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The differences between finance planners and finance management 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 finance management analyst. Additionally, a finance management analyst has an average salary of $71,934, 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 finance management analyst are financial management, financial issues, and management reports.
| Finance Planner | Finance Management Analyst | |
| Yearly salary | $71,607 | $71,934 |
| Hourly rate | $34.43 | $34.58 |
| Growth rate | 15% | 11% |
| Number of jobs | 91,557 | 184,284 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 72% |
| Average age | 45 | 44 |
| 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.
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 planners and finance management analysts have different pay scales, as shown below.
| Finance Planner | Finance Management Analyst | |
| Average salary | $71,607 | $71,934 |
| Salary range | Between $42,000 And $120,000 | Between $49,000 And $104,000 |
| Highest paying City | Springfield, MA | Washington, DC |
| Highest paying state | Massachusetts | New York |
| Best paying company | Northern Trust | Apple |
| Best paying industry | Insurance | Government |
There are a few differences between a finance planner and a finance management analyst in terms of educational background:
| Finance Planner | Finance Management Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between finance planners' and finance management analysts' demographics:
| Finance Planner | Finance Management Analyst | |
| Average age | 45 | 44 |
| Gender ratio | Male, 62.0% Female, 38.0% | Male, 54.2% Female, 45.8% |
| 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, 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 | 5% | 12% |