An associate analyst is a professional 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 representing typical tasks they are likely to perform in their roles.

  • Monitor information by establishing ongoing procedures to collect and review information need to manage an organization or ongoing activities within it.
  • Study VBA programming, options, energy markets, economic indicators, and candlestick patterns.
  • Respond to end user s hardware, software and network connectivity issues in a windows environment.
  • Intern to help switch over the current ERP system, to the new system before the beginning of the fiscal year.
  • Implement turbulence models for automobiles using Matlab.
  • Co-Facilitate CRM team interviews and candidate assessment.
  • Provide investigative support to senior analysts to troubleshoot outstanding issues.
  • Prepare and present PowerPoint presentations regarding selling techniques and goal setting.
  • Spearhead the automation of self-assessment processes using VBA with division-wide applicability.
  • Collect and manipulate large data sets and conduct econometric analysis using STATA.
Associate Analyst Traits
Computer skills involves understanding how to operate a computer, as well as computer programs and applications.
Math skills include being able to perform basic addition and subtraction, as well as solving for the unknown and visualizing data that will be helpful in the workplace.
Detail oriented involves being extremely mindful and observant of all details.

Associate Analyst Job Description

When it comes to understanding what an associate analyst does, you may be wondering, "should I become an associate analyst?" The data included in this section may help you decide. Compared to other jobs, associate analysts have a growth rate described as "as fast as average" at 6% between the years 2018 - 2028, according to the Bureau of Labor Statistics. In fact, the number of associate analyst opportunities that are predicted to open up by 2028 is 20,300.

Associate analysts average about $32.9 an hour, which makes the associate analyst annual salary $68,428. Additionally, associate analysts are known to earn anywhere from $50,000 to $92,000 a year. This means that the top-earning associate analysts make $42,000 more than the lowest earning ones.

As is the case with most jobs, it takes work to become an associate analyst. Sometimes people change their minds about their career after working in the profession. That's why we looked into some other professions that might help you find your next opportunity. These professions include an analyst internship, investment associate, junior is analyst, and revenue analyst.

Associate Analyst Jobs You Might Like

Associate Analyst Resume Examples

Associate Analyst Skills and Personality Traits

We calculated that 12% of Associate Analysts are proficient in Procedures, Customer Service, and Powerpoint. 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:

  • Procedures, 12%

    Monitor information by establishing ongoing procedures to collect and review information needed to manage an organization or ongoing activities within it.

  • 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, 6%

    Prepared and presented PowerPoint presentations regarding selling techniques and goal setting.

  • Financial Statements, 6%

    Analyzed financial statements, updated models and opinions, developed alternative valuation models, communicated with management and initiated coverage.

  • Data Analysis, 6%

    Co-developed analytic modeling to manage data and streamline data analysis using SQL.

  • Healthcare, 5%

    Evaluated claims experience and forecast future renewal rates for Coventry Healthcare of Kansas' fifteen largest groups.

Most associate analysts list "procedures," "customer service," and "powerpoint" as skills on their resumes. We go into more details on the most important associate analyst responsibilities here:

  • The most important skills for an associate analyst to have in this position are computer skills. In this excerpt that we gathered from a associate analyst resume, you'll understand why: "financial analysts must be adept at using software packages to analyze financial data, see trends, create portfolios, and make forecasts." According to resumes we found, computer skills can be used by a associate analyst in order to "maintain and upgrade computer (pc) generated database systems for production and forecasting analysis. "
  • Another trait important for fulfilling associate analyst duties is math skills. According to a associate analyst resume, "financial analysts use mathematical skills when estimating the value of financial securities." Here's an example of how associate analysts are able to utilize math skills: "assisted the credit approval process based on the industry research, company s background and quantitative credit analysis. "
  • Another skill that is quite popular among associate analysts is detail oriented. This skill is very critical to fulfilling every day responsibilities as is shown in this example from a associate analyst resume: "financial analysts must pay attention to details when reviewing possible investments, as small issues may have large implications for the health of an investment." 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. "
  • In order for certain associate analyst responsibilities to be completed, the job requires the skill "analytical skills." According to an associate analyst resume, "financial analysts must process a range of information in finding profitable investments." As an example, this snippet was taken directly from a resume about how this skill applies: "perform fundamental credit analysis of financial guaranty insurance and reinsurance companies to determine insurance financial strength and debt ratings. "
  • Another common skill for an associate analyst to be able to utilize is "communication skills." Financial analysts must explain their recommendations to clients in clear language that clients can easily understand. An associate analyst demonstrated the need for this skill by putting this on their resume: "coordinate the follow-up communication with vendor contacts to guarantee vendor attestations have been received and completed using sharepoint. "
  • See the full list of associate analyst skills.

    We've found that 71.7% of associate analysts have earned a bachelor's degree. Furthermore, 15.9% earned their master's degrees before becoming an associate analyst. While it's true that most associate analysts have a college degree, it's generally possible to become one with only a high school degree. In fact, one out of every nine associate analysts did not spend the extra money to attend college.

    Those associate analysts who do attend college, typically earn either business degrees or finance degrees. Less commonly earned degrees for associate analysts include economics degrees or accounting degrees.

    When you're ready to become an associate analyst, you might wonder which companies hire associate analysts. According to our research through associate analyst resumes, associate analysts are mostly hired by Citigroup, Deloitte, and XPO Logistics. Now is a good time to apply as Citigroup has 32 associate analysts job openings, and there are 32 at Deloitte and 8 at XPO Logistics.

    Since salary is important to some associate analysts, it's good to note that they are figured to earn the highest salaries at Deutsche Bank, Moody's, and Barclays Capital. If you were to take a closer look at Deutsche Bank, you'd find that the average associate analyst salary is $104,343. Then at Moody's, associate analysts receive an average salary of $101,941, while the salary at Barclays Capital is $101,214.

    View more details on associate analyst salaries across the United States.

    In general, associate analysts fulfill roles in the finance and technology industries. While employment numbers are high in those industries, the associate analyst annual salary is the highest in the finance industry with $88,626 as the average salary. Meanwhile, the energy and technology industries pay $81,594 and $63,138 respectively. This means that associate analysts who are employed in the finance industry make 46.2% more than associate analysts who work in the manufacturing Industry.

    The three companies that hire the most prestigious associate analysts are:

      What Analyst Internships Do

      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.

      We looked at the average associate analyst annual salary and compared it with the average of an analyst internship. Generally speaking, analyst interns receive $31,639 lower pay than associate analysts per year.

      Even though associate analysts and analyst interns have vast differences in their careers, a few of the skills required to do both jobs are similar. For example, both careers require customer service, financial statements, and data analysis in the day-to-day roles.

      As far as similarities go, this is where it ends because an associate analyst responsibility requires skills such as "procedures," "powerpoint," "healthcare," and "tableau." Whereas a analyst internship is skilled in "python," "c++," "analyze data," and "salesforce." So if you're looking for what truly separates the two careers, you've found it.

      Analyst interns receive the highest salaries in the professional industry coming in with an average yearly salary of $59,418. But associate analysts are paid more in the finance industry with an average salary of $88,626.

      Analyst interns tend to reach lower levels of education than associate analysts. In fact, analyst interns are 7.8% less likely to graduate with a Master's Degree and 0.2% less likely to have a Doctoral Degree.

      What Are The Duties Of an 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.

      Now we're going to look at the investment associate profession. On average, investment associates earn a $37,662 higher salary than associate analysts a year.

      While the salary may be different for these job positions, there is one similarity and that's a few of the skills needed to perform certain duties. We used info from lots of resumes to find that both associate analysts and investment associates are known to have skills such as "customer service," "powerpoint," and "financial statements. "

      In addition to the difference in salary, there are some other key differences that are worth noting. For example, associate analyst responsibilities are more likely to require skills like "procedures," "data analysis," "healthcare," and "tableau." Meanwhile, a investment associate might be skilled in areas such as "client service," "client relationships," "compliance requirements," and "wealth management." 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 $163,776. On the other side of things, associate analysts receive higher paychecks in the finance industry where they earn an average of $88,626.

      When it comes to the differences in education between the two professions, investment associates tend to reach similar levels of education than associate analysts. In fact, they're 1.0% less likely to graduate with a Master's Degree and 0.2% 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?

      Mark Holmgren

      Department Advisor and Associate Professor, Eastern Washington University

      As more people have worked from home due to the pandemic, there will be an increase in the number of jobs related to distance communication. There will be an increase in the efficiency of shipments to consumers. Jobs requiring knowledge of transportation models will be in high demand.Show more

      What technology do you think will become more important and prevalent for Associate Analysts in the next 3-5 years?

      Wendy Stock Ph.D.

      Professor of Economics, Associate Editor, Journal of Economic Education, Co-Director, MSU Initiative for Regulation and Applied Economic Analysis, Montana State University

      Of course, demand for people with online networking skills (Zoom, WebEx, and the like) will increase. Economics is increasingly a data-oriented field, and economics majors are increasingly trained in hands-on econometrics and data analysis.Show more

      How a Junior IS Analyst Compares

      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.

      Let's now take a look at the junior is analyst profession. On average, these workers make lower salaries than associate analysts with a $7,411 difference per year.

      While looking through the resumes of several associate analysts and junior is analysts we discovered that both professions have similar skills. These similarities include skills such as "procedures," "powerpoint," and "financial statements," but they differ when it comes to other required skills.

      There are many key differences between these two careers as shown by resumes from each profession. Some of those differences include the skills required to complete responsibilities within each role. As an example of this, an associate analyst is likely to be skilled in "customer service," "healthcare," "tableau," and "ensure compliance," while a typical junior is analyst is skilled in "dod," "pivot tables," "logistics," and "dhs."

      Junior is analysts make a very good living in the real estate industry with an average annual salary of $82,698. Whereas associate analysts are paid the highest salary in the finance industry with the average being $88,626.

      Junior is analysts typically study at lower levels compared with associate analysts. For example, they're 14.7% less likely to graduate with a Master's Degree, and 0.3% less likely to earn a Doctoral Degree.

      Description Of a 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.

      The fourth career we look at typically earns lower pay than associate analysts. On average, revenue analysts earn a difference of $5,676 lower per year.

      While both associate analysts and revenue analysts complete day-to-day tasks using similar skills like procedures, customer service, and financial statements, the two careers also vary in other skills.

      While some skills are shared by these professions, there are some differences to note. "powerpoint," "healthcare," "portfolio," and "tableau" are skills that have shown up on associate analysts resumes. Additionally, revenue analyst uses skills like revenue cycle, cpt, revenue management, and key performance indicators on their resumes.

      Revenue analysts earn a higher salary in the technology industry with an average of $70,573. Whereas, associate analysts earn the highest salary in the finance industry.

      The average resume of revenue analysts showed that they earn lower levels of education to associate analysts. So much so that the likelihood of them earning a Master's Degree is 8.8% less. Additionally, they're less likely to earn a Doctoral Degree by 0.6%.