Financial analysts and financial planning and analysis (FP&A) can often be mistaken for the same role. However, there are key differences in their responsibilities that differentiate them and make each role unique. Financial analysts focus on quantitative data, such as financial statements, to assess the financial health of companies or markets. They use this information to develop future strategies, track progress against goals, and provide advice to other departments. On the other hand, FP&A professionals work more closely with business operations, helping them develop budgets, forecasts, and long-term plans. Their primary role is to create actionable insights and ensure the company remains financially viable and meets its goals. Both roles require a solid understanding of financial concepts and excellent analytical skills – but only one can be your official go-to for everything finance!