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The differences between commodity analysts and analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a commodity analyst, becoming an analyst takes usually requires 2-4 years. Additionally, a commodity analyst has an average salary of $87,261, which is higher than the $73,007 average annual salary of an analyst.
The top three skills for a commodity analyst include risk management, commodities and macro. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Commodity Analyst | Analyst | |
| Yearly salary | $87,261 | $73,007 |
| Hourly rate | $41.95 | $35.10 |
| Growth rate | 11% | 11% |
| Number of jobs | 11,130 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 67% |
| Average age | 48 | 44 |
| Years of experience | 6 | 4 |
A commodity analyst focuses on the raw material part of the stock market. This job can range from analyzing oil and electricity to soybeans and fruits. Typical tasks of a commodity analyst include monitoring the commodities and market industries, analyzing financial information, and drafting accurate reports for investors. This analyst requires at least a bachelor's degree in finance, economics, or a related field. Other qualifications include using computer software, a thorough knowledge of economics, and analytical skills.
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Commodity analysts and analysts have different pay scales, as shown below.
| Commodity Analyst | Analyst | |
| Average salary | $87,261 | $73,007 |
| Salary range | Between $63,000 And $119,000 | Between $53,000 And $99,000 |
| Highest paying City | Boston, MA | Jersey City, NJ |
| Highest paying state | Massachusetts | New Jersey |
| Best paying company | Apple | The Citadel |
| Best paying industry | Finance | Technology |
There are a few differences between a commodity analyst and an analyst in terms of educational background:
| Commodity Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between commodity analysts' and analysts' demographics:
| Commodity Analyst | Analyst | |
| Average age | 48 | 44 |
| Gender ratio | Male, 63.6% Female, 36.4% | Male, 52.4% Female, 47.6% |
| Race ratio | Black or African American, 9.1% Unknown, 4.4% Hispanic or Latino, 12.4% Asian, 7.8% White, 65.5% American Indian and Alaska Native, 0.8% | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |