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The differences between finance systems analysts and control 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 control analyst takes usually requires 2-4 years. Additionally, a finance systems analyst has an average salary of $85,795, which is higher than the $69,598 average annual salary of a control analyst.
The top three skills for a finance systems analyst include financial systems, hyperion and customer service. The most important skills for a control analyst are internal controls, risk assessments, and SOX.
| Finance Systems Analyst | Control Analyst | |
| Yearly salary | $85,795 | $69,598 |
| Hourly rate | $41.25 | $33.46 |
| Growth rate | 9% | 11% |
| Number of jobs | 188,040 | 133,321 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 69% |
| 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.
A control analyst is an individual who is responsible for identifying weaknesses in the work process of an organization and implement methods to minimize risks. Control analysts are required to supervise the process for incident reports and provide technical guidance to their personnel. They must prepare monthly general ledger account analysis and balance sheets reconciliations that are according to the generally accepted accounting principles (GAAP). Control analysts should also assist with the organization's ISO audit procedures and findings.
Finance systems analysts and control analysts have different pay scales, as shown below.
| Finance Systems Analyst | Control Analyst | |
| Average salary | $85,795 | $69,598 |
| Salary range | Between $63,000 And $116,000 | Between $50,000 And $95,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | Oregon | Washington |
| Best paying company | Apple | Meta |
| Best paying industry | Technology | Energy |
There are a few differences between a finance systems analyst and a control analyst in terms of educational background:
| Finance Systems Analyst | Control Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 69% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between finance systems analysts' and control analysts' demographics:
| Finance Systems Analyst | Control Analyst | |
| Average age | 43 | 44 |
| Gender ratio | Male, 55.7% Female, 44.3% | Male, 51.9% Female, 48.1% |
| 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, 8.3% Unknown, 4.5% Hispanic or Latino, 9.0% Asian, 11.7% White, 66.3% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 8% | 12% |