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The differences between transactional specialists and finance specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a transactional specialist has an average salary of $64,483, which is higher than the $61,666 average annual salary of a finance specialist.
The top three skills for a transactional specialist include real estate, customer relationships and customer satisfaction. The most important skills for a finance specialist are customer service, phone calls, and cash handling.
A Transactional Specialist is someone who is in charge of all transactions that take place in a business organization. First of all, he/she is required to process all requests from customers, both online and offline, in an orderly and timely manner. Also, he/she uses all sales tools at his/her reach to drive an increase in profit and to exceed all of the department's goals. As a Transactional Specialist, your task may also include the establishment and monitoring of internal controls and policies to ensure thorough compliance with GAAP and other requirements.
A financial or finance specialist is the person who sells products and services at financial institutions. Finance specialists are financial professionals who use knowledge of accounting, tax laws, and finance for financial assistance. They may assist clients with corporate or personal finances. The primary skills they must have include interpersonal skills, formal accounting, excellent communication skills, management experience, and financial reporting. They should be equipped with vital customer service and analytical skills.
Transactional specialists and finance specialists have different pay scales, as shown below.
| Transactional Specialist | Finance Specialist | |
| Average salary | $64,483 | $61,666 |
| Salary range | Between $39,000 And $105,000 | Between $37,000 And $100,000 |
| Highest paying City | Jersey City, NJ | Washington, DC |
| Highest paying state | New Jersey | Connecticut |
| Best paying company | Apple | |
| Best paying industry | - | Finance |
There are a few differences between a transactional specialist and a finance specialist in terms of educational background:
| Transactional Specialist | Finance Specialist | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 62% |
| Most common major | Business | Business |
| Most common college | - | University of Pennsylvania |
Here are the differences between transactional specialists' and finance specialists' demographics:
| Transactional Specialist | Finance Specialist | |
| Average age | 40 | 43 |
| Gender ratio | Male, 31.8% Female, 68.2% | Male, 42.1% Female, 57.9% |
| Race ratio | Black or African American, 11.2% Unknown, 5.0% Hispanic or Latino, 20.1% Asian, 7.9% White, 55.2% American Indian and Alaska Native, 0.6% | Black or African American, 8.6% Unknown, 3.9% Hispanic or Latino, 9.6% Asian, 10.0% White, 67.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 4% |