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The differences between industrial analysts and policy 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 policy analyst. Additionally, an industrial analyst has an average salary of $69,648, which is higher than the $66,359 average annual salary of a policy analyst.
The top three skills for an industrial analyst include macro, market research and quantitative analysis. The most important skills for a policy analyst are public policy, policy analysis, and policy issues.
| Industrial Analyst | Policy Analyst | |
| Yearly salary | $69,648 | $66,359 |
| Hourly rate | $33.48 | $31.90 |
| Growth rate | 11% | 11% |
| Number of jobs | 72,280 | 69,173 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 65% |
| 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.
Policy analysts are responsible for developing government policies and providing advice and briefing to senior management. These professionals work to influence both social and political decisions. They typically work in four key areas, including collecting information, analyzing policies, providing recommendations, and sharing information with government officials and the public. Additionally, they are also expected to consult with stakeholders to provide quantitative evidence supporting their policy. The rest of their time is spent on writing, reading, and analyzing information.
Industrial analysts and policy analysts have different pay scales, as shown below.
| Industrial Analyst | Policy Analyst | |
| Average salary | $69,648 | $66,359 |
| Salary range | Between $46,000 And $105,000 | Between $47,000 And $92,000 |
| Highest paying City | Washington, DC | Seattle, WA |
| Highest paying state | New York | Connecticut |
| Best paying company | The Citadel | Apple |
| Best paying industry | Government | Insurance |
There are a few differences between an industrial analyst and a policy analyst in terms of educational background:
| Industrial Analyst | Policy Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 65% |
| Most common major | Business | Political Science |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between industrial analysts' and policy analysts' demographics:
| Industrial Analyst | Policy Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 64.9% Female, 35.1% | Male, 46.1% Female, 53.9% |
| 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, 8.4% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 12.1% White, 65.7% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |