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The differences between funding specialists and project specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a project specialist has an average salary of $65,993, which is higher than the $43,459 average annual salary of a funding specialist.
The top three skills for a funding specialist include data entry, excellent organizational and ACH. The most important skills for a project specialist are customer service, project management, and project proposals.
| Funding Specialist | Project Specialist | |
| Yearly salary | $43,459 | $65,993 |
| Hourly rate | $20.89 | $31.73 |
| Growth rate | -3% | 10% |
| Number of jobs | 47,806 | 99,583 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 64% |
| Average age | 44 | 44 |
| Years of experience | - | - |
A Funding Specialist is in charge of facilitating the funding procedures of a company. They mainly function by identifying the funding needs of projects and programs, conducting extensive research and analyses, and developing plans and strategies to secure funding, all while adhering to the company's policies and regulations. Moreover, aside from planning, a funding specialist is also responsible for liaising with internal and external parties, establishing budget guidelines, preparing and processing documents, and resolving issues promptly and efficiently should any arise.
A project specialist's role is to ensure that a project or program's completion is within the allotted time and budget. They are primarily responsible for devising plans and strategies to quicken the pace of production or processes involved, creating a comprehensive schedule, monitoring the progress and producing reports, tracking the budget and expenditures, and coordinating with all department personnel. Moreover, a project specialist may also schedule and attend meetings, all while adhering to the company's policies and standards.
Funding specialists and project specialists have different pay scales, as shown below.
| Funding Specialist | Project Specialist | |
| Average salary | $43,459 | $65,993 |
| Salary range | Between $30,000 And $62,000 | Between $41,000 And $103,000 |
| Highest paying City | Urban Honolulu, HI | San Francisco, CA |
| Highest paying state | Hawaii | California |
| Best paying company | Northern Trust | Meta |
| Best paying industry | Finance | Professional |
There are a few differences between a funding specialist and a project specialist in terms of educational background:
| Funding Specialist | Project Specialist | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between funding specialists' and project specialists' demographics:
| Funding Specialist | Project Specialist | |
| Average age | 44 | 44 |
| Gender ratio | Male, 36.9% Female, 63.1% | Male, 46.7% Female, 53.3% |
| Race ratio | Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% | Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 11% | 11% |