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The differences between project finance analysts and 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 finance analyst. Additionally, a project finance analyst has an average salary of $77,005, which is higher than the $69,887 average annual salary of a 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 finance analyst are financial analysis, financial models, and financial data.
| Project Finance Analyst | Finance Analyst | |
| Yearly salary | $77,005 | $69,887 |
| Hourly rate | $37.02 | $33.60 |
| Growth rate | 9% | 9% |
| Number of jobs | 106,230 | 138,600 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 76% |
| 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 finance analyst is responsible for evaluating a company's financial data and historical reports to assess investment opportunities and provide accurate financial statements in support of business strategies and company performance prediction. A financial analyst's duties also include suggesting recommendations to boost operations efficiency and grow revenues, researching the current market performance and economic trends to adjust budget goals as needed, and managing client portfolios. Finance analysts must have excellent critical and analytical thinking skills to identify the best actions for the company's profitability.
Project finance analysts and finance analysts have different pay scales, as shown below.
| Project Finance Analyst | Finance Analyst | |
| Average salary | $77,005 | $69,887 |
| Salary range | Between $54,000 And $108,000 | Between $46,000 And $104,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Pennsylvania | Connecticut |
| Best paying company | The Citadel | |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a project finance analyst and a finance analyst in terms of educational background:
| Project Finance Analyst | Finance Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between project finance analysts' and finance analysts' demographics:
| Project Finance Analyst | Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 48.8% Female, 51.2% | Male, 56.2% Female, 43.8% |
| 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% |