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The differences between reconciliation analysts and revenue 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 revenue analyst. Additionally, a revenue analyst has an average salary of $66,985, 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 revenue analyst are revenue cycle, customer service, and patients.
| Reconciliation Analyst | Revenue Analyst | |
| Yearly salary | $55,716 | $66,985 |
| Hourly rate | $26.79 | $32.20 |
| Growth rate | 11% | 9% |
| Number of jobs | 59,659 | 65,034 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 69% |
| 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.
A revenue analyst is primarily in charge of analyzing a company's revenues and expenditures to help them make better business decisions. Their responsibilities revolve around tracking the company finances, gathering and recording data, producing progress reports, and identifying opportunities to boost sales and profits. There are also instances when a revenue analyst must devise plans to cut costs, recommend budgets, build models, develop revenue forecasts, and comply with the laws and regulations. Furthermore, it is also essential to implement the company's policies and guidelines to the team and every task involved.
Reconciliation analysts and revenue analysts have different pay scales, as shown below.
| Reconciliation Analyst | Revenue Analyst | |
| Average salary | $55,716 | $66,985 |
| Salary range | Between $39,000 And $79,000 | Between $48,000 And $91,000 |
| Highest paying City | Boston, MA | San Francisco, CA |
| Highest paying state | Massachusetts | California |
| Best paying company | J.P. Morgan | |
| Best paying industry | Finance | Technology |
There are a few differences between a reconciliation analyst and a revenue analyst in terms of educational background:
| Reconciliation Analyst | Revenue Analyst | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between reconciliation analysts' and revenue analysts' demographics:
| Reconciliation Analyst | Revenue Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 38.0% Female, 62.0% | Male, 42.3% Female, 57.7% |
| 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% |