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The differences between commodity analysts and material analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a commodity analyst and a material analyst. Additionally, a commodity analyst has an average salary of $87,261, which is higher than the $66,092 average annual salary of a material analyst.
The top three skills for a commodity analyst include risk management, commodities and macro. The most important skills for a material analyst are supply chain, logistics, and MRP.
| Commodity Analyst | Material Analyst | |
| Yearly salary | $87,261 | $66,092 |
| Hourly rate | $41.95 | $31.77 |
| Growth rate | 11% | 28% |
| Number of jobs | 11,130 | 48,758 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 65% |
| Average age | 48 | 48 |
| Years of experience | 6 | 6 |
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.
A materials analyst is responsible for managing the assets and materials of an organization, ensuring the adequacy of office inventories to support business operational functions. Materials analysts identify cost-reduction materials by coordinating with trusted suppliers and third-party vendors. They handle the distribution of goods and order processes according to the company's supply chain management. A materials analyst must have excellent organizational and analytical skills, especially in conducting data and statistical analysis to obtain high-quality materials that would meet the customers' demands.
Commodity analysts and material analysts have different pay scales, as shown below.
| Commodity Analyst | Material Analyst | |
| Average salary | $87,261 | $66,092 |
| Salary range | Between $63,000 And $119,000 | Between $49,000 And $88,000 |
| Highest paying City | Boston, MA | Union City, CA |
| Highest paying state | Massachusetts | California |
| Best paying company | Apple | Micron Technology |
| Best paying industry | Finance | Automotive |
There are a few differences between a commodity analyst and a material analyst in terms of educational background:
| Commodity Analyst | Material Analyst | |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commodity analysts' and material analysts' demographics:
| Commodity Analyst | Material Analyst | |
| Average age | 48 | 48 |
| Gender ratio | Male, 63.6% Female, 36.4% | Male, 53.4% Female, 46.6% |
| 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, 9.0% Unknown, 4.4% Hispanic or Latino, 12.4% Asian, 7.8% White, 65.6% American Indian and Alaska Native, 0.8% |
| LGBT Percentage | 7% | 7% |