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The differences between acquisition analysts and contract analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an acquisition analyst and a contract analyst. Additionally, an acquisition analyst has an average salary of $66,957, which is higher than the $54,544 average annual salary of a contract analyst.
The top three skills for an acquisition analyst include DOD, program management and powerpoint. The most important skills for a contract analyst are customer service, contract management, and contract terms.
| Acquisition Analyst | Contract Analyst | |
| Yearly salary | $66,957 | $54,544 |
| Hourly rate | $32.19 | $26.22 |
| Growth rate | 9% | 9% |
| Number of jobs | 64,684 | 58,593 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 67% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
An acquisition analyst specializes in performing research and analysis to determine the feasibility and advantages of a company acquisition or merger. Their responsibilities revolve around coordinating with different departments to gather necessary data, assess risks and potential legal roadblocks, and analyze the impact of a business merger on the quality of services and client satisfaction. Moreover, an acquisition analyst may perform clerical tasks such as processing documentation, producing progress reports, managing schedules, distributing information materials, and maintaining extensive records.
A contract analyst is primarily in charge of thoroughly reviewing contract terms and conditions, negotiating and addressing changes on behalf of a company or an individual, and avoiding financial disadvantages or any disputes. They are responsible for consulting with clients, analyzing clauses and liabilities, recommending amendments, documenting all transactions, and monitoring every change in the contract. Furthermore, there are instances when a contract analyst must coordinate with all department officers, advising them of any significant changes that the contracts might bring.
Acquisition analysts and contract analysts have different pay scales, as shown below.
| Acquisition Analyst | Contract Analyst | |
| Average salary | $66,957 | $54,544 |
| Salary range | Between $47,000 And $93,000 | Between $39,000 And $74,000 |
| Highest paying City | Hartford, CT | Jersey City, NJ |
| Highest paying state | Connecticut | New Jersey |
| Best paying company | AIG | AstraZeneca |
| Best paying industry | Finance | Pharmaceutical |
There are a few differences between an acquisition analyst and a contract analyst in terms of educational background:
| Acquisition Analyst | Contract Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between acquisition analysts' and contract analysts' demographics:
| Acquisition Analyst | Contract Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 64.1% Female, 35.9% | Male, 41.2% Female, 58.8% |
| Race ratio | 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% | 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 | 7% | 7% |