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The differences between bank analysts and revenue 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 revenue analyst. Additionally, a bank analyst has an average salary of $85,532, which is higher than the $66,985 average annual salary of a revenue analyst.
The top three skills for a bank analyst include powerpoint, financial services and cash management. The most important skills for a revenue analyst are revenue cycle, customer service, and patients.
| Bank Analyst | Revenue Analyst | |
| Yearly salary | $85,532 | $66,985 |
| Hourly rate | $41.12 | $32.20 |
| Growth rate | 9% | 9% |
| Number of jobs | 62,983 | 65,034 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 69% |
| 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.
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.
Bank analysts and revenue analysts have different pay scales, as shown below.
| Bank Analyst | Revenue Analyst | |
| Average salary | $85,532 | $66,985 |
| Salary range | Between $64,000 And $114,000 | Between $48,000 And $91,000 |
| Highest paying City | Philadelphia, PA | San Francisco, CA |
| Highest paying state | Pennsylvania | California |
| Best paying company | BGC Partners | |
| Best paying industry | Finance | Technology |
There are a few differences between a bank analyst and a revenue analyst in terms of educational background:
| Bank Analyst | Revenue Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between bank analysts' and revenue analysts' demographics:
| Bank Analyst | Revenue Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 58.8% Female, 41.2% | Male, 42.3% Female, 57.7% |
| 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, 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% |