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The differences between project 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 project finance analyst and a business & finance analyst. Additionally, a project finance analyst has an average salary of $77,005, which is higher than the $70,514 average annual salary of a business & finance analyst.
The top three skills for a project finance analyst include financial analysis, project management and financial data. The most important skills for a business & finance analyst are financial analysis, business analysis, and shared services.
| Project Finance Analyst | Business & Finance Analyst | |
| Yearly salary | $77,005 | $70,514 |
| Hourly rate | $37.02 | $33.90 |
| Growth rate | 9% | 9% |
| Number of jobs | 106,230 | 168,111 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Average age | 40 | 40 |
| 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 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.
Project finance analysts and business & finance analysts have different pay scales, as shown below.
| Project Finance Analyst | Business & Finance Analyst | |
| Average salary | $77,005 | $70,514 |
| Salary range | Between $54,000 And $108,000 | Between $50,000 And $99,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Pennsylvania | Washington |
| Best paying company | ||
| Best paying industry | Manufacturing | Finance |
There are a few differences between a project finance analyst and a business & finance analyst in terms of educational background:
| Project Finance Analyst | Business & Finance Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between project finance analysts' and business & finance analysts' demographics:
| Project Finance Analyst | Business & Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 48.8% Female, 51.2% | Male, 55.6% Female, 44.4% |
| 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% |