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The differences between project finance analysts and budget 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 project finance analyst and a budget analyst. Additionally, a project finance analyst has an average salary of $77,005, which is higher than the $56,598 average annual salary of a budget analyst.
The top three skills for a project finance analyst include financial analysis, project management and financial data. The most important skills for a budget analyst are financial management, budget analysis, and financial reports.
| Project Finance Analyst | Budget Analyst | |
| Yearly salary | $77,005 | $56,598 |
| Hourly rate | $37.02 | $27.21 |
| Growth rate | 9% | 3% |
| Number of jobs | 106,230 | 50,081 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 70% |
| Average age | 40 | 47 |
| Years of experience | 4 | 4 |
A project finance analyst is responsible for analyzing the financial needs and reports of an organization's project management system. Project finance analysts review project terms and expense forecasting and identify strategies to minimize financial loss. They also resolve account discrepancies and file accurate financial statements upon the assessment of project plans, resources, and timetables. A project finance analyst must have excellent communication and analytical skills to determine potential risks and enhance the company's portfolio for business proposals.
A budget analyst supports organizations and businesses by organizing their financial resources to develop and execute budgets for them. A budget analyst is also responsible for evaluating budget proposals, analyzing data, extra funds redistribution, recommending spending cuts, preparing reports annually, and estimating spending requirements in the future. A budget analyst explores alternative funding methods and uses cost-benefit analyses. In addition, budget analysts also look at past budgets and research any financial developments that could affect income and expenditures.
Project finance analysts and budget analysts have different pay scales, as shown below.
| Project Finance Analyst | Budget Analyst | |
| Average salary | $77,005 | $56,598 |
| Salary range | Between $54,000 And $108,000 | Between $42,000 And $76,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | Pennsylvania | Virginia |
| Best paying company | Shenzhen Capital Group | |
| Best paying industry | Manufacturing | Government |
There are a few differences between a project finance analyst and a budget analyst in terms of educational background:
| Project Finance Analyst | Budget Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between project finance analysts' and budget analysts' demographics:
| Project Finance Analyst | Budget Analyst | |
| Average age | 40 | 47 |
| Gender ratio | Male, 48.8% Female, 51.2% | Male, 45.7% Female, 54.3% |
| 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, 12.4% Unknown, 4.7% Hispanic or Latino, 15.3% Asian, 8.9% White, 57.7% American Indian and Alaska Native, 1.0% |
| LGBT Percentage | 7% | 13% |