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The differences between industrial analysts and process 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 process analyst. Additionally, a process analyst has an average salary of $73,233, which is higher than the $69,648 average annual salary of an industrial analyst.
The top three skills for an industrial analyst include macro, market research and quantitative analysis. The most important skills for a process analyst are process improvement, project management, and customer service.
| Industrial Analyst | Process Analyst | |
| Yearly salary | $69,648 | $73,233 |
| Hourly rate | $33.48 | $35.21 |
| Growth rate | 11% | 11% |
| Number of jobs | 72,280 | 123,238 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 66% |
| 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.
A process analyst is also known as an operations research analyst, who evaluates in detail the steps in producing products and making important decisions as well as providing recommendations on how to enhance them. They are IT specialists that analyze the business process and workflows to determine how they can be computerized and improved. Responsibilities include identifying problems and risks as well as engaging in problem resolution. Important skills to consider for applicants include being innovative thinkers and goal-oriented.
Industrial analysts and process analysts have different pay scales, as shown below.
| Industrial Analyst | Process Analyst | |
| Average salary | $69,648 | $73,233 |
| Salary range | Between $46,000 And $105,000 | Between $49,000 And $108,000 |
| Highest paying City | Washington, DC | Santa Clara, CA |
| Highest paying state | New York | Connecticut |
| Best paying company | The Citadel | Apple |
| Best paying industry | Government | Finance |
There are a few differences between an industrial analyst and a process analyst in terms of educational background:
| Industrial Analyst | Process Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between industrial analysts' and process analysts' demographics:
| Industrial Analyst | Process Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 64.9% Female, 35.1% | Male, 50.8% Female, 49.2% |
| 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, 8.2% Unknown, 4.5% Hispanic or Latino, 9.0% Asian, 12.2% White, 66.0% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |