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Military pay technician vs finance technician

The differences between military pay technicians and finance technicians can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a military pay technician and a finance technician. Additionally, a finance technician has an average salary of $45,251, which is higher than the $40,431 average annual salary of a military pay technician.

The top three skills for a military pay technician include payroll system, timekeeping and customer service. The most important skills for a finance technician are financial reports, financial management, and review contracts.

Military pay technician vs finance technician overview

Military Pay TechnicianFinance Technician
Yearly salary$40,431$45,251
Hourly rate$19.44$21.76
Growth rate-5%-5%
Number of jobs9,76689,668
Job satisfaction--
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 48%
Average age5151
Years of experience66

Military pay technician vs finance technician salary

Military pay technicians and finance technicians have different pay scales, as shown below.

Military Pay TechnicianFinance Technician
Average salary$40,431$45,251
Salary rangeBetween $28,000 And $57,000Between $30,000 And $67,000
Highest paying CityLos Angeles, CANew York, NY
Highest paying stateAlaskaNew York
Best paying companyJPMorgan Chase & Co.Ernst & Young
Best paying industryGovernmentGovernment

Differences between military pay technician and finance technician education

There are a few differences between a military pay technician and a finance technician in terms of educational background:

Military Pay TechnicianFinance Technician
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 48%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Military pay technician vs finance technician demographics

Here are the differences between military pay technicians' and finance technicians' demographics:

Military Pay TechnicianFinance Technician
Average age5151
Gender ratioMale, 42.8% Female, 57.2%Male, 41.2% Female, 58.8%
Race ratioBlack or African American, 6.7% Unknown, 4.0% Hispanic or Latino, 14.2% Asian, 6.5% White, 68.0% American Indian and Alaska Native, 0.6%Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.8% American Indian and Alaska Native, 0.6%
LGBT Percentage7%7%

Differences between military pay technician and finance technician duties and responsibilities

Military pay technician example responsibilities.

  • Conduct interactive GFEBS training of other analysts to achieve end of fiscal year surge financial reporting requirements.
  • Manage high volumes of financial activity in a fast-pace, risk-base combat environment in Afghanistan.
  • Develop expertise in use of PeopleSoft system to manage balance accounts for quarterly investment portfolio.
  • Verse in all military pay systems including but not limit to CMS, DJMS, and DMO.
  • Conduct monthly audit of all accounts impact during the month to ensure proper handling in accordance with DoD and JFTR regulations.
  • Research and coordinate with DCPS, DFAS, civilian personnel, or other sources to solve complex problems and provide information.
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Finance technician example responsibilities.

  • Develop expertise in use of PeopleSoft system to manage balance accounts for quarterly investment portfolio.
  • Transmit data to MAJCOM, HQ USAF, & DoD timely.
  • Provide debt management for the DOD and service members.
  • Process and review documents associate with PCS, ETS, retirement and/or separation.
  • Ensure that obligations are correct, record, and submits vouchers to DFAS for processing.
  • Network and coordinate with DFAS, civilian personnel or other resources to resolve complex problems.
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Military pay technician vs finance technician skills

Common military pay technician skills
  • Payroll System, 13%
  • Timekeeping, 11%
  • Customer Service, 9%
  • Corrective Action, 8%
  • Treasury, 6%
  • One Assistance, 5%
Common finance technician skills
  • Financial Reports, 15%
  • Financial Management, 13%
  • Review Contracts, 10%
  • Financial Transactions, 8%
  • Treasury, 6%
  • Bonds, 4%

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