Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between allocation analysts and associate 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 associate analyst takes usually requires 2-4 years. Additionally, an associate analyst has an average salary of $68,161, 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 associate analyst are customer service, powerpoint, and data analysis.
| Allocation Analyst | Associate Analyst | |
| Yearly salary | $65,773 | $68,161 |
| Hourly rate | $31.62 | $32.77 |
| Growth rate | 19% | 9% |
| Number of jobs | 8,917 | 97,311 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 72% |
| Average age | 37 | 40 |
| 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.
An associate analyst is an individual who is responsible for the research and investigation for a specific business process and department to help the senior staff make further decisions. Associate analysts must use their analytical skills to understand how the collected data can affect business decisions, then prepare reports that detail findings and recommend solutions. They must assist in developing new business models that can generate profits while reducing costs. Associate analysts can work in various industries ranging from finance and operations to information technology (IT) and marketing.
Allocation analysts and associate analysts have different pay scales, as shown below.
| Allocation Analyst | Associate Analyst | |
| Average salary | $65,773 | $68,161 |
| Salary range | Between $47,000 And $90,000 | Between $47,000 And $98,000 |
| Highest paying City | Dover, DE | San Francisco, CA |
| Highest paying state | Delaware | New York |
| Best paying company | Wellington Management | Apollo Global Management |
| Best paying industry | Retail | Finance |
There are a few differences between an allocation analyst and an associate analyst in terms of educational background:
| Allocation Analyst | Associate Analyst | |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between allocation analysts' and associate analysts' demographics:
| Allocation Analyst | Associate Analyst | |
| Average age | 37 | 40 |
| Gender ratio | Male, 29.3% Female, 70.7% | Male, 52.3% Female, 47.7% |
| 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, 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 | 10% | 7% |