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The differences between fiscal analysts and tax analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a fiscal analyst, becoming a tax analyst takes usually requires 1-2 years. Additionally, a tax analyst has an average salary of $61,745, 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 tax analyst are tax audits, reconciliations, and tax compliance.
| Fiscal Analyst | Tax Analyst | |
| Yearly salary | $51,960 | $61,745 |
| Hourly rate | $24.98 | $29.69 |
| Growth rate | 6% | -7% |
| Number of jobs | 37,053 | 56,223 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 70% |
| Average age | 44 | 48 |
| Years of experience | 4 | 2 |
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 tax analyst specializes in managing and filing tax forms and tax returns, all while devising strategies to reduce tax payments legally. A tax analyst may work as a member of a company or independently. Moreover, in a company setting, the responsibilities of a tax analyst revolve around coordinating with different departments to obtain all necessary documentation and financial information, maintaining accurate and extensive records of all transactions, and resolving any issues or concerns. Furthermore, it is essential to remain updated with all the tax laws, all while adhering to the policies and regulations of the company.
Fiscal analysts and tax analysts have different pay scales, as shown below.
| Fiscal Analyst | Tax Analyst | |
| Average salary | $51,960 | $61,745 |
| Salary range | Between $35,000 And $75,000 | Between $43,000 And $87,000 |
| Highest paying City | Santa Rosa, CA | San Francisco, CA |
| Highest paying state | New Jersey | Maine |
| Best paying company | Jacobs Engineering Group | Meta |
| Best paying industry | Health Care | Technology |
There are a few differences between a fiscal analyst and a tax analyst in terms of educational background:
| Fiscal Analyst | Tax Analyst | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 70% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between fiscal analysts' and tax analysts' demographics:
| Fiscal Analyst | Tax Analyst | |
| Average age | 44 | 48 |
| Gender ratio | Male, 39.4% Female, 60.6% | Male, 42.9% Female, 57.1% |
| 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, 13.1% Unknown, 3.4% Hispanic or Latino, 15.6% Asian, 11.1% White, 56.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 8% |