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The differences between bank analysts and equity 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 equity analyst. Additionally, an equity analyst has an average salary of $103,715, which is higher than the $85,532 average annual salary of a bank analyst.
The top three skills for a bank analyst include powerpoint, financial services and cash management. The most important skills for an equity analyst are financial models, equities, and discounted cash flow.
| Bank Analyst | Equity Analyst | |
| Yearly salary | $85,532 | $103,715 |
| Hourly rate | $41.12 | $49.86 |
| Growth rate | 9% | 9% |
| Number of jobs | 62,983 | 51,437 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 74% |
| Average age | 40 | 40 |
| 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.
An equity analyst's role is to help clients navigate through stocks and bonds using their expertise. In a company setting, their responsibilities revolve around performing extensive research and analysis on areas such as the stock market, coordinating with different departments to gather necessary data, identifying new opportunities, preparing and analyzing the company's financial records, and creating forecast models. Furthermore, as an equity analyst, it is essential to make recommendations in adherence to the company's policies and regulations, including its vision and mission.
Bank analysts and equity analysts have different pay scales, as shown below.
| Bank Analyst | Equity Analyst | |
| Average salary | $85,532 | $103,715 |
| Salary range | Between $64,000 And $114,000 | Between $68,000 And $157,000 |
| Highest paying City | Philadelphia, PA | Santa Rosa, CA |
| Highest paying state | Pennsylvania | California |
| Best paying company | BGC Partners | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between a bank analyst and an equity analyst in terms of educational background:
| Bank Analyst | Equity Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 74% |
| Most common major | Business | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between bank analysts' and equity analysts' demographics:
| Bank Analyst | Equity Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 58.8% Female, 41.2% | Male, 77.0% Female, 23.0% |
| 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, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |