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Fiscal analyst vs junior accountant

The differences between fiscal analysts and junior accountants 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 junior accountant. Additionally, a fiscal analyst has an average salary of $51,960, which is higher than the $50,444 average annual salary of a junior accountant.

The top three skills for a fiscal analyst include payroll, financial data and management system. The most important skills for a junior accountant are reconciliations, general ledger accounts, and account reconciliations.

Fiscal analyst vs junior accountant overview

Fiscal AnalystJunior Accountant
Yearly salary$51,960$50,444
Hourly rate$24.98$24.25
Growth rate6%6%
Number of jobs37,05357,892
Job satisfaction--
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 70%
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 a junior accountant do?

Junior accountants maintain the financial records of companies through the analysis of their general ledger accounts and balance sheets. The accountant's post journal entries, maintain accounts receivable and payable, and update financial statements. They pay payroll every month, reconcile ledgers, and submit payroll taxes. The skills necessary for this job include analytical skills, problem-solving, information confidentiality, and proficiency in accounting software and technology. They are also expected to be detail-oriented.

Fiscal analyst vs junior accountant salary

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

Fiscal AnalystJunior Accountant
Average salary$51,960$50,444
Salary rangeBetween $35,000 And $75,000Between $38,000 And $66,000
Highest paying CitySanta Rosa, CANew York, NY
Highest paying stateNew JerseyNew York
Best paying companyJacobs Engineering GroupFuhu
Best paying industryHealth CareConstruction

Differences between fiscal analyst and junior accountant education

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

Fiscal AnalystJunior Accountant
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 70%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Fiscal analyst vs junior accountant demographics

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

Fiscal AnalystJunior Accountant
Average age4444
Gender ratioMale, 39.4% Female, 60.6%Male, 39.6% Female, 60.4%
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, 7.9% Unknown, 3.9% Hispanic or Latino, 10.2% Asian, 16.6% White, 60.9% American Indian and Alaska Native, 0.5%
LGBT Percentage7%7%

Differences between fiscal analyst and junior accountant 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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Junior accountant example responsibilities.

  • Manage and monitor accounting procedures for compliance with Sarbanes-Oxley and coordinate and facilitate external audit requirements.
  • Perform and assist with month-end close procedures, including preparation of monthly balance sheet and income statement account reconciliations.
  • Identify hundreds of daily transactions from banking statements using QuickBooks and present monthly financial reports
  • Perform bank and credit card reconciliations and assist with month-end accruals in addition to inter-company reconciliations.
  • Prepare financial schedules, account reconciliations, and detail financial statements and reports for analysis, financial reporting, and decision-making.
  • Deposit checks into lockbox and post to funds to proper accounts daily.
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Fiscal analyst vs junior accountant skills

Common fiscal analyst skills
  • Payroll, 9%
  • Financial Data, 7%
  • Management System, 5%
  • GAAP, 5%
  • Financial Statements, 5%
  • Reconciliations, 5%
Common junior accountant skills
  • Reconciliations, 18%
  • General Ledger Accounts, 8%
  • Account Reconciliations, 5%
  • Data Entry, 5%
  • QuickBooks, 4%
  • Payroll Taxes, 4%

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