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The differences between contract researchers and market research 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 contract researcher and a market research analyst. Additionally, a market research analyst has an average salary of $51,688, which is higher than the $50,230 average annual salary of a contract researcher.
The top three skills for a contract researcher include R, database management and data collection. The most important skills for a market research analyst are powerpoint, data analysis, and SPSS.
| Contract Researcher | Market Research Analyst | |
| Yearly salary | $50,230 | $51,688 |
| Hourly rate | $24.15 | $24.85 |
| Growth rate | 19% | 19% |
| Number of jobs | 18,223 | 71,240 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 72% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
A Contract Researcher provides research support services for various industries, such as pharmaceutical and biotechnology. They are contracted by companies to lead the company's trials, duties, and functions.
A market research analyst is an individual who studies the market conditions so that he/she or she can examine the potential sales of an organization's product or service. Market research analysts are required to devise and evaluate methods for collecting data such as surveys, focus groups, and opinion polls. They must interpret the data they have collected and presented their findings to executives and clients to help them make better-informed decisions. Market research analysts are also required to create visuals of industry trends and competitors so the company can predict how it fares in the marketplace.
Contract researchers and market research analysts have different pay scales, as shown below.
| Contract Researcher | Market Research Analyst | |
| Average salary | $50,230 | $51,688 |
| Salary range | Between $20,000 And $122,000 | Between $36,000 And $73,000 |
| Highest paying City | - | Seattle, WA |
| Highest paying state | - | Delaware |
| Best paying company | - | Imply |
| Best paying industry | - | Technology |
There are a few differences between a contract researcher and a market research analyst in terms of educational background:
| Contract Researcher | Market Research Analyst | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between contract researchers' and market research analysts' demographics:
| Contract Researcher | Market Research Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 51.5% Female, 48.5% | Male, 51.2% Female, 48.8% |
| Race ratio | Black or African American, 4.8% Unknown, 4.9% Hispanic or Latino, 11.4% Asian, 14.5% White, 64.3% American Indian and Alaska Native, 0.1% | Black or African American, 4.7% Unknown, 4.9% Hispanic or Latino, 11.3% Asian, 14.3% White, 64.7% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 10% | 10% |