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The differences between economic research analysts and analyst sales can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an economic research analyst and an analyst sales. Additionally, an economic research analyst has an average salary of $78,261, which is higher than the $69,093 average annual salary of an analyst sales.
The top three skills for an economic research analyst include data analysis, stata and SAS. The most important skills for an analyst sales are salesforce, customer service, and data analysis.
| Economic Research Analyst | Analyst Sales | |
| Yearly salary | $78,261 | $69,093 |
| Hourly rate | $37.63 | $33.22 |
| Growth rate | 19% | 19% |
| Number of jobs | 84,230 | 77,023 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 77% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
An economic research analyst uses modeling, qualitative analysis, and quantitative methods to gather and evaluate statistical data and economic data. They forecast patterns/trends and discuss economic phenomena by compiling data, analyzing data, reporting data, and applying statistical techniques and models. Besides formulating plans, policies, and recommendations to resolve economic issues, economic research analysts also work hand-in-hand with economists on matters relating to country strategy papers and policy-based loans. They provide research and background material needed in making effective policies.
Analyst sales, or a sales analyst, is an individual who is responsible for increasing sales and revenue of a company by running competitive analysis and making recommendations on how the marketing and sales team should move forward. Sales analysts must assist in the review of monthly financial statements and prepare complex financial statements for retail and service businesses. They develop and provide market intelligence data solutions for the sales team to maximize territory sales efforts. Sales analysts must also maintain a business relationship with key account top management to deliver outstanding customer service and assistance.
Economic research analysts and analyst sales have different pay scales, as shown below.
| Economic Research Analyst | Analyst Sales | |
| Average salary | $78,261 | $69,093 |
| Salary range | Between $53,000 And $114,000 | Between $47,000 And $99,000 |
| Highest paying City | Washington, DC | Seattle, WA |
| Highest paying state | New Jersey | Washington |
| Best paying company | Ariad Pharmaceuticals | |
| Best paying industry | Manufacturing | Finance |
There are a few differences between an economic research analyst and an analyst sales in terms of educational background:
| Economic Research Analyst | Analyst Sales | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 77% |
| Most common major | Economics | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between economic research analysts' and analyst sales' demographics:
| Economic Research Analyst | Analyst Sales | |
| Average age | 37 | 37 |
| Gender ratio | Male, 56.6% Female, 43.4% | Male, 51.0% Female, 49.0% |
| Race ratio | Black or African American, 4.8% Unknown, 4.9% Hispanic or Latino, 11.3% Asian, 14.3% White, 64.5% American Indian and Alaska Native, 0.1% | Black or African American, 5.0% Unknown, 5.0% Hispanic or Latino, 11.9% Asian, 13.0% White, 65.1% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 10% | 10% |