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The differences between commercial analysts and business analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a commercial analyst, becoming a business analyst takes usually requires 2-4 years. Additionally, a commercial analyst has an average salary of $83,036, which is higher than the $74,431 average annual salary of a business analyst.
The top three skills for a commercial analyst include portfolio, data analysis and financial statements. The most important skills for a business analyst are project management, data analysis, and business analysis.
| Commercial Analyst | Business Analyst | |
| Yearly salary | $83,036 | $74,431 |
| Hourly rate | $39.92 | $35.78 |
| Growth rate | 9% | 9% |
| Number of jobs | 54,953 | 170,514 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 71% |
| Average age | 39 | 44 |
| Years of experience | 2 | 4 |
A commercial analyst is responsible for evaluating the performance of business operations in the market, including consumer demands and sales analysis. Commercial analysts monitor the market trends, identifying business opportunities that would generate more revenue resources for the business, as well as developing strategic approaches to attract potential clients and maintain long-lasting business relationships. They also manage the company's financial stability, reviewing competitors' activities, and recommending methods to maximize production operations and achieve the highest customer satisfaction.
Business analysts are employees who are responsible for interpreting business data and coming up with business solutions. They are well-versed in whatever business the company is in, and they have strong business acumen. They collect data related to the business and then interpret and analyze the data. Business analysts should be able to conduct different levels of analyses and must also be able to create a sound study. Once the analysis is done, they provide recommendations or strategic direction to decision-makers that will help the business become sustainable and grow.
Commercial analysts and business analysts have different pay scales, as shown below.
| Commercial Analyst | Business Analyst | |
| Average salary | $83,036 | $74,431 |
| Salary range | Between $60,000 And $114,000 | Between $53,000 And $103,000 |
| Highest paying City | New York, NY | Mountain View, CA |
| Highest paying state | New York | Washington |
| Best paying company | Meta | The Citadel |
| Best paying industry | Energy | Finance |
There are a few differences between a commercial analyst and a business analyst in terms of educational background:
| Commercial Analyst | Business Analyst | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between commercial analysts' and business analysts' demographics:
| Commercial Analyst | Business Analyst | |
| Average age | 39 | 44 |
| Gender ratio | Male, 53.2% Female, 46.8% | Male, 53.9% Female, 46.1% |
| Race ratio | Black or African American, 8.1% Unknown, 2.7% Hispanic or Latino, 9.7% Asian, 10.7% White, 68.5% American Indian and Alaska Native, 0.3% | Black or African American, 6.2% Unknown, 4.7% Hispanic or Latino, 8.8% Asian, 12.0% White, 67.7% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 11% |