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The differences between contract analysts and analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a contract analyst and an analyst. Additionally, an analyst has an average salary of $73,007, which is higher than the $54,544 average annual salary of a contract analyst.
The top three skills for a contract analyst include customer service, contract management and contract terms. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Contract Analyst | Analyst | |
| Yearly salary | $54,544 | $73,007 |
| Hourly rate | $26.22 | $35.10 |
| Growth rate | 9% | 11% |
| Number of jobs | 58,593 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 67% |
| Average age | 40 | 44 |
| Years of experience | 4 | 4 |
A contract analyst is primarily in charge of thoroughly reviewing contract terms and conditions, negotiating and addressing changes on behalf of a company or an individual, and avoiding financial disadvantages or any disputes. They are responsible for consulting with clients, analyzing clauses and liabilities, recommending amendments, documenting all transactions, and monitoring every change in the contract. Furthermore, there are instances when a contract analyst must coordinate with all department officers, advising them of any significant changes that the contracts might bring.
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.
Contract analysts and analysts have different pay scales, as shown below.
| Contract Analyst | Analyst | |
| Average salary | $54,544 | $73,007 |
| Salary range | Between $39,000 And $74,000 | Between $53,000 And $99,000 |
| Highest paying City | Jersey City, NJ | Jersey City, NJ |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | AstraZeneca | The Citadel |
| Best paying industry | Pharmaceutical | Technology |
There are a few differences between a contract analyst and an analyst in terms of educational background:
| Contract Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between contract analysts' and analysts' demographics:
| Contract Analyst | Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 41.2% Female, 58.8% | Male, 52.4% Female, 47.6% |
| Race ratio | 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% | 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% |