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The differences between program finance analysts and 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 program finance analyst and an analyst. Additionally, an analyst has an average salary of $73,007, which is higher than the $57,254 average annual salary of a program finance analyst.
The top three skills for a program finance analyst include financial analysis, variance analysis and program management. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Program Finance Analyst | Analyst | |
| Yearly salary | $57,254 | $73,007 |
| Hourly rate | $27.53 | $35.10 |
| Growth rate | 9% | 11% |
| Number of jobs | 154,305 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 67% |
| Average age | 40 | 44 |
| Years of experience | 4 | 4 |
A program finance analyst is an individual who supports the execution of program financial services to ensure effective and transparent utilization of financial resources. Program finance analysts must obtain and compile information regarding the credit history of loan applicants, corporate financial statements, and other financial information. They communicate with faculty members and business administrators about the company's financial status and provide recommendations for strategic planning. Program finance analysts must also monitor the financial performance of a project and provide analysis for project managers concerning burn rates and potential overruns.
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Program finance analysts and analysts have different pay scales, as shown below.
| Program Finance Analyst | Analyst | |
| Average salary | $57,254 | $73,007 |
| Salary range | Between $42,000 And $76,000 | Between $53,000 And $99,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | California | New Jersey |
| Best paying company | Microsoft | The Citadel |
| Best paying industry | Technology | Technology |
There are a few differences between a program finance analyst and an analyst in terms of educational background:
| Program Finance Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between program finance analysts' and analysts' demographics:
| Program Finance Analyst | Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 53.5% Female, 46.5% | Male, 52.4% Female, 47.6% |
| Race ratio | 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% | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |