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The differences between finance specialists and finance clerks can be seen in a few details. Each job has different responsibilities and duties. Additionally, a finance specialist has an average salary of $61,666, which is higher than the $39,225 average annual salary of a finance clerk.
The top three skills for a finance specialist include customer service, phone calls and cash handling. The most important skills for a finance clerk are data entry, purchase orders, and HR.
| Finance Specialist | Finance Clerk | |
| Yearly salary | $61,666 | $39,225 |
| Hourly rate | $29.65 | $18.86 |
| Growth rate | 10% | -5% |
| Number of jobs | 97,216 | 143,372 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 44% |
| Average age | 43 | 51 |
| Years of experience | - | 6 |
A financial or finance specialist is the person who sells products and services at financial institutions. Finance specialists are financial professionals who use knowledge of accounting, tax laws, and finance for financial assistance. They may assist clients with corporate or personal finances. The primary skills they must have include interpersonal skills, formal accounting, excellent communication skills, management experience, and financial reporting. They should be equipped with vital customer service and analytical skills.
Finance clerks are financial professionals who are responsible for performing various administrative tasks such as keeping financial records, preparing bills, and delivering excellent customer service. These clerks are required to process bills, checks, receipts, and other documents to ensure that they are all properly signed and distributed. They must verify financial and other data so that they can enter those data into the database and maintain updated records. Finance clerks must also assist with account reconciliations and should report the status of accounts and discrepancies to the management.
Finance specialists and finance clerks have different pay scales, as shown below.
| Finance Specialist | Finance Clerk | |
| Average salary | $61,666 | $39,225 |
| Salary range | Between $37,000 And $100,000 | Between $27,000 And $56,000 |
| Highest paying City | Washington, DC | New York, NY |
| Highest paying state | Connecticut | New York |
| Best paying company | United States Courts | |
| Best paying industry | Finance | Government |
There are a few differences between a finance specialist and a finance clerk in terms of educational background:
| Finance Specialist | Finance Clerk | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 44% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance specialists' and finance clerks' demographics:
| Finance Specialist | Finance Clerk | |
| Average age | 43 | 51 |
| Gender ratio | Male, 42.1% Female, 57.9% | Male, 26.2% Female, 73.8% |
| Race ratio | Black or African American, 8.6% Unknown, 3.9% Hispanic or Latino, 9.6% Asian, 10.0% White, 67.6% American Indian and Alaska Native, 0.3% | Black or African American, 6.9% Unknown, 4.0% Hispanic or Latino, 14.7% Asian, 6.6% White, 67.2% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 4% | 7% |