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The differences between finance systems analysts and business 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 business analyst takes usually requires 2-4 years. Additionally, a finance systems analyst has an average salary of $85,795, which is higher than the $74,431 average annual salary of a business analyst.
The top three skills for a finance systems analyst include financial systems, hyperion and customer service. The most important skills for a business analyst are project management, data analysis, and business analysis.
| Finance Systems Analyst | Business Analyst | |
| Yearly salary | $85,795 | $74,431 |
| Hourly rate | $41.25 | $35.78 |
| Growth rate | 9% | 9% |
| Number of jobs | 188,040 | 170,514 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 71% |
| Average age | 43 | 44 |
| 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.
Business analysts are employees who are responsible for interpreting business data and coming up with business solutions. They are well-versed in whatever business the company is in, and they have strong business acumen. They collect data related to the business and then interpret and analyze the data. Business analysts should be able to conduct different levels of analyses and must also be able to create a sound study. Once the analysis is done, they provide recommendations or strategic direction to decision-makers that will help the business become sustainable and grow.
Finance systems analysts and business analysts have different pay scales, as shown below.
| Finance Systems Analyst | Business Analyst | |
| Average salary | $85,795 | $74,431 |
| Salary range | Between $63,000 And $116,000 | Between $53,000 And $103,000 |
| Highest paying City | San Francisco, CA | Mountain View, CA |
| Highest paying state | Oregon | Washington |
| Best paying company | Apple | The Citadel |
| Best paying industry | Technology | Finance |
There are a few differences between a finance systems analyst and a business analyst in terms of educational background:
| Finance Systems Analyst | Business Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 71% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between finance systems analysts' and business analysts' demographics:
| Finance Systems Analyst | Business Analyst | |
| Average age | 43 | 44 |
| Gender ratio | Male, 55.7% Female, 44.3% | Male, 53.9% Female, 46.1% |
| 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, 6.2% Unknown, 4.7% Hispanic or Latino, 8.8% Asian, 12.0% White, 67.7% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 11% |