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Project management assistant vs finance assistant

The differences between project management assistants and finance assistants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a project management assistant and a finance assistant. Additionally, a project management assistant has an average salary of $56,789, which is higher than the $37,926 average annual salary of a finance assistant.

The top three skills for a project management assistant include project management, purchase orders and financial reports. The most important skills for a finance assistant are customer service, data entry, and payroll.

Project management assistant vs finance assistant overview

Project Management AssistantFinance Assistant
Yearly salary$56,789$37,926
Hourly rate$27.30$18.23
Growth rate-8%-8%
Number of jobs129,637118,749
Job satisfaction--
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 59%
Average age5050
Years of experience22

What does a project management assistant do?

Project Management Assistants will require networking, communication, organization skills, and an associate degree. However, a bachelor's or master's degree may be preferable in some cases, in addition to certain certifications or licenses. This career choice will require the coordination of projects with communication and project management skills and the identification of client needs into an actionable plan that meets budget requirements.

What does a finance assistant do?

A finance assistant is responsible for supporting the financial department with daily operations by doing administrative and clerical tasks as needed. Finance assistants' duties include sorting financial records, updating account spreadsheets, assisting on bank statements reconciliation, processing payments, generating an invoice, auditing financial statements, escalating financial discrepancies for review, and reviewing cost analysis reports. A finance assistant must be knowledgeable of the financial industry and accounting processes, as well as have strong analytical and organizational skills.

Project management assistant vs finance assistant salary

Project management assistants and finance assistants have different pay scales, as shown below.

Project Management AssistantFinance Assistant
Average salary$56,789$37,926
Salary rangeBetween $28,000 And $112,000Between $27,000 And $52,000
Highest paying CityHartford, CTWashington, DC
Highest paying stateConnecticutConnecticut
Best paying companyNovartisBoston Consulting Group
Best paying industryProfessionalManufacturing

Differences between project management assistant and finance assistant education

There are a few differences between a project management assistant and a finance assistant in terms of educational background:

Project Management AssistantFinance Assistant
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 59%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityUniversity of Pennsylvania

Project management assistant vs finance assistant demographics

Here are the differences between project management assistants' and finance assistants' demographics:

Project Management AssistantFinance Assistant
Average age5050
Gender ratioMale, 33.3% Female, 66.7%Male, 24.9% Female, 75.1%
Race ratioBlack or African American, 9.4% Unknown, 3.9% Hispanic or Latino, 16.4% Asian, 3.8% White, 65.7% American Indian and Alaska Native, 0.7%Black or African American, 9.3% Unknown, 3.9% Hispanic or Latino, 16.3% Asian, 3.8% White, 66.0% American Indian and Alaska Native, 0.7%
LGBT Percentage6%6%

Differences between project management assistant and finance assistant duties and responsibilities

Project management assistant example responsibilities.

  • Process submittals, RFI, subcontract change orders, manage project correspondence, track project documents, closeout documentation.
  • Manage quality assurance checks for FDA and internal audits which result in no documentation/information error and successful completion of the audits.
  • Print and make changes to AutoCAD drawings and convert drawings to Visio when request.
  • Perform manual QA testing for new and update work orders.
  • Create high-level flowcharts in Visio to streamline database design and process flows.
  • Document expeditor, schedule updates and reviews, write and track RFI progress, track issues.
  • Show more

Finance assistant example responsibilities.

  • Manage finance operations of assign USPS location.
  • Manage patient and insurance account receivables, perform patient account reconciliations, account audits, process insurance billing/correspondence.
  • Maintain cash receipts and disbursement records using QuickBooks and prepare bank reconciliations.
  • Provide emergency Medicaid screening for undocument patients, and perform necessary follow-up calls pertaining to NYC Medicaid applications.
  • Interpret information requests and correspond with patients and agencies in accordance with hospital, state and HIPAA regulations.
  • Schedule appointments, request prior authorization with appropriate CPT and ICD-9 codes, coordinate surgeries, procedures, etc.
  • Show more

Project management assistant vs finance assistant skills

Common project management assistant skills
  • Project Management, 32%
  • Purchase Orders, 7%
  • Financial Reports, 6%
  • Assist Project, 5%
  • Meeting Minutes, 5%
  • ISO, 4%
Common finance assistant skills
  • Customer Service, 21%
  • Data Entry, 10%
  • Payroll, 9%
  • Purchase Orders, 6%
  • Financial Assistance, 5%
  • Credit Card, 4%

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