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The differences between bank analysts and investment associates 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 investment associate. Additionally, an investment associate has an average salary of $127,205, 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 investment associate are powerpoint, customer service, and client service.
| Bank Analyst | Investment Associate | |
| Yearly salary | $85,532 | $127,205 |
| Hourly rate | $41.12 | $61.16 |
| Growth rate | 9% | 9% |
| Number of jobs | 62,983 | 39,012 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 79% |
| 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 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.
Bank analysts and investment associates have different pay scales, as shown below.
| Bank Analyst | Investment Associate | |
| Average salary | $85,532 | $127,205 |
| Salary range | Between $64,000 And $114,000 | Between $72,000 And $222,000 |
| Highest paying City | Philadelphia, PA | San Francisco, CA |
| Highest paying state | Pennsylvania | California |
| Best paying company | BGC Partners | Brookfield Properties |
| Best paying industry | Finance | Technology |
There are a few differences between a bank analyst and an investment associate in terms of educational background:
| Bank Analyst | Investment Associate | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 79% |
| Most common major | Business | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between bank analysts' and investment associates' demographics:
| Bank Analyst | Investment Associate | |
| Average age | 40 | 40 |
| Gender ratio | Male, 58.8% Female, 41.2% | Male, 60.2% Female, 39.8% |
| 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% |