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Fiscal analyst vs business & finance analyst

The differences between fiscal analysts and business & finance 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 a business & finance analyst. Additionally, a business & finance analyst has an average salary of $70,514, 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 a business & finance analyst are financial analysis, business analysis, and shared services.

Fiscal analyst vs business & finance analyst overview

Fiscal AnalystBusiness & Finance Analyst
Yearly salary$51,960$70,514
Hourly rate$24.98$33.90
Growth rate6%9%
Number of jobs37,053168,111
Job satisfaction--
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 71%
Average age4440
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 a business & finance analyst do?

A financial business analyst is also referred to as a business analyst who recommends and enforces corporate efficiency and profitability methods. Financial business analysts analyze the business model and finances of an organization. Their findings serve as the source of their suggestions to improve businesses' budgeting, management, and overall operations. They have the ability to predict the outcome of the decisions made by enterprises. The skills necessary for this job include interpersonal skills, management experience, financial reporting, and strong communication skills.

Fiscal analyst vs business & finance analyst salary

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

Fiscal AnalystBusiness & Finance Analyst
Average salary$51,960$70,514
Salary rangeBetween $35,000 And $75,000Between $50,000 And $99,000
Highest paying CitySanta Rosa, CASan Francisco, CA
Highest paying stateNew JerseyWashington
Best paying companyJacobs Engineering GroupGoogle
Best paying industryHealth CareFinance

Differences between fiscal analyst and business & finance analyst education

There are a few differences between a fiscal analyst and a business & finance analyst in terms of educational background:

Fiscal AnalystBusiness & Finance Analyst
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Fiscal analyst vs business & finance analyst demographics

Here are the differences between fiscal analysts' and business & finance analysts' demographics:

Fiscal AnalystBusiness & Finance Analyst
Average age4440
Gender ratioMale, 39.4% Female, 60.6%Male, 55.6% Female, 44.4%
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, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1%
LGBT Percentage7%7%

Differences between fiscal analyst and business & finance 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
  • Show more

Business & finance analyst example responsibilities.

  • Manage and maintain DCAA approve accrual record keeping system while maintaining GAAP standards.
  • Lead company in Essbase implementation and developing a centralize and standardize reporting process.
  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Conduct data analysis using SQL.
  • Manipulate and run labor reports weekly using Hyperion for account financial measures and assumptions.
  • Analyze huge sets of data using SQL and excel for ensuring data quality and issues.
  • Show more

Fiscal analyst vs business & finance analyst skills

Common fiscal analyst skills
  • Payroll, 9%
  • Financial Data, 7%
  • Management System, 5%
  • GAAP, 5%
  • Financial Statements, 5%
  • Reconciliations, 5%
Common business & finance analyst skills
  • Financial Analysis, 13%
  • Business Analysis, 6%
  • Shared Services, 5%
  • Financial Data, 4%
  • Strong Analytical, 4%
  • Process Improvement, 4%

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