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The differences between reporting analysts and finance 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 reporting analyst and a finance analyst. Additionally, a reporting analyst has an average salary of $73,478, which is higher than the $69,887 average annual salary of a finance analyst.
The top three skills for a reporting analyst include power bi, data analysis and dashboards. The most important skills for a finance analyst are financial analysis, financial models, and financial data.
| Reporting Analyst | Finance Analyst | |
| Yearly salary | $73,478 | $69,887 |
| Hourly rate | $35.33 | $33.60 |
| Growth rate | 11% | 9% |
| Number of jobs | 87,731 | 138,600 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 76% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
As a reporting analyst, you are responsible for collecting relevant reports, analyzing raw data, writing, and delivering executive-ready qualitative and/or quantitative reports as per clients' requirements. The results collected will be communicated to managers or clients, who will then provide suggestions based on their findings. This person must have excellent quantitative & qualitative analytical skills, a strong eye for detail, strong organizational and multitasking abilities, and be able to work on tight deadlines. Intermediate to advanced knowledge of Excel is a must for this position.
A finance analyst is responsible for evaluating a company's financial data and historical reports to assess investment opportunities and provide accurate financial statements in support of business strategies and company performance prediction. A financial analyst's duties also include suggesting recommendations to boost operations efficiency and grow revenues, researching the current market performance and economic trends to adjust budget goals as needed, and managing client portfolios. Finance analysts must have excellent critical and analytical thinking skills to identify the best actions for the company's profitability.
Reporting analysts and finance analysts have different pay scales, as shown below.
| Reporting Analyst | Finance Analyst | |
| Average salary | $73,478 | $69,887 |
| Salary range | Between $56,000 And $95,000 | Between $46,000 And $104,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | Connecticut |
| Best paying company | Meta | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between a reporting analyst and a finance analyst in terms of educational background:
| Reporting Analyst | Finance Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between reporting analysts' and finance analysts' demographics:
| Reporting Analyst | Finance Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 54.1% Female, 45.9% | Male, 56.2% Female, 43.8% |
| Race ratio | Black or African American, 7.5% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.4% White, 65.0% 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% |