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The differences between reconciliation analysts and associate 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 reconciliation analyst and an associate analyst. Additionally, an associate analyst has an average salary of $68,161, which is higher than the $55,716 average annual salary of a reconciliation analyst.
The top three skills for a reconciliation analyst include reconciliations, portfolio and reconciliation process. The most important skills for an associate analyst are customer service, powerpoint, and data analysis.
| Reconciliation Analyst | Associate Analyst | |
| Yearly salary | $55,716 | $68,161 |
| Hourly rate | $26.79 | $32.77 |
| Growth rate | 11% | 9% |
| Number of jobs | 59,659 | 97,311 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 72% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
A reconciliation analyst is responsible for resolving transaction discrepancies between institutions, especially in financial and business records. Reconciliation analysts conduct audits on reports to identify gaps and inconsistencies and escalate it to the reconciliation supervisor for resolution recommendation. They also review account statements, update information on the database, and coordinate with other departments for the necessary filing of documents. A reconciliation analyst must have excellent analytical and critical-thinking skills, especially in providing immediate solutions to clients by adhering to the company's requirements and regulations.
An associate analyst is an individual who is responsible for the research and investigation for a specific business process and department to help the senior staff make further decisions. Associate analysts must use their analytical skills to understand how the collected data can affect business decisions, then prepare reports that detail findings and recommend solutions. They must assist in developing new business models that can generate profits while reducing costs. Associate analysts can work in various industries ranging from finance and operations to information technology (IT) and marketing.
Reconciliation analysts and associate analysts have different pay scales, as shown below.
| Reconciliation Analyst | Associate Analyst | |
| Average salary | $55,716 | $68,161 |
| Salary range | Between $39,000 And $79,000 | Between $47,000 And $98,000 |
| Highest paying City | Boston, MA | San Francisco, CA |
| Highest paying state | Massachusetts | New York |
| Best paying company | J.P. Morgan | Apollo Global Management |
| Best paying industry | Finance | Finance |
There are a few differences between a reconciliation analyst and an associate analyst in terms of educational background:
| Reconciliation Analyst | Associate Analyst | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between reconciliation analysts' and associate analysts' demographics:
| Reconciliation Analyst | Associate Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 38.0% Female, 62.0% | Male, 52.3% Female, 47.7% |
| Race ratio | Black or African American, 8.1% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 11.4% White, 66.9% American Indian and Alaska Native, 0.2% | 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 | 12% | 7% |