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The differences between funding analysts and associate analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a funding analyst and an associate analyst. Additionally, a funding analyst has an average salary of $82,744, which is higher than the $68,161 average annual salary of an associate analyst.
The top three skills for a funding analyst include financial statements, portfolio management and powerpoint. The most important skills for an associate analyst are customer service, powerpoint, and data analysis.
| Funding Analyst | Associate Analyst | |
| Yearly salary | $82,744 | $68,161 |
| Hourly rate | $39.78 | $32.77 |
| Growth rate | 9% | 9% |
| Number of jobs | 62,949 | 97,311 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 72% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
A funding analyst is responsible for conducting financial data analysis and creating reports according to the market performance that will help a financial institution to determine cost estimates and mitigate financial risks. Funding analysts also review the organization's programs and sponsorships, ensuring the adequate allocation of funds and resources to support such activities. They identify business opportunities and other financial services to generate more clients and close deals that would drive more revenues and increase the company's profitability.
An associate analyst is an individual who is responsible for the research and investigation for a specific business process and department to help the senior staff make further decisions. Associate analysts must use their analytical skills to understand how the collected data can affect business decisions, then prepare reports that detail findings and recommend solutions. They must assist in developing new business models that can generate profits while reducing costs. Associate analysts can work in various industries ranging from finance and operations to information technology (IT) and marketing.
Funding analysts and associate analysts have different pay scales, as shown below.
| Funding Analyst | Associate Analyst | |
| Average salary | $82,744 | $68,161 |
| Salary range | Between $48,000 And $142,000 | Between $47,000 And $98,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | New York |
| Best paying company | PitchBook Data | Apollo Global Management |
| Best paying industry | Finance | Finance |
There are a few differences between a funding analyst and an associate analyst in terms of educational background:
| Funding Analyst | Associate Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 72% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between funding analysts' and associate analysts' demographics:
| Funding Analyst | Associate Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 57.4% Female, 42.6% | Male, 52.3% Female, 47.7% |
| Race ratio | 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% | 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 | 7% | 7% |