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Fiscal analyst vs finance consultant

The differences between fiscal analysts and finance consultants 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 consultant. Additionally, a finance consultant has an average salary of $77,551, 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 consultant are customer service, financial services, and financial statements.

Fiscal analyst vs finance consultant overview

Fiscal AnalystFinance Consultant
Yearly salary$51,960$77,551
Hourly rate$24.98$37.28
Growth rate6%15%
Number of jobs37,05394,259
Job satisfaction--
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 72%
Average age4445
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 finance consultant do?

A finance consultant is responsible for providing financial plans and advice for clients, managing their finances and investment decisions, and helping them achieve their long-term financial goals. Finance consultants carefully evaluate clients' financial situations, help them decide on insurance options, and patiently respond to finance-related inquiries and concerns. They should be able to monitor financial market conditions to decide on the right strategies for the clients' best interests. A finance consultant must have excellent analytical skills, as well as broad knowledge of the financial industry and stock market movements.

Fiscal analyst vs finance consultant salary

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

Fiscal AnalystFinance Consultant
Average salary$51,960$77,551
Salary rangeBetween $35,000 And $75,000Between $54,000 And $110,000
Highest paying CitySanta Rosa, CANew York, NY
Highest paying stateNew JerseyNew York
Best paying companyJacobs Engineering GroupApple
Best paying industryHealth CareTechnology

Differences between fiscal analyst and finance consultant education

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

Fiscal AnalystFinance Consultant
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 72%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Fiscal analyst vs finance consultant demographics

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

Fiscal AnalystFinance Consultant
Average age4445
Gender ratioMale, 39.4% Female, 60.6%Male, 68.5% Female, 31.5%
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, 5.7% Unknown, 4.4% Hispanic or Latino, 9.6% Asian, 8.5% White, 71.8% American Indian and Alaska Native, 0.1%
LGBT Percentage7%5%

Differences between fiscal analyst and finance consultant 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

Finance consultant example responsibilities.

  • Lead new hire training for FINRA test preparation and consultative sales model.
  • Manage client's portfolio to ensure proper taxation of gains/losses on exercise stock options.
  • Provide expert advice to clients to achieve their financial planning goals in conjunction with an independent RIA.
  • Lead and organize a weekly macro meeting with multi-asset strategists to discuss and challenge the team's positioning.
  • Focuse on separately manage accounts, mutual fund and ETF wrap programs, variable annuities, and alternative strategies.
  • Manage all employee relate matters, including stock options, benefits , 401K, payroll administration and human resources.
  • Show more

Fiscal analyst vs finance consultant skills

Common fiscal analyst skills
  • Payroll, 9%
  • Financial Data, 7%
  • Management System, 5%
  • GAAP, 5%
  • Financial Statements, 5%
  • Reconciliations, 5%
Common finance consultant skills
  • Customer Service, 14%
  • Financial Services, 10%
  • Financial Statements, 5%
  • CPA, 4%
  • Business Development, 4%
  • Wealth Management, 3%

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