Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between contract analysts and planning 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 a planning analyst. Additionally, a planning analyst has an average salary of $68,137, 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 a planning analyst are project management, customer service, and data analysis.
| Contract Analyst | Planning Analyst | |
| Yearly salary | $54,544 | $68,137 |
| Hourly rate | $26.22 | $32.76 |
| Growth rate | 9% | 11% |
| Number of jobs | 58,593 | 92,380 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 73% |
| 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.
As a planning analyst, you will be responsible for designing and implementing a company's business and marketing strategies with the goal of driving profits and reducing costs. You will propose measures to enhance an organization's overall efficiency, and guide managers on ways to strengthen profit margins through risk awareness reduced costs, and increased revenues. Other duties include conducting risk analyses to identify areas of potential failure, maintaining the business continuity program, and handling internal and external corporate communications with the investment community and industry analysts.
Contract analysts and planning analysts have different pay scales, as shown below.
| Contract Analyst | Planning Analyst | |
| Average salary | $54,544 | $68,137 |
| Salary range | Between $39,000 And $74,000 | Between $49,000 And $93,000 |
| Highest paying City | Jersey City, NJ | Washington, DC |
| Highest paying state | New Jersey | Rhode Island |
| Best paying company | AstraZeneca | Meta |
| Best paying industry | Pharmaceutical | Automotive |
There are a few differences between a contract analyst and a planning analyst in terms of educational background:
| Contract Analyst | Planning Analyst | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between contract analysts' and planning analysts' demographics:
| Contract Analyst | Planning Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 41.2% Female, 58.8% | Male, 53.4% Female, 46.6% |
| 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, 8.0% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 12.6% White, 65.8% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |