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The differences between allocation analysts and reporting 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 a reporting analyst takes usually requires 2-4 years. Additionally, a reporting analyst has an average salary of $73,478, 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 a reporting analyst are power bi, data analysis, and dashboards.
| Allocation Analyst | Reporting Analyst | |
| Yearly salary | $65,773 | $73,478 |
| Hourly rate | $31.62 | $35.33 |
| Growth rate | 19% | 11% |
| Number of jobs | 8,917 | 87,731 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 71% |
| 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.
As a reporting analyst, you are responsible for collecting relevant reports, analyzing raw data, writing, and delivering executive-ready qualitative and/or quantitative reports as per clients' requirements. The results collected will be communicated to managers or clients, who will then provide suggestions based on their findings. This person must have excellent quantitative & qualitative analytical skills, a strong eye for detail, strong organizational and multitasking abilities, and be able to work on tight deadlines. Intermediate to advanced knowledge of Excel is a must for this position.
Allocation analysts and reporting analysts have different pay scales, as shown below.
| Allocation Analyst | Reporting Analyst | |
| Average salary | $65,773 | $73,478 |
| Salary range | Between $47,000 And $90,000 | Between $56,000 And $95,000 |
| Highest paying City | Dover, DE | San Francisco, CA |
| Highest paying state | Delaware | Washington |
| Best paying company | Wellington Management | Meta |
| Best paying industry | Retail | Finance |
There are a few differences between an allocation analyst and a reporting analyst in terms of educational background:
| Allocation Analyst | Reporting Analyst | |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Georgia | Northwestern University |
Here are the differences between allocation analysts' and reporting analysts' demographics:
| Allocation Analyst | Reporting Analyst | |
| Average age | 37 | 44 |
| Gender ratio | Male, 29.3% Female, 70.7% | Male, 54.1% Female, 45.9% |
| 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, 7.5% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.4% White, 65.0% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 12% |