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The differences between program finance analysts and contract 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 contract analyst. Additionally, a program finance analyst has an average salary of $57,254, which is higher than the $54,544 average annual salary of a contract analyst.
The top three skills for a program finance analyst include financial analysis, variance analysis and program management. The most important skills for a contract analyst are customer service, contract management, and contract terms.
| Program Finance Analyst | Contract Analyst | |
| Yearly salary | $57,254 | $54,544 |
| Hourly rate | $27.53 | $26.22 |
| Growth rate | 9% | 9% |
| Number of jobs | 154,305 | 58,593 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 67% |
| Average age | 40 | 40 |
| 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.
A contract analyst is primarily in charge of thoroughly reviewing contract terms and conditions, negotiating and addressing changes on behalf of a company or an individual, and avoiding financial disadvantages or any disputes. They are responsible for consulting with clients, analyzing clauses and liabilities, recommending amendments, documenting all transactions, and monitoring every change in the contract. Furthermore, there are instances when a contract analyst must coordinate with all department officers, advising them of any significant changes that the contracts might bring.
Program finance analysts and contract analysts have different pay scales, as shown below.
| Program Finance Analyst | Contract Analyst | |
| Average salary | $57,254 | $54,544 |
| Salary range | Between $42,000 And $76,000 | Between $39,000 And $74,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | California | New Jersey |
| Best paying company | Microsoft | AstraZeneca |
| Best paying industry | Technology | Pharmaceutical |
There are a few differences between a program finance analyst and a contract analyst in terms of educational background:
| Program Finance Analyst | Contract Analyst | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between program finance analysts' and contract analysts' demographics:
| Program Finance Analyst | Contract Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 53.5% Female, 46.5% | Male, 41.2% Female, 58.8% |
| 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, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |