Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between general accountants and business management 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 general accountant and a business management analyst. Additionally, a business management analyst has an average salary of $69,743, which is higher than the $55,043 average annual salary of a general accountant.
The top three skills for a general accountant include financial data, reconciliations and cash handling. The most important skills for a business management analyst are project management, CRM, and business analysis.
| General Accountant | Business Management Analyst | |
| Yearly salary | $55,043 | $69,743 |
| Hourly rate | $26.46 | $33.53 |
| Growth rate | 6% | 11% |
| Number of jobs | 87,663 | 203,737 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 71% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A general accountant is responsible for evaluating account statements, conducting data analysis with financial transactions, and generating reports on revenues, expenses, and sales forecasting. These accountants manage discrepancies on the company and clients' profiles, including bank reconciliations and processing of account receivables and payables. They also handle the release of invoices and petty cash, analyzing balance sheets, and updating accurate financial information on the database. A general accountant must have excellent analytical skills, as well as extensive knowledge of the accounting principles and disciplines.
A business management analyst specializes in conducting economic research and analysis to provide essential data that will help companies to develop better procedures and services. Moreover, their responsibilities typically revolve around evaluating existing processes and systems to look for areas in need of improvement, identifying issues and providing corrective measures, facilitating meetings and presentations, documenting and processing results, and maintaining an accurate record of data and transactions. Furthermore, it is essential to implement all policies and regulations, all while encouraging the team to reach goals and improve performance.
General accountants and business management analysts have different pay scales, as shown below.
| General Accountant | Business Management Analyst | |
| Average salary | $55,043 | $69,743 |
| Salary range | Between $40,000 And $73,000 | Between $49,000 And $98,000 |
| Highest paying City | Washington, DC | Seattle, WA |
| Highest paying state | New Jersey | Washington |
| Best paying company | Apple | Meta |
| Best paying industry | Automotive | Finance |
There are a few differences between a general accountant and a business management analyst in terms of educational background:
| General Accountant | Business Management Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 71% |
| Most common major | Accounting | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between general accountants' and business management analysts' demographics:
| General Accountant | Business Management Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 43.1% Female, 56.9% | Male, 51.4% Female, 48.6% |
| Race ratio | Black or African American, 8.7% Unknown, 4.0% Hispanic or Latino, 11.1% Asian, 13.7% White, 62.1% American Indian and Alaska Native, 0.5% | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.4% Asian, 14.2% White, 65.3% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |