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The differences between time motion analysts and business & 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 time motion analyst and a business & finance analyst. Additionally, a time motion analyst has an average salary of $72,630, which is higher than the $70,514 average annual salary of a business & finance analyst.
The top three skills for a time motion analyst include call volume, schedule adherence and service level objectives. The most important skills for a business & finance analyst are financial analysis, business analysis, and shared services.
| Time Motion Analyst | Business & Finance Analyst | |
| Yearly salary | $72,630 | $70,514 |
| Hourly rate | $34.92 | $33.90 |
| Growth rate | 11% | 9% |
| Number of jobs | 39,276 | 168,111 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 71% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
A Time Motion Analyst is an industrial engineer who uses a set of tools to increase the efficiency of operations by simplifying work and setting standards. This is usually done with a wage-incentive system set in place to increase workers' motivation. He/She typically carries out time and motion studies on some operations to ascertain standard production rates or to improve efficiency in different industries. He/She studies speed, efforts put in by workers, and methodology used in production or manufacturing to get the same results.
A financial business analyst is also referred to as a business analyst who recommends and enforces corporate efficiency and profitability methods. Financial business analysts analyze the business model and finances of an organization. Their findings serve as the source of their suggestions to improve businesses' budgeting, management, and overall operations. They have the ability to predict the outcome of the decisions made by enterprises. The skills necessary for this job include interpersonal skills, management experience, financial reporting, and strong communication skills.
Time motion analysts and business & finance analysts have different pay scales, as shown below.
| Time Motion Analyst | Business & Finance Analyst | |
| Average salary | $72,630 | $70,514 |
| Salary range | Between $42,000 And $123,000 | Between $50,000 And $99,000 |
| Highest paying City | - | San Francisco, CA |
| Highest paying state | - | Washington |
| Best paying company | - | |
| Best paying industry | - | Finance |
There are a few differences between a time motion analyst and a business & finance analyst in terms of educational background:
| Time Motion Analyst | Business & Finance Analyst | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between time motion analysts' and business & finance analysts' demographics:
| Time Motion Analyst | Business & Finance Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 51.0% Female, 49.0% | Male, 55.6% Female, 44.4% |
| Race ratio | Black or African American, 8.4% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 9.8% White, 68.0% 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% |