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The differences between development research 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 development research analyst and a research analyst. Additionally, a development research analyst has an average salary of $70,829, which is higher than the $70,232 average annual salary of a research analyst.
The top three skills for a development research analyst include data analysis, SQL and R. The most important skills for a research analyst are data analysis, data collection, and research projects.
| Development Research Analyst | Research Analyst | |
| Yearly salary | $70,829 | $70,232 |
| Hourly rate | $34.05 | $33.77 |
| Growth rate | 19% | 19% |
| Number of jobs | 105,962 | 81,374 |
| Job satisfaction | - | 4.5 |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 70% |
| 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 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.
Development research analysts and research analysts have different pay scales, as shown below.
| Development Research Analyst | Research Analyst | |
| Average salary | $70,829 | $70,232 |
| Salary range | Between $46,000 And $106,000 | Between $45,000 And $107,000 |
| Highest paying City | New York, NY | Seattle, WA |
| Highest paying state | Delaware | Washington |
| Best paying company | T.D. Williamson | The Citadel |
| Best paying industry | Technology | Finance |
There are a few differences between a development research analyst and a research analyst in terms of educational background:
| Development Research Analyst | Research Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between development research analysts' and research analysts' demographics:
| Development Research Analyst | Research Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 50.8% Female, 49.2% | Male, 50.8% Female, 49.2% |
| 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% |