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The differences between economic analysts and revenue 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 revenue analyst. Additionally, an economic analyst has an average salary of $72,501, which is higher than the $66,985 average annual salary of a revenue analyst.
The top three skills for an economic analyst include SQL, SAS and data analysis. The most important skills for a revenue analyst are revenue cycle, customer service, and patients.
| Economic Analyst | Revenue Analyst | |
| Yearly salary | $72,501 | $66,985 |
| Hourly rate | $34.86 | $32.20 |
| Growth rate | 9% | 9% |
| Number of jobs | 81,768 | 65,034 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 69% |
| 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 revenue analyst is primarily in charge of analyzing a company's revenues and expenditures to help them make better business decisions. Their responsibilities revolve around tracking the company finances, gathering and recording data, producing progress reports, and identifying opportunities to boost sales and profits. There are also instances when a revenue analyst must devise plans to cut costs, recommend budgets, build models, develop revenue forecasts, and comply with the laws and regulations. Furthermore, it is also essential to implement the company's policies and guidelines to the team and every task involved.
Economic analysts and revenue analysts have different pay scales, as shown below.
| Economic Analyst | Revenue Analyst | |
| Average salary | $72,501 | $66,985 |
| Salary range | Between $49,000 And $107,000 | Between $48,000 And $91,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | New Jersey | California |
| Best paying company | The Citadel | |
| Best paying industry | Professional | Technology |
There are a few differences between an economic analyst and a revenue analyst in terms of educational background:
| Economic Analyst | Revenue Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 69% |
| Most common major | Economics | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between economic analysts' and revenue analysts' demographics:
| Economic Analyst | Revenue Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 65.9% Female, 34.1% | Male, 42.3% Female, 57.7% |
| 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% |