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Reconciliation analyst vs business analyst-consultant

The differences between reconciliation analysts and business analyst-consultants 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 a business analyst-consultant. Additionally, a business analyst-consultant has an average salary of $90,127, 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 a business analyst-consultant are strong analytical, business process, and data analysis.

Reconciliation analyst vs business analyst-consultant overview

Reconciliation AnalystBusiness Analyst-Consultant
Yearly salary$55,716$90,127
Hourly rate$26.79$43.33
Growth rate11%11%
Number of jobs59,659166,560
Job satisfaction--
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 69%
Average age4444
Years of experience44

What does a reconciliation analyst do?

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.

What does a business analyst-consultant do?

A business analyst-consultant is responsible for overseeing the project management and ensuring that the operations meet the agreed-upon project deliverables. Business analyst-consultants closely coordinate with the clients for their specifications and requirements, monitoring the resources and processes for the project completion, and aligning those to the clients' budget goals. A business analyst-consultant helps the development team on strategizing techniques for brand promotions with minimal costs with maximum quality and productivity. They should have excellent communication and organizational skills, especially on identifying business opportunities to drive revenues and increase profitability.

Reconciliation analyst vs business analyst-consultant salary

Reconciliation analysts and business analyst-consultants have different pay scales, as shown below.

Reconciliation AnalystBusiness Analyst-Consultant
Average salary$55,716$90,127
Salary rangeBetween $39,000 And $79,000Between $66,000 And $122,000
Highest paying CityBoston, MAWashington, DC
Highest paying stateMassachusettsCalifornia
Best paying companyJ.P. MorganBNY Mellon
Best paying industryFinanceFinance

Differences between reconciliation analyst and business analyst-consultant education

There are a few differences between a reconciliation analyst and a business analyst-consultant in terms of educational background:

Reconciliation AnalystBusiness Analyst-Consultant
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 69%
Most common majorBusinessBusiness
Most common collegeNorthwestern UniversityNorthwestern University

Reconciliation analyst vs business analyst-consultant demographics

Here are the differences between reconciliation analysts' and business analyst-consultants' demographics:

Reconciliation AnalystBusiness Analyst-Consultant
Average age4444
Gender ratioMale, 38.0% Female, 62.0%Male, 53.1% Female, 46.9%
Race ratioBlack 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, 7.5% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.5% White, 64.9% American Indian and Alaska Native, 0.2%
LGBT Percentage12%12%

Differences between reconciliation analyst and business analyst-consultant duties and responsibilities

Reconciliation analyst example responsibilities.

  • Lead the requirement gathering effort from key customers for development of new JAVA applications and for troubleshooting customer issues.
  • Execute all aspects of the international account reconciliations and settlements with international vendors, including currency exchange.
  • Add new trading partners to EDI.
  • Use team SharePoint to upload disposal reports.
  • Respond to all correspondence via written or verbal communication, within DOD timeframe.
  • Develop SQL scripts that improve the efficiency of processes, analysis, and reporting.
  • Show more

Business analyst-consultant example responsibilities.

  • Create process flow charts in VISIO and perform analysis to automate manual daily load processes.
  • Monitor and manage project KPIs relative to the definition, design and delivery of business & functional requirements.
  • Manage UAT for provider locator website and call center replacement implementations.
  • Lead requirements discovery for third-party off-shore development team and facilitate JAD sessions to solidify requirements and build consensus for application design.
  • Manage integrated functionality & technology dependencies, usability, reliability, performance and support requirements of legacy CRM and web applications.
  • Create flow charts in VISIO documenting system and departmental dependencies and recording results on Citibank's internal SharePoint system.
  • Show more

Reconciliation analyst vs business analyst-consultant skills

Common reconciliation analyst skills
  • Reconciliations, 12%
  • Portfolio, 7%
  • Reconciliation Process, 6%
  • Financial Reports, 4%
  • Securities, 4%
  • SQL, 4%
Common business analyst-consultant skills
  • Strong Analytical, 10%
  • Business Process, 8%
  • Data Analysis, 7%
  • Project Management, 7%
  • Business Analysts, 6%
  • Process Improvement, 5%

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