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The differences between industrial analysts and planning 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 a planning analyst. Additionally, an industrial analyst has an average salary of $69,648, which is higher than the $68,137 average annual salary of a planning analyst.
The top three skills for an industrial analyst include macro, market research and quantitative analysis. The most important skills for a planning analyst are project management, customer service, and data analysis.
| Industrial Analyst | Planning Analyst | |
| Yearly salary | $69,648 | $68,137 |
| Hourly rate | $33.48 | $32.76 |
| Growth rate | 11% | 11% |
| Number of jobs | 72,280 | 92,380 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 73% |
| Average age | 44 | 44 |
| 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.
As a planning analyst, you will be responsible for designing and implementing a company's business and marketing strategies with the goal of driving profits and reducing costs. You will propose measures to enhance an organization's overall efficiency, and guide managers on ways to strengthen profit margins through risk awareness reduced costs, and increased revenues. Other duties include conducting risk analyses to identify areas of potential failure, maintaining the business continuity program, and handling internal and external corporate communications with the investment community and industry analysts.
Industrial analysts and planning analysts have different pay scales, as shown below.
| Industrial Analyst | Planning Analyst | |
| Average salary | $69,648 | $68,137 |
| Salary range | Between $46,000 And $105,000 | Between $49,000 And $93,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | New York | Rhode Island |
| Best paying company | The Citadel | Meta |
| Best paying industry | Government | Automotive |
There are a few differences between an industrial analyst and a planning analyst in terms of educational background:
| Industrial Analyst | Planning Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between industrial analysts' and planning analysts' demographics:
| Industrial Analyst | Planning Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 64.9% Female, 35.1% | Male, 53.4% Female, 46.6% |
| 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, 8.0% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 12.6% White, 65.8% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |