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The differences between finance systems analysts and budget analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a finance systems analyst, becoming a budget analyst takes usually requires 2-4 years. Additionally, a finance systems analyst has an average salary of $85,795, which is higher than the $56,598 average annual salary of a budget analyst.
The top three skills for a finance systems analyst include financial systems, hyperion and customer service. The most important skills for a budget analyst are financial management, budget analysis, and financial reports.
| Finance Systems Analyst | Budget Analyst | |
| Yearly salary | $85,795 | $56,598 |
| Hourly rate | $41.25 | $27.21 |
| Growth rate | 9% | 3% |
| Number of jobs | 188,040 | 50,081 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 70% |
| Average age | 43 | 47 |
| Years of experience | 6 | 4 |
A finance systems analyst specializes in overseeing the financial systems in a company or business. Their responsibilities revolve around producing reports and presentations, liaising with the information technology team, maintaining information on databases, and monitoring and updating the financial systems. One must also handle spreadsheets and other files, modify menus, troubleshoot errors, and teach the finance staff how to use all courses for a smooth workflow. Furthermore, it is essential to implement all policies and regulations, ensuring all files' security within the database.
A budget analyst supports organizations and businesses by organizing their financial resources to develop and execute budgets for them. A budget analyst is also responsible for evaluating budget proposals, analyzing data, extra funds redistribution, recommending spending cuts, preparing reports annually, and estimating spending requirements in the future. A budget analyst explores alternative funding methods and uses cost-benefit analyses. In addition, budget analysts also look at past budgets and research any financial developments that could affect income and expenditures.
Finance systems analysts and budget analysts have different pay scales, as shown below.
| Finance Systems Analyst | Budget Analyst | |
| Average salary | $85,795 | $56,598 |
| Salary range | Between $63,000 And $116,000 | Between $42,000 And $76,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | Oregon | Virginia |
| Best paying company | Apple | Shenzhen Capital Group |
| Best paying industry | Technology | Government |
There are a few differences between a finance systems analyst and a budget analyst in terms of educational background:
| Finance Systems Analyst | Budget Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 70% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between finance systems analysts' and budget analysts' demographics:
| Finance Systems Analyst | Budget Analyst | |
| Average age | 43 | 47 |
| Gender ratio | Male, 55.7% Female, 44.3% | Male, 45.7% Female, 54.3% |
| Race ratio | Black or African American, 10.2% Unknown, 5.0% Hispanic or Latino, 11.0% Asian, 14.6% White, 59.1% American Indian and Alaska Native, 0.2% | Black or African American, 12.4% Unknown, 4.7% Hispanic or Latino, 15.3% Asian, 8.9% White, 57.7% American Indian and Alaska Native, 1.0% |
| LGBT Percentage | 8% | 13% |