Forecasting analyst vs senior analyst

The differences between forecasting analysts and senior analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a forecasting analyst, becoming a senior analyst takes usually requires 2-4 years. Additionally, a senior analyst has an average salary of $84,799, which is higher than the $69,708 average annual salary of a forecasting analyst.

The top three skills for a forecasting analyst include supply chain, SQL and data analysis. The most important skills for a senior analyst are analytics, data analysis, and tableau.

Forecasting analyst vs senior analyst overview

	Forecasting Analyst	Senior Analyst
Yearly salary	$69,708	$84,799
Hourly rate	$33.51	$40.77
Growth rate	19%	11%
Number of jobs	31,811	159,807
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 68%
Average age	37	44
Years of experience	6	4

What does a forecasting analyst do?

A forecasting analyst is responsible for predicting a business's future production and financial condition by analyzing the company's current data statistics. Forecasting analysts evaluate the company's sales performance, inventory levels, production speed, and turnaround time of deliverables. They also study the latest industry trends, identifying business opportunities from consumer demands and interests to develop revenue resources to maintain the business' financial stability. A forecasting analyst must have excellent communication and analytical skills, especially on creating report models and finance measurement accuracy.

What does a senior analyst do?

A senior analyst's responsibilities will vary in every organization or industry. However, their primary role is to gain an understanding of a company's strengths and weaknesses. Through this, they can devise strategies and determine new opportunities that would be significant in attaining financial gains and a more substantial client base. Furthermore, it is a senior analyst's responsibility to coordinate with various departments, and even clients, to establish a rapport that will be essential in gaining the needed information to catapult a company to its finest.

Forecasting analyst vs senior analyst salary

Forecasting analysts and senior analysts have different pay scales, as shown below.

	Forecasting Analyst	Senior Analyst
Average salary	$69,708	$84,799
Salary range	Between $53,000 And $90,000	Between $63,000 And $112,000
Highest paying City	Seattle, WA	San Francisco, CA
Highest paying state	Washington	New Jersey
Best paying company	Apple	The Citadel
Best paying industry	Manufacturing	Finance

Differences between forecasting analyst and senior analyst education

There are a few differences between a forecasting analyst and a senior analyst in terms of educational background:

	Forecasting Analyst	Senior Analyst
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 68%
Most common major	Business	Business
Most common college	University of Georgia	Northwestern University

Forecasting analyst vs senior analyst demographics

Here are the differences between forecasting analysts' and senior analysts' demographics:

	Forecasting Analyst	Senior Analyst
Average age	37	44
Gender ratio	Male, 55.3% Female, 44.7%	Male, 61.8% Female, 38.2%
Race ratio	Black or African American, 5.0% Unknown, 5.0% Hispanic or Latino, 11.9% Asian, 12.7% White, 65.3% American Indian and Alaska Native, 0.1%	Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.4% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2%
LGBT Percentage	10%	12%

Differences between forecasting analyst and senior analyst duties and responsibilities

Forecasting analyst example responsibilities.

Manage National/Global RFP project process by creating pricing models and coordinating pricing efforts of different ManpowerGroup brands.
Enter sales and freight information in company ERP software program.
Work with logistics to track shipments to distribution center and ensure customer delivery dates are met.
Develop and execute the POS and inventory forecasts and analysis for mass merchants and national /international sales accounts.
Create promotional, POS, & inventory reports for both domestic and international accounts and submit to company each week.
Utilize Nielsen data to create category reviews, new product presentations, and attend customer meetings to support customer category managers.

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Senior analyst example responsibilities.

Manage and lead a team through the verification and validation process to ensure ISO audit findings are permanently resolve.
Experience with the PMI methodology for project managing.
Lead developers with complex DB2 coding efforts reducing system overhead.
Ensure adequate liquidity in each fund while managing WAM exposure across treasury bills.
Manage all monthly and quarterly reporting for the pump segment of the company (PMI).
Manage reconciliations of accounts on monthly basis.

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Forecasting analyst vs senior analyst skills

Common forecasting analyst skills

Supply Chain, 9%
SQL, 9%
Data Analysis, 7%
Strong Analytical, 6%
SAS, 5%
Demand Planning, 5%

Common senior analyst skills

Analytics, 13%
Data Analysis, 6%
Tableau, 6%
Project Management, 5%
Strong Analytical, 4%
Power Bi, 4%

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Updated January 8, 2025

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