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The differences between economic analysts and equity analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an economic analyst and an equity analyst. Additionally, an equity analyst has an average salary of $103,715, which is higher than the $72,501 average annual salary of an economic analyst.
The top three skills for an economic analyst include SQL, SAS and data analysis. The most important skills for an equity analyst are financial models, equities, and discounted cash flow.
| Economic Analyst | Equity Analyst | |
| Yearly salary | $72,501 | $103,715 |
| Hourly rate | $34.86 | $49.86 |
| Growth rate | 9% | 9% |
| Number of jobs | 81,768 | 51,437 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 74% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
An economic analyst is in charge of observing and analyzing the economy's state to assist a company in its decision-making endeavors. Their responsibilities revolve around keeping track of different markets, learning the impact of politics and important events to the economy, gathering data from various departments, and creating business plans and forecasts based on the findings. Moreover, in a company setting, an economic analyst may produce progress reports and presentations, mentor younger analysts, and implement the company's policies and regulations.
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.
Economic analysts and equity analysts have different pay scales, as shown below.
| Economic Analyst | Equity Analyst | |
| Average salary | $72,501 | $103,715 |
| Salary range | Between $49,000 And $107,000 | Between $68,000 And $157,000 |
| Highest paying City | Washington, DC | Santa Rosa, CA |
| Highest paying state | New Jersey | California |
| Best paying company | The Citadel | The Citadel |
| Best paying industry | Professional | Finance |
There are a few differences between an economic analyst and an equity analyst in terms of educational background:
| Economic Analyst | Equity Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 74% |
| Most common major | Economics | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between economic analysts' and equity analysts' demographics:
| Economic Analyst | Equity Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 65.9% Female, 34.1% | Male, 77.0% Female, 23.0% |
| 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% |