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The differences between directors of quantitative research and contract analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a director of quantitative research and a contract analyst. Additionally, a director of quantitative research has an average salary of $143,785, which is higher than the $54,544 average annual salary of a contract analyst.
The top three skills for a director of quantitative research include python, machine learning and quantitative research. The most important skills for a contract analyst are customer service, contract management, and contract terms.
| Director Of Quantitative Research | Contract Analyst | |
| Yearly salary | $143,785 | $54,544 |
| Hourly rate | $69.13 | $26.22 |
| Growth rate | 9% | 9% |
| Number of jobs | 51,503 | 58,593 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 67% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
A director of quantitative research is a management professional who is responsible for managing a group of experts who are involved in quantitative research. This director must develop data analysis strategies to assess projects while providing reports to their senior management to monitor the effectiveness of their current development activities. The director must conduct a quantitative analysis of the organization's financial data to track and monitor the performance of their operations. This director must also coordinate collaborative data collection efforts across the organization.
A contract analyst is primarily in charge of thoroughly reviewing contract terms and conditions, negotiating and addressing changes on behalf of a company or an individual, and avoiding financial disadvantages or any disputes. They are responsible for consulting with clients, analyzing clauses and liabilities, recommending amendments, documenting all transactions, and monitoring every change in the contract. Furthermore, there are instances when a contract analyst must coordinate with all department officers, advising them of any significant changes that the contracts might bring.
Directors of quantitative research and contract analysts have different pay scales, as shown below.
| Director Of Quantitative Research | Contract Analyst | |
| Average salary | $143,785 | $54,544 |
| Salary range | Between $101,000 And $203,000 | Between $39,000 And $74,000 |
| Highest paying City | Washington, DC | Jersey City, NJ |
| Highest paying state | New Hampshire | New Jersey |
| Best paying company | The Citadel | AstraZeneca |
| Best paying industry | Education | Pharmaceutical |
There are a few differences between a director of quantitative research and a contract analyst in terms of educational background:
| Director Of Quantitative Research | Contract Analyst | |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 67% |
| Most common major | Finance | Business |
| Most common college | University of Notre Dame | University of Pennsylvania |
Here are the differences between directors of quantitative research' and contract analysts' demographics:
| Director Of Quantitative Research | Contract Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 71.1% Female, 28.9% | Male, 41.2% Female, 58.8% |
| Race ratio | 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% | 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 | 7% | 7% |