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The differences between development research analysts 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 development research analyst and a market research analyst. Additionally, a development research analyst has an average salary of $70,829, which is higher than the $51,688 average annual salary of a market research analyst.
The top three skills for a development research analyst include data analysis, SQL and R. The most important skills for a market research analyst are powerpoint, data analysis, and SPSS.
| Development Research Analyst | Market Research Analyst | |
| Yearly salary | $70,829 | $51,688 |
| Hourly rate | $34.05 | $24.85 |
| Growth rate | 19% | 19% |
| Number of jobs | 105,962 | 71,240 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 72% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
A development research analyst specializes in conducting research and analyses to help companies in making decisions or finding solutions against problem areas. As a development research analyst, it is their duty to understand and identify the project or the clients' needs, gather and analyze data from different sources, conduct interviews and surveys, perform assessments, and utilize the research findings to develop conclusions and recommendations. Moreover, a development research analyst usually works in a team setting, which requires an open communication line for successful outcomes.
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.
Development research analysts and market research analysts have different pay scales, as shown below.
| Development Research Analyst | Market Research Analyst | |
| Average salary | $70,829 | $51,688 |
| Salary range | Between $46,000 And $106,000 | Between $36,000 And $73,000 |
| Highest paying City | New York, NY | Seattle, WA |
| Highest paying state | Delaware | Delaware |
| Best paying company | T.D. Williamson | Imply |
| Best paying industry | Technology | Technology |
There are a few differences between a development research analyst and a market research analyst in terms of educational background:
| Development Research Analyst | Market Research Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between development research analysts' and market research analysts' demographics:
| Development Research Analyst | Market Research Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 50.8% Female, 49.2% | Male, 51.2% Female, 48.8% |
| Race ratio | Black or African American, 4.8% Unknown, 4.9% Hispanic or Latino, 11.4% Asian, 14.4% White, 64.4% 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% |