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The differences between management analysts and finance 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 management analyst and a finance analyst. Additionally, a finance analyst has an average salary of $69,887, which is higher than the $69,804 average annual salary of a management analyst.
The top three skills for a management analyst include customer service, project management and logistics. The most important skills for a finance analyst are financial analysis, financial models, and financial data.
| Management Analyst | Finance Analyst | |
| Yearly salary | $69,804 | $69,887 |
| Hourly rate | $33.56 | $33.60 |
| Growth rate | 11% | 9% |
| Number of jobs | 169,171 | 138,600 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 76% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
A management analyst is responsible for monitoring the efficiency and effectiveness of management operations, providing strategic advice and procedures to improve its services, and building excellent relationships with customers and business partners. Management analysts identify business opportunities that would help the business generate more revenues and meet long-term profitability goals. They develop techniques in maximizing productivity and optimization, recommending new systems, and upgrading existing processes. A management analyst must have excellent critical thinking and communication skills, especially when evaluating complex data and performance reports.
A finance analyst is responsible for evaluating a company's financial data and historical reports to assess investment opportunities and provide accurate financial statements in support of business strategies and company performance prediction. A financial analyst's duties also include suggesting recommendations to boost operations efficiency and grow revenues, researching the current market performance and economic trends to adjust budget goals as needed, and managing client portfolios. Finance analysts must have excellent critical and analytical thinking skills to identify the best actions for the company's profitability.
Management analysts and finance analysts have different pay scales, as shown below.
| Management Analyst | Finance Analyst | |
| Average salary | $69,804 | $69,887 |
| Salary range | Between $49,000 And $98,000 | Between $46,000 And $104,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | New Jersey | Connecticut |
| Best paying company | The Citadel | The Citadel |
| Best paying industry | Professional | Finance |
There are a few differences between a management analyst and a finance analyst in terms of educational background:
| Management Analyst | Finance Analyst | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between management analysts' and finance analysts' demographics:
| Management Analyst | Finance Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 46.5% Female, 53.5% | Male, 56.2% Female, 43.8% |
| Race ratio | Black or African American, 8.4% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 12.7% White, 65.2% American Indian and Alaska Native, 0.2% | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 12% | 7% |