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The differences between finance reporting accountants 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 reporting accountant and a corporate finance analyst. Additionally, a corporate finance analyst has an average salary of $76,023, which is higher than the $67,545 average annual salary of a finance reporting accountant.
The top three skills for a finance reporting accountant include GAAP, reconciliations and external auditors. The most important skills for a corporate finance analyst are financial analysis, strong analytical, and financial models.
| Finance Reporting Accountant | Corporate Finance Analyst | |
| Yearly salary | $67,545 | $76,023 |
| Hourly rate | $32.47 | $36.55 |
| Growth rate | 6% | 9% |
| Number of jobs | 112,234 | 114,375 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 76% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
A finance reporting accountant is responsible for monitoring the efficiency and accuracy of the company's financial reporting procedures. Finance reporting accountants analyze the financial statements of the company, including its expenses, balance sheets, revenues, cash flow, and other related financial information and discuss it to the management. They also provide strategic recommendations to minimize loss through cost-reduction operational processes and identifying business opportunities to increase profits. A finance reporting accountant should have excellent knowledge of the accounting principles and disciplines, evaluating financial forecasts and resolving account discrepancies.
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 reporting accountants and corporate finance analysts have different pay scales, as shown below.
| Finance Reporting Accountant | Corporate Finance Analyst | |
| Average salary | $67,545 | $76,023 |
| Salary range | Between $50,000 And $90,000 | Between $52,000 And $109,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | Massachusetts | Michigan |
| Best paying company | Western Alliance Bank | |
| Best paying industry | Retail | Finance |
There are a few differences between a finance reporting accountant and a corporate finance analyst in terms of educational background:
| Finance Reporting Accountant | Corporate Finance Analyst | |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 76% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance reporting accountants' and corporate finance analysts' demographics:
| Finance Reporting Accountant | Corporate Finance Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 45.3% Female, 54.7% | Male, 63.5% Female, 36.5% |
| Race ratio | Black or African American, 8.4% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 15.6% White, 60.8% American Indian and Alaska Native, 0.5% | 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% |