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The differences between finance officers and finance clerks 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 officer, becoming a finance clerk takes usually requires 4-6 years. Additionally, a finance officer has an average salary of $68,822, which is higher than the $39,225 average annual salary of a finance clerk.
The top three skills for a finance officer include real estate, financial data and origination. The most important skills for a finance clerk are data entry, purchase orders, and HR.
| Finance Officer | Finance Clerk | |
| Yearly salary | $68,822 | $39,225 |
| Hourly rate | $33.09 | $18.86 |
| Growth rate | 17% | -5% |
| Number of jobs | 140,730 | 143,372 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 44% |
| Average age | 46 | 51 |
| Years of experience | 8 | 6 |
A finance officer is responsible for monitoring the financial department and the transactions of an organization. Finance officers analyze financial reports, update account statements, and oversee the budget allocation for business operations. They also resolve billing discrepancies and banking issues, assist in cash statement release, and manage payroll disputes. A finance officer conducts data and statistical analysis to evaluate the company's financial performance and stability and identifying opportunities to increase revenues and grow more profits.
Finance clerks are financial professionals who are responsible for performing various administrative tasks such as keeping financial records, preparing bills, and delivering excellent customer service. These clerks are required to process bills, checks, receipts, and other documents to ensure that they are all properly signed and distributed. They must verify financial and other data so that they can enter those data into the database and maintain updated records. Finance clerks must also assist with account reconciliations and should report the status of accounts and discrepancies to the management.
Finance officers and finance clerks have different pay scales, as shown below.
| Finance Officer | Finance Clerk | |
| Average salary | $68,822 | $39,225 |
| Salary range | Between $42,000 And $110,000 | Between $27,000 And $56,000 |
| Highest paying City | Boston, MA | New York, NY |
| Highest paying state | Delaware | New York |
| Best paying company | Citi | United States Courts |
| Best paying industry | - | Government |
There are a few differences between a finance officer and a finance clerk in terms of educational background:
| Finance Officer | Finance Clerk | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 44% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance officers' and finance clerks' demographics:
| Finance Officer | Finance Clerk | |
| Average age | 46 | 51 |
| Gender ratio | Male, 52.7% Female, 47.3% | Male, 26.2% Female, 73.8% |
| Race ratio | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.1% White, 63.4% American Indian and Alaska Native, 0.3% | Black or African American, 6.9% Unknown, 4.0% Hispanic or Latino, 14.7% Asian, 6.6% White, 67.2% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 11% | 7% |