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The differences between tax analysts and analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a tax analyst, becoming an analyst takes usually requires 2-4 years. Additionally, an analyst has an average salary of $73,007, which is higher than the $61,745 average annual salary of a tax analyst.
The top three skills for a tax analyst include tax audits, reconciliations and tax compliance. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Tax Analyst | Analyst | |
| Yearly salary | $61,745 | $73,007 |
| Hourly rate | $29.69 | $35.10 |
| Growth rate | -7% | 11% |
| Number of jobs | 56,223 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 67% |
| Average age | 48 | 44 |
| Years of experience | 2 | 4 |
A tax analyst specializes in managing and filing tax forms and tax returns, all while devising strategies to reduce tax payments legally. A tax analyst may work as a member of a company or independently. Moreover, in a company setting, the responsibilities of a tax analyst revolve around coordinating with different departments to obtain all necessary documentation and financial information, maintaining accurate and extensive records of all transactions, and resolving any issues or concerns. Furthermore, it is essential to remain updated with all the tax laws, all while adhering to the policies and regulations of the company.
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Tax analysts and analysts have different pay scales, as shown below.
| Tax Analyst | Analyst | |
| Average salary | $61,745 | $73,007 |
| Salary range | Between $43,000 And $87,000 | Between $53,000 And $99,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | Maine | New Jersey |
| Best paying company | Meta | The Citadel |
| Best paying industry | Technology | Technology |
There are a few differences between a tax analyst and an analyst in terms of educational background:
| Tax Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 67% |
| Most common major | Accounting | Business |
| Most common college | University of Southern California | Northwestern University |
Here are the differences between tax analysts' and analysts' demographics:
| Tax Analyst | Analyst | |
| Average age | 48 | 44 |
| Gender ratio | Male, 42.9% Female, 57.1% | Male, 52.4% Female, 47.6% |
| Race ratio | Black or African American, 13.1% Unknown, 3.4% Hispanic or Latino, 15.6% Asian, 11.1% White, 56.6% American Indian and Alaska Native, 0.3% | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 8% | 12% |