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Fiscal analyst vs analyst

The differences between fiscal analysts and analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a fiscal analyst and an analyst. Additionally, an analyst has an average salary of $73,007, which is higher than the $51,960 average annual salary of a fiscal analyst.

The top three skills for a fiscal analyst include payroll, financial data and management system. The most important skills for an analyst are customer service, troubleshoot, and data analysis.

Fiscal analyst vs analyst overview

Fiscal AnalystAnalyst
Yearly salary$51,960$73,007
Hourly rate$24.98$35.10
Growth rate6%11%
Number of jobs37,053253,138
Job satisfaction--
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 67%
Average age4444
Years of experience44

What does a fiscal analyst do?

A fiscal analyst specializes in providing analytical services to help companies monitor and develop budgets and financial activities. Their responsibilities include gathering and analyzing financial data, conducting market research and analysis, arranging spreadsheets, updating databases, and producing regular budget reports and forecasts. To carry out their duties, they typically use special software and programs, coordinate with various departments, and have knowledge in court collections. Moreover, a fiscal analyst may assist staff, all while implementing the company's policies and regulations.

What does an analyst do?

Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.

Fiscal analyst vs analyst salary

Fiscal analysts and analysts have different pay scales, as shown below.

Fiscal AnalystAnalyst
Average salary$51,960$73,007
Salary rangeBetween $35,000 And $75,000Between $53,000 And $99,000
Highest paying CitySanta Rosa, CAJersey City, NJ
Highest paying stateNew JerseyNew Jersey
Best paying companyJacobs Engineering GroupThe Citadel
Best paying industryHealth CareTechnology

Differences between fiscal analyst and analyst education

There are a few differences between a fiscal analyst and an analyst in terms of educational background:

Fiscal AnalystAnalyst
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 67%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaNorthwestern University

Fiscal analyst vs analyst demographics

Here are the differences between fiscal analysts' and analysts' demographics:

Fiscal AnalystAnalyst
Average age4444
Gender ratioMale, 39.4% Female, 60.6%Male, 52.4% Female, 47.6%
Race ratioBlack or African American, 8.5% Unknown, 4.0% Hispanic or Latino, 10.8% Asian, 12.2% White, 64.1% American Indian and Alaska Native, 0.5%Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2%
LGBT Percentage7%12%

Differences between fiscal analyst and analyst duties and responsibilities

Fiscal analyst example responsibilities.

  • Manage the UW system approvals such as eProcurement including pro-cards, CTA and ARIBA transactions.
  • Manage budget submissions by subsidiaries in Europe/AFNE region in Hyperion.
  • Develop fiscal reports for initiatives for state legislature concerning the Medicare and Medicaid programs.
  • Maintain GAAP and SAAM through careful examination of request employee and vendor reimbursements.
  • Prepare periodic general ledger balance sheet account reconciliations, as well as adjusting entries relate to the reconciliations.
  • Implement in house databases in order to analyze Medicaid disbursements by region
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Analyst example responsibilities.

  • Manage support incidents and mitigate customer issues meeting or exceeding establish SLA's.
  • Manage database including all ETL procedures, optimize SQL query to build an online sales platform.
  • Lead the requirement gathering effort from key customers for development of new JAVA applications and for troubleshooting customer issues.
  • Provide hands-on technical support and managing custom software, windows base systems, networking solutions, and database systems.
  • Initiate and lead quality improvement projects to address KPIs such as production, error rate, and turnaround time.
  • Help develop and handle both on and offsite SEO solutions as well as managing local campaigns and international SEO efforts.
  • Show more

Fiscal analyst vs analyst skills

Common fiscal analyst skills
  • Payroll, 9%
  • Financial Data, 7%
  • Management System, 5%
  • GAAP, 5%
  • Financial Statements, 5%
  • Reconciliations, 5%
Common analyst skills
  • Customer Service, 13%
  • Troubleshoot, 6%
  • Data Analysis, 6%
  • Management System, 5%
  • Project Management, 5%
  • Strong Analytical, 4%

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