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The differences between reconciliation analysts and planning 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 a planning analyst. Additionally, a planning analyst has an average salary of $68,137, 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 planning analyst are project management, customer service, and data analysis.
| Reconciliation Analyst | Planning Analyst | |
| Yearly salary | $55,716 | $68,137 |
| Hourly rate | $26.79 | $32.76 |
| Growth rate | 11% | 11% |
| Number of jobs | 59,659 | 92,380 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 73% |
| Average age | 44 | 44 |
| 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.
As a planning analyst, you will be responsible for designing and implementing a company's business and marketing strategies with the goal of driving profits and reducing costs. You will propose measures to enhance an organization's overall efficiency, and guide managers on ways to strengthen profit margins through risk awareness reduced costs, and increased revenues. Other duties include conducting risk analyses to identify areas of potential failure, maintaining the business continuity program, and handling internal and external corporate communications with the investment community and industry analysts.
Reconciliation analysts and planning analysts have different pay scales, as shown below.
| Reconciliation Analyst | Planning Analyst | |
| Average salary | $55,716 | $68,137 |
| Salary range | Between $39,000 And $79,000 | Between $49,000 And $93,000 |
| Highest paying City | Boston, MA | Washington, DC |
| Highest paying state | Massachusetts | Rhode Island |
| Best paying company | J.P. Morgan | Meta |
| Best paying industry | Finance | Automotive |
There are a few differences between a reconciliation analyst and a planning analyst in terms of educational background:
| Reconciliation Analyst | Planning Analyst | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between reconciliation analysts' and planning analysts' demographics:
| Reconciliation Analyst | Planning Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 38.0% Female, 62.0% | Male, 53.4% Female, 46.6% |
| 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, 8.0% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 12.6% White, 65.8% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |