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The differences between finance management specialists and finance management analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a finance management specialist, becoming a finance management analyst takes usually requires 2-4 years. Additionally, a finance management analyst has an average salary of $71,934, which is higher than the $70,219 average annual salary of a finance management specialist.
The top three skills for a finance management specialist include financial resources, financial reports and financial data. The most important skills for a finance management analyst are financial management, financial issues, and management reports.
| Finance Management Specialist | Finance Management Analyst | |
| Yearly salary | $70,219 | $71,934 |
| Hourly rate | $33.76 | $34.58 |
| Growth rate | 17% | 11% |
| Number of jobs | 143,820 | 184,284 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 72% |
| Average age | 46 | 44 |
| Years of experience | 8 | 4 |
A finance management specialist is in charge of overseeing and managing a company's financial activities, ensuring accuracy and smooth workflow. They typically coordinate with different departments to gather accurate data, manage budgets and schedules, prepare cost and budget reports, and assess existing procedures to identify areas needing improvement. They must also maintain extensive records, produce sales forecasts, and participate in creating financial goals and objectives. Furthermore, as a finance management specialist, it is essential to develop strategies to optimize financial operations, all while implementing the company's policies and regulations.
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.
Finance management specialists and finance management analysts have different pay scales, as shown below.
| Finance Management Specialist | Finance Management Analyst | |
| Average salary | $70,219 | $71,934 |
| Salary range | Between $48,000 And $101,000 | Between $49,000 And $104,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | New York | New York |
| Best paying company | PayPal | Apple |
| Best paying industry | Government | Government |
There are a few differences between a finance management specialist and a finance management analyst in terms of educational background:
| Finance Management Specialist | Finance Management Analyst | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between finance management specialists' and finance management analysts' demographics:
| Finance Management Specialist | Finance Management Analyst | |
| Average age | 46 | 44 |
| Gender ratio | Male, 52.1% Female, 47.9% | Male, 54.2% Female, 45.8% |
| Race ratio | Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.1% White, 63.6% American Indian and Alaska Native, 0.3% | 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% |
| LGBT Percentage | 11% | 12% |