What does an associate analyst do?
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.
Associate analyst responsibilities
Here are examples of responsibilities from real associate analyst resumes:
- Lead negotiations of a new partnership with logistics company to save an estimate $40K per year in freight expense.
- Manage Salesforce account with customer credentials
- Manage project team meetings using SharePoint calendars.
- Log, assign, and tracks' request, files, documents in DHS database.
- Attend briefings of several different DoD agencies to learn their respective equities.
- Implement targeted changes to C++ application to execute algorithm experiments from MATLAB.
- Compile SalesForce CRM data to identify areas of inefficiency within the account sales process.
- Study VBA programming, options, energy markets, economic indicators, and candlestick patterns.
- Analyze complex data from the origination systems as well as the product and underwriting matrix.
- Respond to end user s hardware, software and network connectivity issues in a windows environment.
- Design a simple web application using python base on TurboGears server for carrying out user- provide input.
- Create a python script to categorize and organize old emails and data exchanges between clients and employees.
- Improve inventory accuracy by reconciling over 300 parts of inventory a day to match ERP system quantity.
- Perform analysis of warehouse operations base on KPIs, costs, cycle counts, quality audits and other reporting.
- Confer with logistics management teams to determine ways to optimize service levels, maintain supply-chain efficiency, or minimize cost.
Associate analyst skills and personality traits
We calculated that 8% of Associate Analysts are proficient in Customer Service, PowerPoint, and Data Analysis. They’re also known for soft skills such as Computer skills, Math skills, and Detail oriented.
We break down the percentage of Associate Analysts that have these skills listed on their resume here:
- Customer Service, 8%
Analyzed web and interactive phone systems for customer friendliness and accurate data to improve customer service satisfaction and reduce manual processing.
- PowerPoint, 7%
Prepared and presented PowerPoint presentations regarding selling techniques and goal setting.
- Data Analysis, 7%
Co-developed analytic modeling to manage data and streamline data analysis using SQL.
- Healthcare, 6%
Evaluated claims experience and forecast future renewal rates for Coventry Healthcare of Kansas' fifteen largest groups.
- Portfolio, 6%
Performed resource estimations and analysis in support of trial execution derived from consolidated clinical portfolio prioritization plans.
- Tableau, 4%
Published interactive online-based Tableau versions.
Most associate analysts use their skills in "customer service," "powerpoint," and "data analysis" to do their jobs. You can find more detail on essential associate analyst responsibilities here:
Computer skills. The most essential soft skill for an associate analyst to carry out their responsibilities is computer skills. This skill is important for the role because "financial analysts must be adept at using software to analyze financial data and trends, create portfolios, and make forecasts." Additionally, an associate analyst resume shows how their duties depend on computer skills: "prepare computer analytic models for cash flow, earnings, and asset valuation. "
Math skills. Another soft skill that's essential for fulfilling associate analyst duties is math skills. The role rewards competence in this skill because "financial analysts use mathematics to estimate the value of financial securities." According to an associate analyst resume, here's how associate analysts can utilize math skills in their job responsibilities: "assisted the credit approval process based on the industry research, company s background and quantitative credit analysis. "
Detail oriented. Another skill that relates to the job responsibilities of associate analysts is detail oriented. This skill is critical to many everyday associate analyst duties, as "financial analysts must pay attention when reviewing a possible investment, as even small issues may have large implications for its health." This example from a resume shows how this skill is used: "composed press releases, analytical summaries, company reports and industry commentaries in a fast-paced, detail-oriented environment. "
Analytical skills. For certain associate analyst responsibilities to be completed, the job requires competence in "analytical skills." The day-to-day duties of an associate analyst rely on this skill, as "financial analysts must evaluate a range of information in finding profitable investments." For example, this snippet was taken directly from a resume about how this skill applies to what associate analysts do: "perform fundamental credit analysis of financial guaranty insurance and reinsurance companies to determine insurance financial strength and debt ratings. "
Communication skills. Another common skill required for associate analyst responsibilities is "communication skills." This skill comes up in the duties of associate analysts all the time, as "financial analysts must be able to clearly explain their recommendations to clients." An excerpt from a real associate analyst resume shows how this skill is central to what an associate analyst does: "introduced a proposal that enhanced communication between customer service and vendors via internet. "
The three companies that hire the most associate analysts are:
- Deloitte498 associate analysts jobs
- Ernst & Young89 associate analysts jobs
- Highmark52 associate analysts jobs
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Compare different associate analysts
Associate analyst vs. Analyst internship
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.
While similarities exist, there are also some differences between associate analysts and analyst internship. For instance, associate analyst responsibilities require skills such as "customer service," "powerpoint," "healthcare," and "portfolio." Whereas a analyst internship is skilled in "python," "c++," "analyze data," and "client portfolios." This is part of what separates the two careers.
Analyst interns earn the highest salaries when working in the professional industry, with an average yearly salary of $41,723. On the other hand, associate analysts are paid more in the finance industry with an average salary of $88,076.analyst interns tend to reach similar levels of education than associate analysts. In fact, analyst interns are 1.1% more likely to graduate with a Master's Degree and 0.0% less likely to have a Doctoral Degree.Associate analyst vs. Investment associate
An investment associate's primary role is to review a company's financial data, recommend investment strategies, oversee the distribution of stocks, and calculate possible risks for business mergers. They also serve as a mediator during agreements between companies during takeovers, monitors stock inventory, sell stocks, and details all financial transactions. In the course of these responsibilities, an investment associate provides administrative support and timely response to client requests as needed, acting as an additional point of communication for clients.
In addition to the difference in salary, there are some other key differences worth noting. For example, associate analyst responsibilities are more likely to require skills like "data analysis," "healthcare," "portfolio," and "tableau." Meanwhile, an investment associate has duties that require skills in areas such as "client service," "client relationships," "wealth management," and "client portfolios." These differences highlight just how different the day-to-day in each role looks.
Investment associates may earn a higher salary than associate analysts, but investment associates earn the most pay in the technology industry with an average salary of $117,651. On the other hand, associate analysts receive higher pay in the finance industry, where they earn an average salary of $88,076.Average education levels between the two professions vary. Investment associates tend to reach similar levels of education than associate analysts. In fact, they're 1.6% less likely to graduate with a Master's Degree and 0.0% more likely to earn a Doctoral Degree.What technology do you think will become more important and prevalent for associate analysts in the next 3-5 years?
Erik Johnson Ph.D.
Assistant Professor of Economics, Carthage College
Associate analyst vs. Junior is analyst
A junior IS analyst takes responsibility in making sure that databases are constructed appropriately and with access limits. IS analysts improve trading strategy with intermediaries through compensation information analysis. They handle financial claims payment as well as provider directory processes. Also, they develop dictionaries and provide technical support. They even perform due diligence for investment opportunities. The skills they need to have include management, information technology, and financial management.
There are many key differences between these two careers, including some of the skills required to perform responsibilities within each role. For example, an associate analyst is likely to be skilled in "customer service," "healthcare," "tableau," and "strong analytical," while a typical junior is analyst is skilled in "dod," "renewable energy," "pivot tables," and "logistics."
Junior is analysts make a very good living in the finance industry with an average annual salary of $83,781. On the other hand, associate analysts are paid the highest salary in the finance industry, with average annual pay of $88,076.Most junior is analysts achieve a lower degree level compared to associate analysts. For example, they're 6.0% less likely to graduate with a Master's Degree, and 0.2% less likely to earn a Doctoral Degree.Associate analyst vs. Revenue analyst
A revenue analyst is primarily in charge of analyzing a company's revenues and expenditures to help them make better business decisions. Their responsibilities revolve around tracking the company finances, gathering and recording data, producing progress reports, and identifying opportunities to boost sales and profits. There are also instances when a revenue analyst must devise plans to cut costs, recommend budgets, build models, develop revenue forecasts, and comply with the laws and regulations. Furthermore, it is also essential to implement the company's policies and guidelines to the team and every task involved.
Types of associate analyst
Updated January 8, 2025
