Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between finance planning analysts and finance planners 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 planner. Additionally, a finance planning analyst has an average salary of $77,027, which is higher than the $71,607 average annual salary of a finance planner.
The top three skills for a finance planning analyst include financial analysis, powerpoint and financial planning analysis. The most important skills for a finance planner are financial aid, financial services, and client facing.
| Finance Planning Analyst | Finance Planner | |
| Yearly salary | $77,027 | $71,607 |
| Hourly rate | $37.03 | $34.43 |
| Growth rate | 9% | 15% |
| Number of jobs | 103,172 | 91,557 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 73% |
| Average age | 40 | 45 |
| 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 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.
Finance planning analysts and finance planners have different pay scales, as shown below.
| Finance Planning Analyst | Finance Planner | |
| Average salary | $77,027 | $71,607 |
| Salary range | Between $56,000 And $105,000 | Between $42,000 And $120,000 |
| Highest paying City | San Francisco, CA | Springfield, MA |
| Highest paying state | New Jersey | Massachusetts |
| Best paying company | Northern Trust | |
| Best paying industry | Finance | Insurance |
There are a few differences between a finance planning analyst and a finance planner in terms of educational background:
| Finance Planning Analyst | Finance Planner | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 73% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance planning analysts' and finance planners' demographics:
| Finance Planning Analyst | Finance Planner | |
| Average age | 40 | 45 |
| Gender ratio | Male, 61.7% Female, 38.3% | Male, 62.0% Female, 38.0% |
| 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, 5.7% Unknown, 4.4% Hispanic or Latino, 9.6% Asian, 8.4% White, 71.8% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 5% |