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The differences between associate analysts and senior 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 associate analyst and a senior analyst. Additionally, a senior analyst has an average salary of $84,799, which is higher than the $68,161 average annual salary of an associate analyst.
The top three skills for an associate analyst include customer service, powerpoint and data analysis. The most important skills for a senior analyst are analytics, data analysis, and tableau.
| Associate Analyst | Senior Analyst | |
| Yearly salary | $68,161 | $84,799 |
| Hourly rate | $32.77 | $40.77 |
| Growth rate | 9% | 11% |
| Number of jobs | 97,311 | 159,807 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 68% |
| Average age | 40 | 44 |
| Years of experience | 4 | 4 |
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.
A senior analyst's responsibilities will vary in every organization or industry. However, their primary role is to gain an understanding of a company's strengths and weaknesses. Through this, they can devise strategies and determine new opportunities that would be significant in attaining financial gains and a more substantial client base. Furthermore, it is a senior analyst's responsibility to coordinate with various departments, and even clients, to establish a rapport that will be essential in gaining the needed information to catapult a company to its finest.
Associate analysts and senior analysts have different pay scales, as shown below.
| Associate Analyst | Senior Analyst | |
| Average salary | $68,161 | $84,799 |
| Salary range | Between $47,000 And $98,000 | Between $63,000 And $112,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New York | New Jersey |
| Best paying company | Apollo Global Management | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between an associate analyst and a senior analyst in terms of educational background:
| Associate Analyst | Senior Analyst | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between associate analysts' and senior analysts' demographics:
| Associate Analyst | Senior Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 52.3% Female, 47.7% | Male, 61.8% Female, 38.2% |
| 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, 7.4% Unknown, 4.4% Hispanic or Latino, 8.4% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |