Finance management analyst vs process analyst

The differences between finance management analysts and process 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 process analyst. Additionally, a process analyst has an average salary of $73,233, 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 process analyst are process improvement, project management, and customer service.

Finance management analyst vs process analyst overview

	Finance Management Analyst	Process Analyst
Yearly salary	$71,934	$73,233
Hourly rate	$34.58	$35.21
Growth rate	11%	11%
Number of jobs	184,284	123,238
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 66%
Average age	44	44
Years of experience	4	4

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 process analyst do?

A process analyst is also known as an operations research analyst, who evaluates in detail the steps in producing products and making important decisions as well as providing recommendations on how to enhance them. They are IT specialists that analyze the business process and workflows to determine how they can be computerized and improved. Responsibilities include identifying problems and risks as well as engaging in problem resolution. Important skills to consider for applicants include being innovative thinkers and goal-oriented.

Finance management analyst vs process analyst salary

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

	Finance Management Analyst	Process Analyst
Average salary	$71,934	$73,233
Salary range	Between $49,000 And $104,000	Between $49,000 And $108,000
Highest paying City	Washington, DC	Santa Clara, CA
Highest paying state	New York	Connecticut
Best paying company	Apple	Apple
Best paying industry	Government	Finance

Differences between finance management analyst and process analyst education

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

	Finance Management Analyst	Process Analyst
Most common degree	Bachelor's Degree, 72%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	Northwestern University	Northwestern University

Finance management analyst vs process analyst demographics

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

	Finance Management Analyst	Process Analyst
Average age	44	44
Gender ratio	Male, 54.2% Female, 45.8%	Male, 50.8% Female, 49.2%
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, 8.2% Unknown, 4.5% Hispanic or Latino, 9.0% Asian, 12.2% White, 66.0% American Indian and Alaska Native, 0.2%
LGBT Percentage	12%	12%

Differences between finance management analyst and process 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.

Process analyst example responsibilities.

Lead the development and implementation of application and infrastructure solutions that are stable, operationally healthy, and supportable in production.
Develop and manage department SharePoint site to use as a collaborative document management tool.
Collaborate with project manager in tracking and managing project development process following RUP base SDLC methodologies.
Used Visio for process mapping to review operational procedures when determining areas of improvement.
Look at Java code to help debug it.
Test CRM platform through complex use of matrices to be able to segment a database for a more applicable personal contact.

Finance management analyst vs process 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 process analyst skills

Process Improvement, 9%
Project Management, 7%
Customer Service, 6%
Continuous Improvement, 5%
Sigma, 4%
Business Processes, 4%

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Finance Management Analyst
Finance Management Analyst vs Process Analyst

Updated January 8, 2025

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