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The differences between business associates and product analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a product analyst has an average salary of $79,316, which is higher than the $72,369 average annual salary of a business associate.
The top three skills for a business associate include customer service, patients and powerpoint. The most important skills for a product analyst are tableau, data analysis, and product management.
| Business Associate | Product Analyst | |
| Yearly salary | $72,369 | $79,316 |
| Hourly rate | $34.79 | $38.13 |
| Growth rate | -8% | 11% |
| Number of jobs | 60,886 | 176,369 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 73% |
| Average age | 44 | 44 |
| Years of experience | - | 4 |
Business associates are individuals who perform certain roles and duties that involve safeguarding protected health information on behalf of a covered entity. They perform several duties that include handling and managing claims administration and processing, data processing and analysis, and ensuring quality assurance. In addition, business associates conduct market research and identify prospective clients, and develop and implement client retention plans and sales strategies. They are also responsible for identifying new business partners and opportunities.
A product analyst job utilizes data analysis software and notates trends in market research. Primarily, analysts project the costs of product development and marketing. They think of the possibilities for profit and sales and monitor the performance of products on the market to come up with a better product. Their responsibilities include company product evaluation, product understanding, and product rating reviews. Familiarity with Microsoft Office Suite, strong communication skills, and proficiency in database software is necessary for this job.
Business associates and product analysts have different pay scales, as shown below.
| Business Associate | Product Analyst | |
| Average salary | $72,369 | $79,316 |
| Salary range | Between $46,000 And $111,000 | Between $56,000 And $111,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | California | Washington |
| Best paying company | The Citadel | Meta |
| Best paying industry | Finance | Technology |
There are a few differences between a business associate and a product analyst in terms of educational background:
| Business Associate | Product Analyst | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | University of Georgia |
Here are the differences between business associates' and product analysts' demographics:
| Business Associate | Product Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 38.2% Female, 61.8% | Male, 53.2% Female, 46.8% |
| Race ratio | Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.5% Asian, 14.6% White, 64.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 11% | 12% |