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The differences between finance planning analysts and 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 finance analyst. Additionally, a finance planning analyst has an average salary of $77,027, which is higher than the $69,887 average annual salary of a 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 finance analyst are financial analysis, financial models, and financial data.
| Finance Planning Analyst | Finance Analyst | |
| Yearly salary | $77,027 | $69,887 |
| Hourly rate | $37.03 | $33.60 |
| Growth rate | 9% | 9% |
| Number of jobs | 103,172 | 138,600 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 76% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
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.
A finance analyst is responsible for evaluating a company's financial data and historical reports to assess investment opportunities and provide accurate financial statements in support of business strategies and company performance prediction. A financial analyst's duties also include suggesting recommendations to boost operations efficiency and grow revenues, researching the current market performance and economic trends to adjust budget goals as needed, and managing client portfolios. Finance analysts must have excellent critical and analytical thinking skills to identify the best actions for the company's profitability.
Finance planning analysts and finance analysts have different pay scales, as shown below.
| Finance Planning Analyst | Finance Analyst | |
| Average salary | $77,027 | $69,887 |
| Salary range | Between $56,000 And $105,000 | Between $46,000 And $104,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New Jersey | Connecticut |
| Best paying company | The Citadel | |
| Best paying industry | Finance | Finance |
There are a few differences between a finance planning analyst and a finance analyst in terms of educational background:
| Finance Planning Analyst | Finance Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 76% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance planning analysts' and finance analysts' demographics:
| Finance Planning Analyst | Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 61.7% Female, 38.3% | Male, 56.2% Female, 43.8% |
| Race ratio | 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% | 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 | 7% | 7% |