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The differences between economic research analysts and data research analysts 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 a data research analyst. Additionally, an economic research analyst has an average salary of $78,261, which is higher than the $57,865 average annual salary of a data research analyst.
The top three skills for an economic research analyst include data analysis, stata and SAS. The most important skills for a data research analyst are data analysis, data collection, and patients.
| Economic Research Analyst | Data Research Analyst | |
| Yearly salary | $78,261 | $57,865 |
| Hourly rate | $37.63 | $27.82 |
| Growth rate | 19% | 19% |
| Number of jobs | 84,230 | 135,144 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 65% |
| 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.
The job of a data research analyst focuses on the interpretation of research results. The results data research analysts gather is turned into information offering ways for business improvement. They collect data information from different sources then interpret their patterns and trends. These professionals prepare investigative reports on assets and securities for a client or in-house use. They need to develop skills in a good organization, excellent communication, attention to detail, and accuracy.
Economic research analysts and data research analysts have different pay scales, as shown below.
| Economic Research Analyst | Data Research Analyst | |
| Average salary | $78,261 | $57,865 |
| Salary range | Between $53,000 And $114,000 | Between $40,000 And $81,000 |
| Highest paying City | Washington, DC | Bellevue, WA |
| Highest paying state | New Jersey | Washington |
| Best paying company | Ariad Pharmaceuticals | Microsoft |
| Best paying industry | Manufacturing | Finance |
There are a few differences between an economic research analyst and a data research analyst in terms of educational background:
| Economic Research Analyst | Data Research Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 65% |
| Most common major | Economics | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between economic research analysts' and data research analysts' demographics:
| Economic Research Analyst | Data Research Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 56.6% Female, 43.4% | Male, 48.4% Female, 51.6% |
| 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, 4.7% Unknown, 4.9% Hispanic or Latino, 11.1% Asian, 14.0% White, 65.1% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 10% | 10% |