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The differences between economic research assistants and faculty research assistants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both an economic research assistant and a faculty research assistant. Additionally, an economic research assistant has an average salary of $59,920, which is higher than the $59,697 average annual salary of a faculty research assistant.
The top three skills for an economic research assistant include BLS, data collection and statistical data. The most important skills for a faculty research assistant are research faculty, C++, and biomedical.
| Economic Research Assistant | Faculty Research Assistant | |
| Yearly salary | $59,920 | $59,697 |
| Hourly rate | $28.81 | $28.70 |
| Growth rate | 6% | 17% |
| Number of jobs | 47,035 | 56,780 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 62% |
| Average age | 38 | 38 |
| Years of experience | 2 | 2 |
Working alongside economists and social scientists, an economic research assistant delves deeper into the principles, evolution, and current trends in the economy. They help develop surveys and polls that might help get citizens' thoughts on the economy and market. They must have ample knowledge of computers, data entry, and basic arithmetic and statistics to input data and acquire results immediately. They work to assist economists in providing citizens real-time reports on societal and economic trends, and market exchanges.
The main job of a faculty research assistant is to gather and log experimental data. Faculty research assistants analyze the statistical aspect of data sets. They prepare spreadsheets and graphs to portray research results. Their duties and responsibilities include the creation of posters and slides to aid researchers in presenting their findings. They need to develop skills in communication, technical, critical thinking, scheduling, and planning. Also, they must know how to maintain safety, quality, and infection control standards.
Economic research assistants and faculty research assistants have different pay scales, as shown below.
| Economic Research Assistant | Faculty Research Assistant | |
| Average salary | $59,920 | $59,697 |
| Salary range | Between $35,000 And $101,000 | Between $38,000 And $92,000 |
| Highest paying City | Boston, MA | Washington, DC |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | The George Washington University | |
| Best paying industry | Finance | Manufacturing |
There are a few differences between an economic research assistant and a faculty research assistant in terms of educational background:
| Economic Research Assistant | Faculty Research Assistant | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 62% |
| Most common major | Economics | Biology |
| Most common college | Harvard University | Harvard University |
Here are the differences between economic research assistants' and faculty research assistants' demographics:
| Economic Research Assistant | Faculty Research Assistant | |
| Average age | 38 | 38 |
| Gender ratio | Male, 54.6% Female, 45.4% | Male, 47.3% Female, 52.7% |
| Race ratio | Black or African American, 8.6% Unknown, 6.0% Hispanic or Latino, 15.3% Asian, 16.7% White, 52.4% American Indian and Alaska Native, 1.0% | Black or African American, 8.5% Unknown, 6.0% Hispanic or Latino, 15.1% Asian, 16.5% White, 52.8% American Indian and Alaska Native, 1.0% |
| LGBT Percentage | 8% | 8% |