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The differences between tax analysts and treasury 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 a treasury analyst takes usually requires 2-4 years. Additionally, a treasury analyst has an average salary of $72,667, 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 a treasury analyst are treasury, cash management, and ACH.
| Tax Analyst | Treasury Analyst | |
| Yearly salary | $61,745 | $72,667 |
| Hourly rate | $29.69 | $34.94 |
| Growth rate | -7% | 9% |
| Number of jobs | 56,223 | 50,817 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 76% |
| Average age | 48 | 40 |
| 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.
A treasury analyst is an individual who manages and analyses the financial activities of an organization that can include cash flows, liability obligations, and assets. Treasury analysts are required to execute the daily cash management of the organization such as cash forecasting, investing of excess cash, and running a hedging program in interest rates. They must present monthly reports and daily briefings on cash flows to senior management and provide advice on the financial operations of the movement of cash. Treasury analysts also update treasury policies and procedures for the organization to comply.
Tax analysts and treasury analysts have different pay scales, as shown below.
| Tax Analyst | Treasury Analyst | |
| Average salary | $61,745 | $72,667 |
| Salary range | Between $43,000 And $87,000 | Between $52,000 And $100,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Maine | California |
| Best paying company | Meta | |
| Best paying industry | Technology | Automotive |
There are a few differences between a tax analyst and a treasury analyst in terms of educational background:
| Tax Analyst | Treasury Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 76% |
| Most common major | Accounting | Business |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between tax analysts' and treasury analysts' demographics:
| Tax Analyst | Treasury Analyst | |
| Average age | 48 | 40 |
| Gender ratio | Male, 42.9% Female, 57.1% | Male, 51.1% Female, 48.9% |
| 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, 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 | 8% | 7% |