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The differences between analyst interns and research analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become an analyst internship, becoming a research analyst takes usually requires 4-6 years. Additionally, a research analyst has an average salary of $70,232, which is higher than the $38,569 average annual salary of an analyst internship.
The top three skills for an analyst internship include financial statements, data analysis and management system. The most important skills for a research analyst are data analysis, data collection, and research projects.
| Analyst Internship | Research Analyst | |
| Yearly salary | $38,569 | $70,232 |
| Hourly rate | $18.54 | $33.77 |
| Growth rate | 9% | 19% |
| Number of jobs | 103,723 | 81,374 |
| Job satisfaction | - | 4.5 |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 70% |
| Average age | 40 | 37 |
| Years of experience | 4 | 6 |
An analyst internship is a student program where an intern is assigned to assist analyst professionals by analyzing business goals, objectives, and needs. Analyst interns assist in the planning and designing of business processes and suggest recommendations for improvement. They conduct research and analysis to support business operations and resolve issues using systems and data. They also help estimate the costs and benefits of multiple business actions and help the business organization launch new initiatives.
A research analyst is responsible for providing a company with insights and advice concerning finance, investments, and expenditures. Utilizing their analytical skills and extensive expertise in marketing, they analyze the trends and significant factors to conclude which decision should be the best to make. They can also take part in conducting an in-depth analysis of a business and examine which areas require improvement or has potential. Furthermore, they may work with a company or independently as a freelance analyst.
Analyst interns and research analysts have different pay scales, as shown below.
| Analyst Internship | Research Analyst | |
| Average salary | $38,569 | $70,232 |
| Salary range | Between $28,000 And $52,000 | Between $45,000 And $107,000 |
| Highest paying City | Olympia, WA | Seattle, WA |
| Highest paying state | Washington | Washington |
| Best paying company | The Citadel | |
| Best paying industry | Professional | Finance |
There are a few differences between an analyst internship and a research analyst in terms of educational background:
| Analyst Internship | Research Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 70% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between analyst interns' and research analysts' demographics:
| Analyst Internship | Research Analyst | |
| Average age | 40 | 37 |
| Gender ratio | Male, 67.8% Female, 32.2% | Male, 50.8% Female, 49.2% |
| 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, 4.7% Unknown, 4.9% Hispanic or Latino, 11.3% Asian, 14.3% White, 64.7% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 10% |