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The differences between finance technicians and technicians 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 technician, becoming a technician takes usually requires 1-2 years. Additionally, a finance technician has an average salary of $45,251, which is higher than the $38,045 average annual salary of a technician.
The top three skills for a finance technician include financial reports, financial management and review contracts. The most important skills for a technician are patients, customer service, and patient care.
| Finance Technician | Technician | |
| Yearly salary | $45,251 | $38,045 |
| Hourly rate | $21.76 | $18.29 |
| Growth rate | -5% | 1% |
| Number of jobs | 89,668 | 596,842 |
| Job satisfaction | - | 2 |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 32% |
| Average age | 51 | 40 |
| Years of experience | 6 | 2 |
Finance technicians are professionals who perform various tasks that are related to financial accounting for an organization. These technicians are required to provide monthly transaction reports and perform forecasts on their future budget requirements to ensure proper financial management for the organization. They must assist in preparing financial statements to analyze and summarize accounting data for the organization's senior management. Finance technicians must also research and resolve any disputes that involve financial transactions while informing the senior management about any financial discrepancies.
Technicians are skilled professionals who primarily work with technology in different industries. They are knowledgeable about the technical aspects of the various items they work with. They are usually working with electricity or with technological advancements. Technicians may be assigned to do the construction of equipment or materials related to their field of study. They may also be assigned to conduct diagnostics and other maintenance activities to ensure that the equipment works properly. Technicians may also be required to conduct basic repairs in case of problems. It is important that technicians have good analytical skills and decision-making skills.
Finance technicians and technicians have different pay scales, as shown below.
| Finance Technician | Technician | |
| Average salary | $45,251 | $38,045 |
| Salary range | Between $30,000 And $67,000 | Between $24,000 And $58,000 |
| Highest paying City | New York, NY | San Jose, CA |
| Highest paying state | New York | Hawaii |
| Best paying company | Ernst & Young | Microsoft |
| Best paying industry | Government | Telecommunication |
There are a few differences between a finance technician and a technician in terms of educational background:
| Finance Technician | Technician | |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 32% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | - |
Here are the differences between finance technicians' and technicians' demographics:
| Finance Technician | Technician | |
| Average age | 51 | 40 |
| Gender ratio | Male, 41.2% Female, 58.8% | Male, 75.2% Female, 24.8% |
| Race ratio | Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.8% American Indian and Alaska Native, 0.6% | Black or African American, 9.4% Unknown, 4.2% Hispanic or Latino, 19.4% Asian, 4.9% White, 61.2% American Indian and Alaska Native, 0.8% |
| LGBT Percentage | 7% | 2% |