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The differences between processing specialists and finance specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a finance specialist has an average salary of $61,666, which is higher than the $55,587 average annual salary of a processing specialist.
The top three skills for a processing specialist include customer service, data entry and quality standards. The most important skills for a finance specialist are customer service, phone calls, and cash handling.
| Processing Specialist | Finance Specialist | |
| Yearly salary | $55,587 | $61,666 |
| Hourly rate | $26.72 | $29.65 |
| Growth rate | -5% | 10% |
| Number of jobs | 41,858 | 97,216 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 62% |
| Average age | 51 | 43 |
| Years of experience | 6 | - |
A processing specialist mainly functions to extend and relay information within a company or organization. Most of the time, they are responsible for gathering, verifying, processing, and analyzing data from various aspects such as clients and sales. Aside from this, they perform research and analysis, utilizing the results to develop strategies and plans to help the company pursue deals and provide optimum services. Furthermore, a processing specialist needs to coordinate with managers and be equipped with communication skills as there are instances where they must engage with clients.
A financial or finance specialist is the person who sells products and services at financial institutions. Finance specialists are financial professionals who use knowledge of accounting, tax laws, and finance for financial assistance. They may assist clients with corporate or personal finances. The primary skills they must have include interpersonal skills, formal accounting, excellent communication skills, management experience, and financial reporting. They should be equipped with vital customer service and analytical skills.
Processing specialists and finance specialists have different pay scales, as shown below.
| Processing Specialist | Finance Specialist | |
| Average salary | $55,587 | $61,666 |
| Salary range | Between $31,000 And $98,000 | Between $37,000 And $100,000 |
| Highest paying City | Newark, NJ | Washington, DC |
| Highest paying state | New Jersey | Connecticut |
| Best paying company | Meta | |
| Best paying industry | Professional | Finance |
There are a few differences between a processing specialist and a finance specialist in terms of educational background:
| Processing Specialist | Finance Specialist | |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 62% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between processing specialists' and finance specialists' demographics:
| Processing Specialist | Finance Specialist | |
| Average age | 51 | 43 |
| Gender ratio | Male, 39.5% Female, 60.5% | Male, 42.1% Female, 57.9% |
| Race ratio | Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.5% American Indian and Alaska Native, 0.6% | Black or African American, 8.6% Unknown, 3.9% Hispanic or Latino, 9.6% Asian, 10.0% White, 67.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 4% |