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The differences between demand planning analysts and 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 demand planning analyst and a research analyst. Additionally, a demand planning analyst has an average salary of $81,450, which is higher than the $70,232 average annual salary of a research analyst.
The top three skills for a demand planning analyst include demand planning, supply chain and continuous improvement. The most important skills for a research analyst are data analysis, data collection, and research projects.
| Demand Planning Analyst | Research Analyst | |
| Yearly salary | $81,450 | $70,232 |
| Hourly rate | $39.16 | $33.77 |
| Growth rate | 19% | 19% |
| Number of jobs | 49,477 | 81,374 |
| Job satisfaction | 4 | 4.5 |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 70% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
A demand planning analyst is responsible for conducting data analysis by researching current market trends to identify resources for consumer demands and satisfaction. Demand planning analysts evaluate multiple sources on economic factors and product releases to determine demand projections and manage the adequacy of supply inventories. They also recommend store pullouts of outdated merchandise and determine potential replacements according to data results and product campaigns. A demand planning analyst must have excellent communication and analytical skills to calculate sales performance and strategize methods to increase revenues.
A research analyst is responsible for providing a company with insights and advice concerning finance, investments, and expenditures. Utilizing their analytical skills and extensive expertise in marketing, they analyze the trends and significant factors to conclude which decision should be the best to make. They can also take part in conducting an in-depth analysis of a business and examine which areas require improvement or has potential. Furthermore, they may work with a company or independently as a freelance analyst.
Demand planning analysts and research analysts have different pay scales, as shown below.
| Demand Planning Analyst | Research Analyst | |
| Average salary | $81,450 | $70,232 |
| Salary range | Between $63,000 And $104,000 | Between $45,000 And $107,000 |
| Highest paying City | Fremont, CA | Seattle, WA |
| Highest paying state | California | Washington |
| Best paying company | The Citadel | |
| Best paying industry | Retail | Finance |
There are a few differences between a demand planning analyst and a research analyst in terms of educational background:
| Demand Planning Analyst | Research Analyst | |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between demand planning analysts' and research analysts' demographics:
| Demand Planning Analyst | Research Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 54.5% Female, 45.5% | Male, 50.8% Female, 49.2% |
| Race ratio | Black or African American, 4.8% Unknown, 4.9% Hispanic or Latino, 11.3% Asian, 14.4% White, 64.5% 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% |