Paymaster vs payroll analyst

The differences between paymasters and payroll 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 paymaster and a payroll analyst. Additionally, a paymaster has an average salary of $69,234, which is higher than the $54,217 average annual salary of a payroll analyst.

The top three skills for a paymaster include ADP, payroll processing and payroll system. The most important skills for a payroll analyst are customer service, payroll system, and payroll data.

Paymaster vs payroll analyst overview

	Paymaster	Payroll Analyst
Yearly salary	$69,234	$54,217
Hourly rate	$33.29	$26.07
Growth rate	-3%	-3%
Number of jobs	668	15,555
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 57%	Bachelor's Degree, 60%
Average age	48	48
Years of experience	4	4

Paymaster vs payroll analyst salary

Paymasters and payroll analysts have different pay scales, as shown below.

	Paymaster	Payroll Analyst
Average salary	$69,234	$54,217
Salary range	Between $41,000 And $115,000	Between $39,000 And $74,000
Highest paying City	-	Olympia, WA
Highest paying state	-	Washington
Best paying company	-	Varian Medical Systems
Best paying industry	-	Technology

Differences between paymaster and payroll analyst education

There are a few differences between a paymaster and a payroll analyst in terms of educational background:

	Paymaster	Payroll Analyst
Most common degree	Bachelor's Degree, 57%	Bachelor's Degree, 60%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Paymaster vs payroll analyst demographics

Here are the differences between paymasters' and payroll analysts' demographics:

	Paymaster	Payroll Analyst
Average age	48	48
Gender ratio	Male, 27.8% Female, 72.2%	Male, 24.2% Female, 75.8%
Race ratio	Black or African American, 8.9% Unknown, 6.1% Hispanic or Latino, 18.9% Asian, 6.1% White, 58.5% American Indian and Alaska Native, 1.5%	Black or African American, 10.1% Unknown, 6.1% Hispanic or Latino, 18.6% Asian, 6.1% White, 57.6% American Indian and Alaska Native, 1.5%
LGBT Percentage	10%	10%

Differences between paymaster and payroll analyst duties and responsibilities

Paymaster example responsibilities.

Manage annual professional liability in PeopleSoft for faculty and fellows.
Assist in month end process including accruals and payroll journals.
Create and maintain record of expenses and payments, assisting in the preparation of various reports and reconciliations.
Perform monthly balance sheet account reconciliations including bank and payroll reconciliations.
Maintain detailed records of employment, and provide spreadsheets/data of all payroll functions-for audit purposes in accordance with statutory requirements.
Create new inventory/non-inventory items in QuickBooks accounting system and tracks supplies accurately.

Payroll analyst example responsibilities.

Manage all activities relate to base pay, overtime, PTO, garnishments and payroll tax.
Perform monthly accounting functions including journal entries, general ledger account reconciliations, benefit and salary accruals, and headcount reconciliations.
Create PowerPoint slides to train new timekeepers and managers in KRONOS.
Lead functional tester in support of timekeeping, payroll and labor upgrades and conversion projects.
Support the third-party web applications like KRONOS and custom-built time entry systems to input the time data
Enter new hires, terminations, and employee maintenance changes into HRIS & ADP including process employee benefit elections.

Paymaster vs payroll analyst skills

Common paymaster skills

ADP, 11%
Payroll Processing, 11%
Payroll System, 10%
Accruals, 9%
Reconciliations, 8%
W-2, 8%

Common payroll analyst skills

Customer Service, 11%
Payroll System, 6%
Payroll Data, 4%
Human Resources, 4%
Reconciliations, 4%
Data Entry, 3%