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The differences between economic research analysts and research managers 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 research manager. Additionally, a research manager has an average salary of $82,894, which is higher than the $78,261 average annual salary of an economic research analyst.
The top three skills for an economic research analyst include data analysis, stata and SAS. The most important skills for a research manager are market research, analytics, and quantitative research.
| Economic Research Analyst | Research Manager | |
| Yearly salary | $78,261 | $82,894 |
| Hourly rate | $37.63 | $39.85 |
| Growth rate | 19% | 19% |
| Number of jobs | 84,230 | 48,867 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 69% |
| 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.
A Research Manager performs research, data collection, and economic, statistical, and demographic analysis. They also determine and implement research and development strategies, policies, and plans.
Economic research analysts and research managers have different pay scales, as shown below.
| Economic Research Analyst | Research Manager | |
| Average salary | $78,261 | $82,894 |
| Salary range | Between $53,000 And $114,000 | Between $51,000 And $133,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | New Jersey | Washington |
| Best paying company | Ariad Pharmaceuticals | Meta |
| Best paying industry | Manufacturing | Finance |
There are a few differences between an economic research analyst and a research manager in terms of educational background:
| Economic Research Analyst | Research Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 69% |
| Most common major | Economics | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between economic research analysts' and research managers' demographics:
| Economic Research Analyst | Research Manager | |
| Average age | 37 | 37 |
| Gender ratio | Male, 56.6% Female, 43.4% | Male, 47.9% Female, 52.1% |
| 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, 4.9% Unknown, 4.9% Hispanic or Latino, 11.6% Asian, 13.1% White, 65.4% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 10% | 10% |