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The differences between contract analysts and revenue 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 revenue analyst. Additionally, a revenue analyst has an average salary of $66,985, 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 revenue analyst are revenue cycle, customer service, and patients.
| Contract Analyst | Revenue Analyst | |
| Yearly salary | $54,544 | $66,985 |
| Hourly rate | $26.22 | $32.20 |
| Growth rate | 9% | 9% |
| Number of jobs | 58,593 | 65,034 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 69% |
| 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.
A revenue analyst is primarily in charge of analyzing a company's revenues and expenditures to help them make better business decisions. Their responsibilities revolve around tracking the company finances, gathering and recording data, producing progress reports, and identifying opportunities to boost sales and profits. There are also instances when a revenue analyst must devise plans to cut costs, recommend budgets, build models, develop revenue forecasts, and comply with the laws and regulations. Furthermore, it is also essential to implement the company's policies and guidelines to the team and every task involved.
Contract analysts and revenue analysts have different pay scales, as shown below.
| Contract Analyst | Revenue Analyst | |
| Average salary | $54,544 | $66,985 |
| Salary range | Between $39,000 And $74,000 | Between $48,000 And $91,000 |
| Highest paying City | Jersey City, NJ | San Francisco, CA |
| Highest paying state | New Jersey | California |
| Best paying company | AstraZeneca | |
| Best paying industry | Pharmaceutical | Technology |
There are a few differences between a contract analyst and a revenue analyst in terms of educational background:
| Contract Analyst | Revenue Analyst | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between contract analysts' and revenue analysts' demographics:
| Contract Analyst | Revenue Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 41.2% Female, 58.8% | Male, 42.3% Female, 57.7% |
| 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% |