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The differences between finance planners and corporate finance 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 planner and a corporate finance analyst. Additionally, a corporate finance analyst has an average salary of $76,023, which is higher than the $71,607 average annual salary of a finance planner.
The top three skills for a finance planner include financial aid, financial services and client facing. The most important skills for a corporate finance analyst are financial analysis, strong analytical, and financial models.
| Finance Planner | Corporate Finance Analyst | |
| Yearly salary | $71,607 | $76,023 |
| Hourly rate | $34.43 | $36.55 |
| Growth rate | 15% | 9% |
| Number of jobs | 91,557 | 114,375 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 76% |
| Average age | 45 | 40 |
| Years of experience | 4 | 4 |
A financial planner is responsible for handling client accounts and providing financial advice to determine the best investment options according to the clients' interests and risk appetite. Financial planners record the clients' living expenses as a part of their portfolio, identifying their long-term goals and objectives, and giving tax advice. They also educate clients with investment options and opportunities to improve the clients' account performance and sell financial products. A financial planner must have excellent analytical and communication skills to conduct data and statistical analysis, especially in researching financial instruments in the market.
Corporate finance analysts make significant business decisions based on the data they gather. Typically, corporate finance analysts work within an organization and support management decisions through actionable financial information. They monitor the taxes, expenses, financial statements, and other financial details of where the company sources its income. This position requires a formal qualification in accounting. It also necessitates the analyst to develop interpersonal skills, knowledge in information technology software, financial reporting skills, and experience in management.
Finance planners and corporate finance analysts have different pay scales, as shown below.
| Finance Planner | Corporate Finance Analyst | |
| Average salary | $71,607 | $76,023 |
| Salary range | Between $42,000 And $120,000 | Between $52,000 And $109,000 |
| Highest paying City | Springfield, MA | San Francisco, CA |
| Highest paying state | Massachusetts | Michigan |
| Best paying company | Northern Trust | |
| Best paying industry | Insurance | Finance |
There are a few differences between a finance planner and a corporate finance analyst in terms of educational background:
| Finance Planner | Corporate Finance Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance planners' and corporate finance analysts' demographics:
| Finance Planner | Corporate Finance Analyst | |
| Average age | 45 | 40 |
| Gender ratio | Male, 62.0% Female, 38.0% | Male, 63.5% Female, 36.5% |
| Race ratio | Black or African American, 5.7% Unknown, 4.4% Hispanic or Latino, 9.6% Asian, 8.4% White, 71.8% American Indian and Alaska Native, 0.1% | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 5% | 7% |