
| Highest paying City | Washington, DC | Richmond, CA |
| Highest paying state | New York | New Jersey |
| Best paying company | Apple | The Citadel |
| Best paying industry | Government | Finance |
There are a few differences between a finance management analyst and a data analyst in terms of educational background:
| Finance Management Analyst | Data Analyst | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between finance management analysts' and data analysts' demographics:
| Finance Management Analyst | Data Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 54.2% Female, 45.8% | Male, 50.2% Female, 49.8% |
| Race ratio | Black 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 Percentage | 12% | 12% |