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The differences between commodity analysts and associate 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 associate analyst takes usually requires 2-4 years. Additionally, a commodity analyst has an average salary of $87,261, which is higher than the $68,161 average annual salary of an associate analyst.
The top three skills for a commodity analyst include risk management, commodities and macro. The most important skills for an associate analyst are customer service, powerpoint, and data analysis.
| Commodity Analyst | Associate Analyst | |
| Yearly salary | $87,261 | $68,161 |
| Hourly rate | $41.95 | $32.77 |
| Growth rate | 11% | 9% |
| Number of jobs | 11,130 | 97,311 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 72% |
| Average age | 48 | 40 |
| 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.
An associate analyst is an individual who is responsible for the research and investigation for a specific business process and department to help the senior staff make further decisions. Associate analysts must use their analytical skills to understand how the collected data can affect business decisions, then prepare reports that detail findings and recommend solutions. They must assist in developing new business models that can generate profits while reducing costs. Associate analysts can work in various industries ranging from finance and operations to information technology (IT) and marketing.
Commodity analysts and associate analysts have different pay scales, as shown below.
| Commodity Analyst | Associate Analyst | |
| Average salary | $87,261 | $68,161 |
| Salary range | Between $63,000 And $119,000 | Between $47,000 And $98,000 |
| Highest paying City | Boston, MA | San Francisco, CA |
| Highest paying state | Massachusetts | New York |
| Best paying company | Apple | Apollo Global Management |
| Best paying industry | Finance | Finance |
There are a few differences between a commodity analyst and an associate analyst in terms of educational background:
| Commodity Analyst | Associate Analyst | |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commodity analysts' and associate analysts' demographics:
| Commodity Analyst | Associate Analyst | |
| Average age | 48 | 40 |
| Gender ratio | Male, 63.6% Female, 36.4% | Male, 52.3% Female, 47.7% |
| 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, 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% |