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Program finance analyst vs business & finance analyst

The differences between program finance analysts and business & finance 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 a business & finance analyst. Additionally, a business & finance analyst has an average salary of $70,514, 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 a business & finance analyst are financial analysis, business analysis, and shared services.

Program finance analyst vs business & finance analyst overview

Program Finance AnalystBusiness & Finance Analyst
Yearly salary$57,254$70,514
Hourly rate$27.53$33.90
Growth rate9%9%
Number of jobs154,305168,111
Job satisfaction--
Most common degreeBachelor's Degree, 78%Bachelor's Degree, 71%
Average age4040
Years of experience44

What does a program finance analyst do?

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.

What does a business & finance analyst do?

A financial business analyst is also referred to as a business analyst who recommends and enforces corporate efficiency and profitability methods. Financial business analysts analyze the business model and finances of an organization. Their findings serve as the source of their suggestions to improve businesses' budgeting, management, and overall operations. They have the ability to predict the outcome of the decisions made by enterprises. The skills necessary for this job include interpersonal skills, management experience, financial reporting, and strong communication skills.

Program finance analyst vs business & finance analyst salary

Program finance analysts and business & finance analysts have different pay scales, as shown below.

Program Finance AnalystBusiness & Finance Analyst
Average salary$57,254$70,514
Salary rangeBetween $42,000 And $76,000Between $50,000 And $99,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateCaliforniaWashington
Best paying companyMicrosoftGoogle
Best paying industryTechnologyFinance

Differences between program finance analyst and business & finance analyst education

There are a few differences between a program finance analyst and a business & finance analyst in terms of educational background:

Program Finance AnalystBusiness & Finance Analyst
Most common degreeBachelor's Degree, 78%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Program finance analyst vs business & finance analyst demographics

Here are the differences between program finance analysts' and business & finance analysts' demographics:

Program Finance AnalystBusiness & Finance Analyst
Average age4040
Gender ratioMale, 53.5% Female, 46.5%Male, 55.6% Female, 44.4%
Race ratioBlack 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, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1%
LGBT Percentage7%7%

Differences between program finance analyst and business & finance analyst duties and responsibilities

Program finance analyst example responsibilities.

  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Prepare monthly accounts payable accruals as well as researching and analyzing account variances.
  • Provide monthly and quarterly accruals of channel programs and MDF to revenue accounting team.
  • Ensure accurate forecasting in using Hyperion.
  • Perform monthly contract invoicing/billings, program account reconciliations, and sales forecasting.
  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Show more

Business & finance analyst example responsibilities.

  • Manage and maintain DCAA approve accrual record keeping system while maintaining GAAP standards.
  • Lead company in Essbase implementation and developing a centralize and standardize reporting process.
  • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
  • Conduct data analysis using SQL.
  • Manipulate and run labor reports weekly using Hyperion for account financial measures and assumptions.
  • Analyze huge sets of data using SQL and excel for ensuring data quality and issues.
  • Show more

Program finance analyst vs business & finance analyst skills

Common program finance analyst skills
  • Financial Analysis, 13%
  • Variance Analysis, 5%
  • Program Management, 5%
  • Financial Data, 4%
  • Earned Value Management, 3%
  • Strong Analytical, 3%
Common business & finance analyst skills
  • Financial Analysis, 13%
  • Business Analysis, 6%
  • Shared Services, 5%
  • Financial Data, 4%
  • Strong Analytical, 4%
  • Process Improvement, 4%

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