Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between processing specialists and funding specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a processing specialist has an average salary of $55,587, which is higher than the $43,459 average annual salary of a funding specialist.
The top three skills for a processing specialist include customer service, data entry and quality standards. The most important skills for a funding specialist are data entry, excellent organizational, and ACH.
| Processing Specialist | Funding Specialist | |
| Yearly salary | $55,587 | $43,459 |
| Hourly rate | $26.72 | $20.89 |
| Growth rate | -5% | -3% |
| Number of jobs | 41,858 | 47,806 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 61% |
| Average age | 51 | 44 |
| 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 Funding Specialist is in charge of facilitating the funding procedures of a company. They mainly function by identifying the funding needs of projects and programs, conducting extensive research and analyses, and developing plans and strategies to secure funding, all while adhering to the company's policies and regulations. Moreover, aside from planning, a funding specialist is also responsible for liaising with internal and external parties, establishing budget guidelines, preparing and processing documents, and resolving issues promptly and efficiently should any arise.
Processing specialists and funding specialists have different pay scales, as shown below.
| Processing Specialist | Funding Specialist | |
| Average salary | $55,587 | $43,459 |
| Salary range | Between $31,000 And $98,000 | Between $30,000 And $62,000 |
| Highest paying City | Newark, NJ | Urban Honolulu, HI |
| Highest paying state | New Jersey | Hawaii |
| Best paying company | Meta | Northern Trust |
| Best paying industry | Professional | Finance |
There are a few differences between a processing specialist and a funding specialist in terms of educational background:
| Processing Specialist | Funding Specialist | |
| Most common degree | Bachelor's Degree, 52% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Western Carolina University |
Here are the differences between processing specialists' and funding specialists' demographics:
| Processing Specialist | Funding Specialist | |
| Average age | 51 | 44 |
| Gender ratio | Male, 39.5% Female, 60.5% | Male, 36.9% Female, 63.1% |
| 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, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 7% | 11% |