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The differences between bank analysts and analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a bank analyst and an analyst. Additionally, a bank analyst has an average salary of $85,532, which is higher than the $73,007 average annual salary of an analyst.
The top three skills for a bank analyst include powerpoint, financial services and cash management. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Bank Analyst | Analyst | |
| Yearly salary | $85,532 | $73,007 |
| Hourly rate | $41.12 | $35.10 |
| Growth rate | 9% | 11% |
| Number of jobs | 62,983 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 67% |
| Average age | 40 | 44 |
| Years of experience | 4 | 4 |
Banking analysts are employees with a strong background in finance or economics. They are usually employed by companies that invest in other businesses, stocks, public offerings, or those looking to merge with other companies. They analyze the company's move and recommend the proper courses of action to ensure its success. They are expected to be updated with the current economic trends and industry changes. This will help them create sound recommendations for the company. Banking analysts should know how to mitigate risks and carve the best possible path for their company.
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.
Bank analysts and analysts have different pay scales, as shown below.
| Bank Analyst | Analyst | |
| Average salary | $85,532 | $73,007 |
| Salary range | Between $64,000 And $114,000 | Between $53,000 And $99,000 |
| Highest paying City | Philadelphia, PA | Jersey City, NJ |
| Highest paying state | Pennsylvania | New Jersey |
| Best paying company | BGC Partners | The Citadel |
| Best paying industry | Finance | Technology |
There are a few differences between a bank analyst and an analyst in terms of educational background:
| Bank Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between bank analysts' and analysts' demographics:
| Bank Analyst | Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 58.8% Female, 41.2% | Male, 52.4% Female, 47.6% |
| 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, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |