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The differences between economic research analysts and revenue analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become an economic research analyst, becoming a revenue analyst takes usually requires 2-4 years. Additionally, an economic research analyst has an average salary of $78,261, which is higher than the $66,985 average annual salary of a revenue analyst.
The top three skills for an economic research analyst include data analysis, stata and SAS. The most important skills for a revenue analyst are revenue cycle, customer service, and patients.
| Economic Research Analyst | Revenue Analyst | |
| Yearly salary | $78,261 | $66,985 |
| Hourly rate | $37.63 | $32.20 |
| Growth rate | 19% | 9% |
| Number of jobs | 84,230 | 65,034 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 69% |
| Average age | 37 | 40 |
| Years of experience | 6 | 4 |
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 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 research analysts and revenue analysts have different pay scales, as shown below.
| Economic Research Analyst | Revenue Analyst | |
| Average salary | $78,261 | $66,985 |
| Salary range | Between $53,000 And $114,000 | Between $48,000 And $91,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | New Jersey | California |
| Best paying company | Ariad Pharmaceuticals | |
| Best paying industry | Manufacturing | Technology |
There are a few differences between an economic research analyst and a revenue analyst in terms of educational background:
| Economic Research Analyst | Revenue Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 69% |
| Most common major | Economics | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between economic research analysts' and revenue analysts' demographics:
| Economic Research Analyst | Revenue Analyst | |
| Average age | 37 | 40 |
| Gender ratio | Male, 56.6% Female, 43.4% | Male, 42.3% Female, 57.7% |
| 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, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 10% | 7% |