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The differences between banking associates and investment analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a banking associate has an average salary of $81,890, which is higher than the $79,056 average annual salary of an investment analyst.
The top three skills for a banking associate include excellent interpersonal, strong customer service and financial transactions. The most important skills for an investment analyst are portfolio management, financial statements, and strong analytical.
| Banking Associate | Investment Analyst | |
| Yearly salary | $81,890 | $79,056 |
| Hourly rate | $39.37 | $38.01 |
| Growth rate | -12% | 9% |
| Number of jobs | 18,919 | 63,003 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 76% |
| Average age | 39 | 40 |
| Years of experience | - | 4 |
A banking associate's role is to build positive relationships with clients by performing support tasks. Their responsibilities revolve around greeting clients, processing requests and documentation, gathering and verifying requirements, responding to inquiries and concerns, and offering other services and products to clients. They may also produce progress reports, financial statements, coordinate with team members, and liaise with external agencies. Furthermore, as a banking associate, it is essential to handle issues and complaints, all while adhering to the bank's policies and regulations.
An Investment Analyst provides research and information to help traders, fund managers and stock brokers make decisions about investments. They are hired by companies, investment trusts, stock trading and brokerage firms, and insurance providers.
Banking associates and investment analysts have different pay scales, as shown below.
| Banking Associate | Investment Analyst | |
| Average salary | $81,890 | $79,056 |
| Salary range | Between $47,000 And $141,000 | Between $44,000 And $140,000 |
| Highest paying City | White Plains, NY | San Francisco, CA |
| Highest paying state | New York | New York |
| Best paying company | Citi | The Citadel |
| Best paying industry | Finance | Telecommunication |
There are a few differences between a banking associate and an investment analyst in terms of educational background:
| Banking Associate | Investment Analyst | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 76% |
| Most common major | Business | Finance |
| Most common college | - | University of Pennsylvania |
Here are the differences between banking associates' and investment analysts' demographics:
| Banking Associate | Investment Analyst | |
| Average age | 39 | 40 |
| Gender ratio | Male, 41.8% Female, 58.2% | Male, 70.1% Female, 29.9% |
| Race ratio | Black or African American, 10.1% Unknown, 3.5% Hispanic or Latino, 17.8% Asian, 7.4% White, 60.7% American Indian and Alaska Native, 0.6% | 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% |