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The differences between reconciliation analysts and policy 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 policy analyst. Additionally, a policy analyst has an average salary of $66,359, 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 policy analyst are public policy, policy analysis, and policy issues.
| Reconciliation Analyst | Policy Analyst | |
| Yearly salary | $55,716 | $66,359 |
| Hourly rate | $26.79 | $31.90 |
| Growth rate | 11% | 11% |
| Number of jobs | 59,659 | 69,173 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 65% |
| 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.
Policy analysts are responsible for developing government policies and providing advice and briefing to senior management. These professionals work to influence both social and political decisions. They typically work in four key areas, including collecting information, analyzing policies, providing recommendations, and sharing information with government officials and the public. Additionally, they are also expected to consult with stakeholders to provide quantitative evidence supporting their policy. The rest of their time is spent on writing, reading, and analyzing information.
Reconciliation analysts and policy analysts have different pay scales, as shown below.
| Reconciliation Analyst | Policy Analyst | |
| Average salary | $55,716 | $66,359 |
| Salary range | Between $39,000 And $79,000 | Between $47,000 And $92,000 |
| Highest paying City | Boston, MA | Seattle, WA |
| Highest paying state | Massachusetts | Connecticut |
| Best paying company | J.P. Morgan | Apple |
| Best paying industry | Finance | Insurance |
There are a few differences between a reconciliation analyst and a policy analyst in terms of educational background:
| Reconciliation Analyst | Policy Analyst | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 65% |
| Most common major | Business | Political Science |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between reconciliation analysts' and policy analysts' demographics:
| Reconciliation Analyst | Policy Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 38.0% Female, 62.0% | Male, 46.1% Female, 53.9% |
| 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, 8.4% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 12.1% White, 65.7% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |