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The differences between finance management specialists and finance specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a finance management specialist has an average salary of $70,219, which is higher than the $61,666 average annual salary of a finance 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 specialist are customer service, phone calls, and cash handling.
| Finance Management Specialist | Finance Specialist | |
| Yearly salary | $70,219 | $61,666 |
| Hourly rate | $33.76 | $29.65 |
| Growth rate | 17% | 10% |
| Number of jobs | 143,820 | 97,216 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 62% |
| Average age | 46 | 43 |
| Years of experience | 8 | - |
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 financial or finance specialist is the person who sells products and services at financial institutions. Finance specialists are financial professionals who use knowledge of accounting, tax laws, and finance for financial assistance. They may assist clients with corporate or personal finances. The primary skills they must have include interpersonal skills, formal accounting, excellent communication skills, management experience, and financial reporting. They should be equipped with vital customer service and analytical skills.
Finance management specialists and finance specialists have different pay scales, as shown below.
| Finance Management Specialist | Finance Specialist | |
| Average salary | $70,219 | $61,666 |
| Salary range | Between $48,000 And $101,000 | Between $37,000 And $100,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | New York | Connecticut |
| Best paying company | PayPal | |
| Best paying industry | Government | Finance |
There are a few differences between a finance management specialist and a finance specialist in terms of educational background:
| Finance Management Specialist | Finance Specialist | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 62% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance management specialists' and finance specialists' demographics:
| Finance Management Specialist | Finance Specialist | |
| Average age | 46 | 43 |
| Gender ratio | Male, 52.1% Female, 47.9% | Male, 42.1% Female, 57.9% |
| 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, 8.6% Unknown, 3.9% Hispanic or Latino, 9.6% Asian, 10.0% White, 67.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 4% |