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The differences between contract analysts and associate 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 associate analyst. Additionally, an associate analyst has an average salary of $68,161, 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 associate analyst are customer service, powerpoint, and data analysis.
| Contract Analyst | Associate Analyst | |
| Yearly salary | $54,544 | $68,161 |
| Hourly rate | $26.22 | $32.77 |
| Growth rate | 9% | 9% |
| Number of jobs | 58,593 | 97,311 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 72% |
| Average age | 40 | 40 |
| 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.
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.
Contract analysts and associate analysts have different pay scales, as shown below.
| Contract Analyst | Associate Analyst | |
| Average salary | $54,544 | $68,161 |
| Salary range | Between $39,000 And $74,000 | Between $47,000 And $98,000 |
| Highest paying City | Jersey City, NJ | San Francisco, CA |
| Highest paying state | New Jersey | New York |
| Best paying company | AstraZeneca | Apollo Global Management |
| Best paying industry | Pharmaceutical | Finance |
There are a few differences between a contract analyst and an associate analyst in terms of educational background:
| Contract Analyst | Associate Analyst | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between contract analysts' and associate analysts' demographics:
| Contract Analyst | Associate Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 41.2% Female, 58.8% | Male, 52.3% Female, 47.7% |
| 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, 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% |