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The differences between industrial 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 an industrial analyst and an associate analyst. Additionally, an industrial analyst has an average salary of $69,648, which is higher than the $68,161 average annual salary of an associate analyst.
The top three skills for an industrial analyst include macro, market research and quantitative analysis. The most important skills for an associate analyst are customer service, powerpoint, and data analysis.
| Industrial Analyst | Associate Analyst | |
| Yearly salary | $69,648 | $68,161 |
| Hourly rate | $33.48 | $32.77 |
| Growth rate | 11% | 9% |
| Number of jobs | 72,280 | 97,311 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 72% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
An industrial analyst has access to the financial information of investors in order to give data-based recommendations that can boost the income of financial programs. Some of the tasks an industrial analyst does are preparing forecasts, developing models for the industrial scale, create segment taxonomies, and drawing graphs, tables, and spreadsheets based on gathered information from researches to come up with comparisons and more accurate forecasts. Normally, they work for research and consulting firms, but some also perform private consultation services.
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.
Industrial analysts and associate analysts have different pay scales, as shown below.
| Industrial Analyst | Associate Analyst | |
| Average salary | $69,648 | $68,161 |
| Salary range | Between $46,000 And $105,000 | Between $47,000 And $98,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | New York | New York |
| Best paying company | The Citadel | Apollo Global Management |
| Best paying industry | Government | Finance |
There are a few differences between an industrial analyst and an associate analyst in terms of educational background:
| Industrial Analyst | Associate Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between industrial analysts' and associate analysts' demographics:
| Industrial Analyst | Associate Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 64.9% Female, 35.1% | Male, 52.3% Female, 47.7% |
| Race ratio | Black or African American, 7.5% Unknown, 4.5% Hispanic or Latino, 8.5% Asian, 14.5% White, 64.8% American Indian and Alaska Native, 0.2% | 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 | 12% | 7% |