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The differences between fiscal analysts and 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 finance analyst. Additionally, a finance analyst has an average salary of $69,887, 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 finance analyst are financial analysis, financial models, and financial data.
| Fiscal Analyst | Finance Analyst | |
| Yearly salary | $51,960 | $69,887 |
| Hourly rate | $24.98 | $33.60 |
| Growth rate | 6% | 9% |
| Number of jobs | 37,053 | 138,600 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 76% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
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.
A finance analyst is responsible for evaluating a company's financial data and historical reports to assess investment opportunities and provide accurate financial statements in support of business strategies and company performance prediction. A financial analyst's duties also include suggesting recommendations to boost operations efficiency and grow revenues, researching the current market performance and economic trends to adjust budget goals as needed, and managing client portfolios. Finance analysts must have excellent critical and analytical thinking skills to identify the best actions for the company's profitability.
Fiscal analysts and finance analysts have different pay scales, as shown below.
| Fiscal Analyst | Finance Analyst | |
| Average salary | $51,960 | $69,887 |
| Salary range | Between $35,000 And $75,000 | Between $46,000 And $104,000 |
| Highest paying City | Santa Rosa, CA | San Francisco, CA |
| Highest paying state | New Jersey | Connecticut |
| Best paying company | Jacobs Engineering Group | The Citadel |
| Best paying industry | Health Care | Finance |
There are a few differences between a fiscal analyst and a finance analyst in terms of educational background:
| Fiscal Analyst | Finance Analyst | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between fiscal analysts' and finance analysts' demographics:
| Fiscal Analyst | Finance Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 39.4% Female, 60.6% | Male, 56.2% Female, 43.8% |
| Race ratio | Black 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 Percentage | 7% | 7% |