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The differences between contract researchers and market researchers 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 researcher. Additionally, a market researcher has an average salary of $52,309, 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 researcher are data analysis, primary research, and data collection.
| Contract Researcher | Market Researcher | |
| Yearly salary | $50,230 | $52,309 |
| Hourly rate | $24.15 | $25.15 |
| Growth rate | 19% | 19% |
| Number of jobs | 18,223 | 23,734 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 64% |
| 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.
In businesses, a market researcher is primarily responsible for performing market research and analysis. Although the extent of their duties usually depends on their place of employment, it typically includes coordinating with other experts, gathering and analyzing data, identifying new business opportunities, studying market activities, creating questionnaires, and developing test structures. Through their research findings, they must produce detailed reports and presentations for managers and even executives. Furthermore, as a market researcher, it is essential to understand the company's needs, including its vision and mission.
Contract researchers and market researchers have different pay scales, as shown below.
| Contract Researcher | Market Researcher | |
| Average salary | $50,230 | $52,309 |
| Salary range | Between $20,000 And $122,000 | Between $32,000 And $84,000 |
| Highest paying City | - | Linden, NJ |
| Highest paying state | - | Delaware |
| Best paying company | - | Meta |
| Best paying industry | - | Automotive |
There are a few differences between a contract researcher and a market researcher in terms of educational background:
| Contract Researcher | Market Researcher | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between contract researchers' and market researchers' demographics:
| Contract Researcher | Market Researcher | |
| Average age | 37 | 37 |
| Gender ratio | Male, 51.5% Female, 48.5% | Male, 48.4% Female, 51.6% |
| 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, 4.9% Unknown, 4.9% Hispanic or Latino, 11.7% Asian, 14.0% White, 64.3% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 10% | 10% |