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The differences between bank analysts and junior is 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 a junior is analyst. Additionally, a bank analyst has an average salary of $85,532, which is higher than the $65,296 average annual salary of a junior is analyst.
The top three skills for a bank analyst include powerpoint, financial services and cash management. The most important skills for a junior is analyst are powerpoint, data analysis, and portfolio.
| Bank Analyst | Junior IS Analyst | |
| Yearly salary | $85,532 | $65,296 |
| Hourly rate | $41.12 | $31.39 |
| Growth rate | 9% | 11% |
| Number of jobs | 62,983 | 92,477 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 75% |
| 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.
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.
Bank analysts and junior is analysts have different pay scales, as shown below.
| Bank Analyst | Junior IS Analyst | |
| Average salary | $85,532 | $65,296 |
| Salary range | Between $64,000 And $114,000 | Between $45,000 And $93,000 |
| Highest paying City | Philadelphia, PA | Jersey City, NJ |
| Highest paying state | Pennsylvania | New Hampshire |
| Best paying company | BGC Partners | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between a bank analyst and a junior is analyst in terms of educational background:
| Bank Analyst | Junior IS Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between bank analysts' and junior is analysts' demographics:
| Bank Analyst | Junior IS Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 58.8% Female, 41.2% | Male, 60.3% Female, 39.7% |
| 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, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.7% White, 64.5% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |