Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between allocation analysts and analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become an allocation analyst, becoming an analyst takes usually requires 2-4 years. Additionally, an analyst has an average salary of $73,007, which is higher than the $65,773 average annual salary of an allocation analyst.
The top three skills for an allocation analyst include allocation strategies, purchase orders and logistics. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Allocation Analyst | Analyst | |
| Yearly salary | $65,773 | $73,007 |
| Hourly rate | $31.62 | $35.10 |
| Growth rate | 19% | 11% |
| Number of jobs | 8,917 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 67% |
| Average age | 37 | 44 |
| Years of experience | 6 | 4 |
In the retail industry, an allocation analyst is in charge of providing analytical services to optimize a company's supply chain operations. Among their responsibilities include performing market research and analysis, determining the customers' purchase needs, managing product inventory, coordinating with store managers, gathering and analyzing data from internal and external parties, keeping abreast with the latest trends, and developing strategies to reach sales and inventory targets. Moreover, an allocation analyst must maintain an active communication line with staff while enforcing and promoting the company's policies and regulations.
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Allocation analysts and analysts have different pay scales, as shown below.
| Allocation Analyst | Analyst | |
| Average salary | $65,773 | $73,007 |
| Salary range | Between $47,000 And $90,000 | Between $53,000 And $99,000 |
| Highest paying City | Dover, DE | Jersey City, NJ |
| Highest paying state | Delaware | New Jersey |
| Best paying company | Wellington Management | The Citadel |
| Best paying industry | Retail | Technology |
There are a few differences between an allocation analyst and an analyst in terms of educational background:
| Allocation Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Georgia | Northwestern University |
Here are the differences between allocation analysts' and analysts' demographics:
| Allocation Analyst | Analyst | |
| Average age | 37 | 44 |
| Gender ratio | Male, 29.3% Female, 70.7% | Male, 52.4% Female, 47.6% |
| Race ratio | Black or African American, 5.3% Unknown, 5.0% Hispanic or Latino, 12.7% Asian, 11.1% White, 65.8% American Indian and Alaska Native, 0.1% | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 12% |