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The differences between forecasting analysts and senior marketing analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a forecasting analyst and a senior marketing analyst. Additionally, a senior marketing analyst has an average salary of $83,321, 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 marketing analyst are tableau, digital marketing, and SQL.
| Forecasting Analyst | Senior Marketing Analyst | |
| Yearly salary | $69,708 | $83,321 |
| Hourly rate | $33.51 | $40.06 |
| Growth rate | 19% | 19% |
| Number of jobs | 31,811 | 110,012 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 75% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
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.
A senior marketing analyst is an executive professional who directs and implements strategies for sales, advertising, and general market placement for a company. Senior marketing analysts are required to gather and analyze numerical data that covers areas such as demographics, consumer purchasing behavior, and consumer income. They use surveys and interpretive data to make assessments of current marketing initiatives within the company. Senior marketing analysts must also create detailed reports and present them to any brand managers within the company as well as marketing, advertising, and sales teams.
Forecasting analysts and senior marketing analysts have different pay scales, as shown below.
| Forecasting Analyst | Senior Marketing Analyst | |
| Average salary | $69,708 | $83,321 |
| Salary range | Between $53,000 And $90,000 | Between $63,000 And $109,000 |
| Highest paying City | Seattle, WA | San Francisco, CA |
| Highest paying state | Washington | Washington |
| Best paying company | Apple | Credit Karma |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a forecasting analyst and a senior marketing analyst in terms of educational background:
| Forecasting Analyst | Senior Marketing Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between forecasting analysts' and senior marketing analysts' demographics:
| Forecasting Analyst | Senior Marketing Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 55.3% Female, 44.7% | Male, 51.7% Female, 48.3% |
| 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, 4.7% Unknown, 4.9% Hispanic or Latino, 11.2% Asian, 14.1% White, 65.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 10% | 10% |