What is an Associate Analyst

Associate analysts are junior members of a company who contribute to researching the business processes of a specific department. They create reports on their findings and present them to management. They use the presented information to make decisions.

As an associate analyst, you can work in many different industries with your duties remaining quite consistent. These tasks include dissecting company operations and working towards finding the most time-efficient and cost-effective solutions.

Whether they work in IT, business, or financing, an associate analyst is involved in upgrading operational systems, researching new products, creating models for database handling, and documenting processes. An observant attitude and analytical thinking go a long way in this career path. Technological aptitude and a willingness to be a team player are also helpful traits.

There is more than meets the eye when it comes to being an Associate Analyst. For example, did you know that they make an average of $36.65 an hour? That's $76,233 a year!

Between 2018 and 2028, the career is expected to grow 6% and produce 20,300 job opportunities across the U.S.

What Does an Associate Analyst Do

There are certain skills that many Associate Analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Computer skills, Math skills and Detail oriented.

Learn more about what an Associate Analyst does

How To Become an Associate Analyst

If you're interested in becoming an Associate Analyst, one of the first things to consider is how much education you need. We've determined that 71.7% of Associate Analysts have a bachelor's degree. In terms of higher education levels, we found that 15.9% of Associate Analysts have master's degrees. Even though most Associate Analysts have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become an Associate Analyst. When we researched the most common majors for an Associate Analyst, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on Associate Analyst resumes include Associate Degree degrees or Diploma degrees.

You may find that experience in other jobs will help you become an Associate Analyst. In fact, many Associate Analyst jobs require experience in a role such as Internship. Meanwhile, many Associate Analysts also have previous career experience in roles such as Administrative Assistant or Customer Service Representative.

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And if you’re looking for a job, here are the five top employers hiring now:

  1. Morgan Stanley Jobs (24)
  2. Acxiom Jobs (27)
  3. AT&T Jobs (19)
  4. Citigroup Jobs (45)
  5. Deutsche Bank Jobs (16)
Average Salary
$76,233
Average Salary
Job Growth Rate
6%
Job Growth Rate
Job Openings
116,957
Job Openings
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Associate Analyst Career Paths

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Average Salary for an Associate Analyst

Associate Analysts in America make an average salary of $76,233 per year or $37 per hour. The top 10 percent makes over $106,000 per year, while the bottom 10 percent under $54,000 per year.
Average Salary
$76,233
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5 Associate Analyst Resume Examples

Learn How To Write an Associate Analyst Resume

At Zippia, we went through countless Associate Analyst resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Associate Analyst Resume Examples And Templates

And if you’re looking for a job, here are the five top employers hiring now:

  1. Morgan Stanley Jobs (24)
  2. Acxiom Jobs (27)
  3. AT&T Jobs (19)
  4. Citigroup Jobs (45)
  5. Deutsche Bank Jobs (16)

Choose From 10+ Customizable Associate Analyst Resume templates

Zippia allows you to choose from different easy-to-use Associate Analyst templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Associate Analyst resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

Associate Analyst Resume
Associate Analyst Resume
Associate Analyst Resume
Associate Analyst Resume
Associate Analyst Resume
Associate Analyst Resume
Associate Analyst Resume
Associate Analyst Resume
Associate Analyst Resume
Associate Analyst Resume
Associate Analyst Resume
Associate Analyst Resume
Associate Analyst Resume
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Associate Analyst Resume
Associate Analyst Resume

Associate Analyst Demographics

Associate Analyst Gender Distribution

Male
Male
52%
Female
Female
48%

After extensive research and analysis, Zippia's data science team found that:

  • Among Associate Analysts, 47.7% of them are women, while 52.3% are men.

  • The most common race/ethnicity among Associate Analysts is White, which makes up 62.3% of all Associate Analysts.

  • The most common foreign language among Associate Analysts is Spanish at 30.6%.

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Associate Analyst Education

Associate Analyst Majors

24.2 %
18.0 %

Associate Analyst Degrees

Bachelors

71.7 %

Masters

15.9 %

Associate

8.1 %

Top Colleges for Associate Analysts

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

5. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

6. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

7. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

8. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition
$14,760
Enrollment
31,451

9. University of Illinois at Urbana-Champaign

Champaign, IL • Private

In-State Tuition
$15,094
Enrollment
32,974

10. University of Notre Dame

Notre Dame, IN • Private

In-State Tuition
$53,391
Enrollment
8,568
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Top Skills For an Associate Analyst

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 11.6% of Associate Analysts listed Procedures on their resume, but soft skills such as Computer skills and Math skills are important as well.

Best States For an Associate Analyst

Some places are better than others when it comes to starting a career as an Associate Analyst. The best states for people in this position are Connecticut, Alaska, New York, and Washington. Associate Analysts make the most in Connecticut with an average salary of $89,349. Whereas in Alaska and New York, they would average $87,126 and $86,738, respectively. While Associate Analysts would only make an average of $84,690 in Washington, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Associate Analyst Jobs:
2,988
Highest 10% Earn:
$124,000
Location Quotient:
1.7
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Connecticut

Total Associate Analyst Jobs:
447
Highest 10% Earn:
$129,000
Location Quotient:
0.99
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Alaska

Total Associate Analyst Jobs:
106
Highest 10% Earn:
$106,000
Location Quotient:
0.93
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Associate Analysts

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Top Associate Analyst Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ Associate Analysts and discovered their number of Associate Analyst opportunities and average salary. Through our research, we concluded that Moody's was the best, especially with an average salary of $79,613. Mastercard follows up with an average salary of $76,319, and then comes NERA Economic Consulting with an average of $72,897. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as an Associate Analyst. The employers include Salesforce, Flagstar Bank, and Mastercard

Most Common Employers For Associate Analyst

RankCompanyZippia ScoreAverage Associate Analyst SalaryAverage Salary
1$82,010
2$80,929
3$80,917
4$80,899
5$80,805
6$80,599

Becoming an Associate Analyst FAQs

How much do associate analysts make?

Associate analysts make $68,000 a year ($32.90 an hour), on average. The range in pay for an associate analyst starts from as little as $50,000 a year to as much as $92,000 a year. Factors such as location and industry type impact how much an associate analyst can make.

Highest paying states for associate analysts:

  • New York averages $87,414 a year ($42.03 an hour)

  • Connecticut averages $87,304 a year ($41.97 an hour)

  • Alaska averages $80,427 a year ($38.67 an hour)

  • New Jersey averages $74,637 a year ($35.88 an hour)

  • District of Columbia averages $74,182 a year ($35.66 an hour)

Lowest paying states for associate analysts:

  • Wyoming averages $37,990 a year ($18.26 an hour)

  • Oklahoma averages $48,115 a year ($23.13 an hour)

  • South Carolina averages $48,672 a year ($23.40 an hour)

  • Louisiana averages $49,151 a year ($23.63 an hour)

  • Kansas averages $49,673 a year ($23.88 an hour)

Industry type and associate analyst salary:

  • Finance averages $88,626 a year

  • Energy averages $81,594 a year

  • Technology averages $63,138 a year

  • Health Care averages $62,465 a year

  • Manufacturing averages $60,606 a year

Is an associate analyst higher than an analyst?

Yes, an associate analyst is higher than an analyst. However, they are both considered entry-level positions.

For instance, an analyst position is typically an entry-level role in the firm, usually reserved for post-undergraduates. On the other hand, associate analysts are considered a position one tier above, requiring an MBA or prior analyst experience.

In some organizations, associate analyst positions are appointed based on the job experience. The role of each position can vary between start-ups to corporate. Sometimes smaller firms have analysts perform various tasks that take more responsibility but do not have an associate as their supervisor.

Overall, it takes two to three years to move from an analyst to an associate analyst position. However, you do not need previous analyst work experience to hire an assistant role with the right education. Once you become an associate, responsibilities and leadership roles fall on you as you become accountable for analysts' performance in the firm.

What are the skills required for an associate analyst?

The skills required for an associate analyst include setting up reporting systems and collecting data, using analytical skills to understand how the collected data affects business decisions, and preparing reports that detail findings and recommend solutions.

The associate analyst performs various functions, which vary slightly based on the industry:

IT/Systems associate analyst responsibilities:

  • Participating in the research and development process of new applications, hardware, or related peripherals

  • Performing the documentation related tasks for particular projects or all projects in general

  • Conducting periodic assessments to check the functioning of systems or applications and seeking feedback from users

Business associate analyst responsibilities:

  • Assisting in the development of new strategies to enhance the efficiency of the current business processes

  • Assisting in the development of new system models and allotting time and budget for every new project

  • Assisting in designing workflow and the selection of materials and power for the projects

  • Seeking and recommending advanced technologies that can contribute to projects and business development and generate profits while reducing operating costs.

Investment banking associate analyst responsibilities:

  • Gathering, examining, and analyzing financial statements of clients and also assisting the senior analysts in reviewing the financial position of clients

  • Researching the market, preparing presentations, writing and circulating letters, and many other tasks

  • Helping to design business cases for all use cases and preparing various automation frameworks

  • Monitoring all product and service sales cycles, assisting customers and clients in choosing appropriate products, and providing a regular assessment of all business strategies.

What level is an associate analyst?

The level of an associate analyst is one notch above an analyst, but it is still considered an entry-level position.

For most companies, an analyst is the bottom of the totem pole. This is a great entry-level position for recent graduates of a bachelor's degree in various areas, including computer science, software engineering, banking, information systems, MIS, or business information. This will largely depend on the three main industries you work in as an associate analyst - business, investment banking, and IT systems.

In many cases, an analyst can work their way into an associate analyst role. This usually takes three to 5 years of experience working as an analyst. In other cases, companies will hire associate analysts candidates with an MBA and no prior work experience.

The role of each position can vary between start-ups to corporate, but typically an associate analyst is always above an analyst. Smaller firms have analysts perform various tasks that take more responsibility but do not have an associate as their supervisor.

After an associate usually comes a specialist or consultant, which takes two to three years to reach. Then senior specialist or consultant, which takes three to five years to reach. Finally, you move into manager, senior manager, or partner. Becoming a partner can take upwards of 20 plus years.

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