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The differences between economic analysts and real estate 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 a real estate analyst. Additionally, an economic analyst has an average salary of $72,501, which is higher than the $71,206 average annual salary of a real estate analyst.
The top three skills for an economic analyst include SQL, SAS and data analysis. The most important skills for a real estate analyst are financial analysis, asset management, and powerpoint.
| Economic Analyst | Real Estate Analyst | |
| Yearly salary | $72,501 | $71,206 |
| Hourly rate | $34.86 | $34.23 |
| Growth rate | 9% | 9% |
| Number of jobs | 81,768 | 35,450 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 78% |
| 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.
A Real Estate Analyst provides financial analysis in support of the financing, acquisition, marketing, and leasing of a certain property. They also research and analyze new business opportunities.
Economic analysts and real estate analysts have different pay scales, as shown below.
| Economic Analyst | Real Estate Analyst | |
| Average salary | $72,501 | $71,206 |
| Salary range | Between $49,000 And $107,000 | Between $44,000 And $113,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | New Jersey | Connecticut |
| Best paying company | The Citadel | McKinsey & Company Inc |
| Best paying industry | Professional | Finance |
There are a few differences between an economic analyst and a real estate analyst in terms of educational background:
| Economic Analyst | Real Estate Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 78% |
| Most common major | Economics | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between economic analysts' and real estate analysts' demographics:
| Economic Analyst | Real Estate Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 65.9% Female, 34.1% | Male, 66.8% Female, 33.2% |
| 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% |