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Finance planning analyst vs business & finance analyst

The differences between finance planning analysts and business & 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 planning analyst and a business & finance analyst. Additionally, a finance planning analyst has an average salary of $77,027, which is higher than the $70,514 average annual salary of a business & finance analyst.

The top three skills for a finance planning analyst include financial analysis, powerpoint and financial planning analysis. The most important skills for a business & finance analyst are financial analysis, business analysis, and shared services.

Finance planning analyst vs business & finance analyst overview

Finance Planning AnalystBusiness & Finance Analyst
Yearly salary$77,027$70,514
Hourly rate$37.03$33.90
Growth rate9%9%
Number of jobs103,172168,111
Job satisfaction--
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 71%
Average age4040
Years of experience44

What does a finance planning analyst do?

Financial planning analysts are professionals in charge of the company's budgeting, forecasting, and analysis. The role of the analysts is crucial to the major decisions of corporations. They employ quantitative techniques and formulas to make things happen the easy way. They offer financial consulting and strategic support to the enterprise's senior management. Also, it is their job to monitor relevant laws, economic trends, and other factors affecting the financial state of the company.

What does a business & finance analyst do?

A financial business analyst is also referred to as a business analyst who recommends and enforces corporate efficiency and profitability methods. Financial business analysts analyze the business model and finances of an organization. Their findings serve as the source of their suggestions to improve businesses' budgeting, management, and overall operations. They have the ability to predict the outcome of the decisions made by enterprises. The skills necessary for this job include interpersonal skills, management experience, financial reporting, and strong communication skills.

Finance planning analyst vs business & finance analyst salary

Finance planning analysts and business & finance analysts have different pay scales, as shown below.

Finance Planning AnalystBusiness & Finance Analyst
Average salary$77,027$70,514
Salary rangeBetween $56,000 And $105,000Between $50,000 And $99,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateNew JerseyWashington
Best paying companyGoogleGoogle
Best paying industryFinanceFinance

Differences between finance planning analyst and business & finance analyst education

There are a few differences between a finance planning analyst and a business & finance analyst in terms of educational background:

Finance Planning AnalystBusiness & Finance Analyst
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 71%
Most common majorFinanceBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Finance planning analyst vs business & finance analyst demographics

Here are the differences between finance planning analysts' and business & finance analysts' demographics:

Finance Planning AnalystBusiness & Finance Analyst
Average age4040
Gender ratioMale, 61.7% Female, 38.3%Male, 55.6% Female, 44.4%
Race ratioBlack 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%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 Percentage7%7%

Differences between finance planning analyst and business & finance analyst duties and responsibilities

Finance planning analyst example responsibilities.

  • Lead an initiative to improve high and low level user communication regarding company forecasting and reporting software, IBM Cognos TM1.
  • Manage complex securities and investment portfolio reporting.
  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Facilitate month-end close process by delegating the preparation of journal entries and reconciliations.
  • Used SQL and QMF query languages to audit data.
  • Work with the accounting department to ensure proper GAAP compliance and reporting methods.
  • Show more

Business & finance analyst example responsibilities.

  • Manage and maintain DCAA approve accrual record keeping system while maintaining GAAP standards.
  • Lead company in Essbase implementation and developing a centralize and standardize reporting process.
  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Conduct data analysis using SQL.
  • Manipulate and run labor reports weekly using Hyperion for account financial measures and assumptions.
  • Analyze huge sets of data using SQL and excel for ensuring data quality and issues.
  • Show more

Finance planning analyst vs business & finance analyst skills

Common finance planning analyst skills
  • Financial Analysis, 9%
  • PowerPoint, 8%
  • Financial Planning Analysis, 7%
  • Financial Performance, 6%
  • Financial Models, 6%
  • Hyperion, 5%
Common business & finance analyst skills
  • Financial Analysis, 13%
  • Business Analysis, 6%
  • Shared Services, 5%
  • Financial Data, 4%
  • Strong Analytical, 4%
  • Process Improvement, 4%

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