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The differences between credit analysts and equity analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a credit analyst, becoming an equity analyst takes usually requires 2-4 years. Additionally, an equity analyst has an average salary of $103,715, which is higher than the $61,422 average annual salary of a credit analyst.
The top three skills for a credit analyst include customer service, credit analysis and customer accounts. The most important skills for an equity analyst are financial models, equities, and discounted cash flow.
| Credit Analyst | Equity Analyst | |
| Yearly salary | $61,422 | $103,715 |
| Hourly rate | $29.53 | $49.86 |
| Growth rate | -5% | 9% |
| Number of jobs | 16,406 | 51,437 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 74% |
| Average age | 39 | 40 |
| Years of experience | 2 | 4 |
A credit analyst's role is to assess and determine a client's capacity to uphold financial obligations when applying for loans or credit programs. Working for creditors like banks and lending firms, a credit analyst must interpret and analyze financial data and personal records, identify inconsistencies and risks, and verify necessary documentation in support of loan committees. Furthermore, a credit analyst must also perform administrative tasks such as preparing reports and applications, fulfilling document requests, reaching out to clients, and coordinating with colleagues to assure accuracy in all operations.
An equity analyst's role is to help clients navigate through stocks and bonds using their expertise. In a company setting, their responsibilities revolve around performing extensive research and analysis on areas such as the stock market, coordinating with different departments to gather necessary data, identifying new opportunities, preparing and analyzing the company's financial records, and creating forecast models. Furthermore, as an equity analyst, it is essential to make recommendations in adherence to the company's policies and regulations, including its vision and mission.
Credit analysts and equity analysts have different pay scales, as shown below.
| Credit Analyst | Equity Analyst | |
| Average salary | $61,422 | $103,715 |
| Salary range | Between $40,000 And $93,000 | Between $68,000 And $157,000 |
| Highest paying City | New York, NY | Santa Rosa, CA |
| Highest paying state | New York | California |
| Best paying company | Apollo Global Management | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between a credit analyst and an equity analyst in terms of educational background:
| Credit Analyst | Equity Analyst | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 74% |
| Most common major | Business | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between credit analysts' and equity analysts' demographics:
| Credit Analyst | Equity Analyst | |
| Average age | 39 | 40 |
| Gender ratio | Male, 44.2% Female, 55.8% | Male, 77.0% Female, 23.0% |
| Race ratio | Black or African American, 7.7% Unknown, 2.6% Hispanic or Latino, 9.5% Asian, 10.5% White, 69.4% American Indian and Alaska Native, 0.3% | 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 | 11% | 7% |