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The differences between funding analysts and contract 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 a contract analyst. Additionally, a funding analyst has an average salary of $82,744, which is higher than the $54,544 average annual salary of a contract analyst.
The top three skills for a funding analyst include financial statements, portfolio management and powerpoint. The most important skills for a contract analyst are customer service, contract management, and contract terms.
| Funding Analyst | Contract Analyst | |
| Yearly salary | $82,744 | $54,544 |
| Hourly rate | $39.78 | $26.22 |
| Growth rate | 9% | 9% |
| Number of jobs | 62,949 | 58,593 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 67% |
| 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.
A contract analyst is primarily in charge of thoroughly reviewing contract terms and conditions, negotiating and addressing changes on behalf of a company or an individual, and avoiding financial disadvantages or any disputes. They are responsible for consulting with clients, analyzing clauses and liabilities, recommending amendments, documenting all transactions, and monitoring every change in the contract. Furthermore, there are instances when a contract analyst must coordinate with all department officers, advising them of any significant changes that the contracts might bring.
Funding analysts and contract analysts have different pay scales, as shown below.
| Funding Analyst | Contract Analyst | |
| Average salary | $82,744 | $54,544 |
| Salary range | Between $48,000 And $142,000 | Between $39,000 And $74,000 |
| Highest paying City | New York, NY | Jersey City, NJ |
| Highest paying state | New York | New Jersey |
| Best paying company | PitchBook Data | AstraZeneca |
| Best paying industry | Finance | Pharmaceutical |
There are a few differences between a funding analyst and a contract analyst in terms of educational background:
| Funding Analyst | Contract Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 67% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between funding analysts' and contract analysts' demographics:
| Funding Analyst | Contract Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 57.4% Female, 42.6% | Male, 41.2% Female, 58.8% |
| 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% |