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The differences between analysts and associate 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 analyst and an associate analyst. Additionally, an analyst has an average salary of $73,007, which is higher than the $68,161 average annual salary of an associate analyst.
The top three skills for an analyst include customer service, troubleshoot and data analysis. The most important skills for an associate analyst are customer service, powerpoint, and data analysis.
| Analyst | Associate Analyst | |
| Yearly salary | $73,007 | $68,161 |
| Hourly rate | $35.10 | $32.77 |
| Growth rate | 11% | 9% |
| Number of jobs | 253,138 | 97,311 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 72% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
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.
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.
Analysts and associate analysts have different pay scales, as shown below.
| Analyst | Associate Analyst | |
| Average salary | $73,007 | $68,161 |
| Salary range | Between $53,000 And $99,000 | Between $47,000 And $98,000 |
| Highest paying City | Jersey City, NJ | San Francisco, CA |
| Highest paying state | New Jersey | New York |
| Best paying company | The Citadel | Apollo Global Management |
| Best paying industry | Technology | Finance |
There are a few differences between an analyst and an associate analyst in terms of educational background:
| Analyst | Associate Analyst | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between analysts' and associate analysts' demographics:
| Analyst | Associate Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 52.4% Female, 47.6% | Male, 52.3% Female, 47.7% |
| Race ratio | 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% | 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 | 12% | 7% |