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The differences between funding analysts and summer 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 summer analyst. Additionally, a funding analyst has an average salary of $82,744, which is higher than the $66,837 average annual salary of a summer analyst.
The top three skills for a funding analyst include financial statements, portfolio management and powerpoint. The most important skills for a summer analyst are strong analytical, financial statements, and capital markets.
| Funding Analyst | Summer Analyst | |
| Yearly salary | $82,744 | $66,837 |
| Hourly rate | $39.78 | $32.13 |
| Growth rate | 9% | 9% |
| Number of jobs | 62,949 | 44,912 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 80% |
| 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.
Summer analysts are people who undertake an internship within a banking institution. These professionals perform analyses of detailed financial and corporate information. They establish statistical exhibits analyzing comparative financial performance. It is their responsibility to create models illustrating projected financial results, which is of great value to the companies. The skills necessary for this job include knowledge of financial statements, equity, portfolio companies, and financial models. They should also develop due diligence, strong communication, asset allocation knowledge, and attention to detail.
Funding analysts and summer analysts have different pay scales, as shown below.
| Funding Analyst | Summer Analyst | |
| Average salary | $82,744 | $66,837 |
| Salary range | Between $48,000 And $142,000 | Between $43,000 And $102,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New York | - |
| Best paying company | PitchBook Data | - |
| Best paying industry | Finance | - |
There are a few differences between a funding analyst and a summer analyst in terms of educational background:
| Funding Analyst | Summer Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 80% |
| Most common major | Finance | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between funding analysts' and summer analysts' demographics:
| Funding Analyst | Summer Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 57.4% Female, 42.6% | Male, 72.5% Female, 27.5% |
| 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% |