Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between industrial analysts and project 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 project analyst. Additionally, a project analyst has an average salary of $71,174, 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 project analyst are project management, data analysis, and customer service.
| Industrial Analyst | Project Analyst | |
| Yearly salary | $69,648 | $71,174 |
| Hourly rate | $33.48 | $34.22 |
| Growth rate | 11% | 11% |
| Number of jobs | 72,280 | 207,513 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 68% |
| 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 project analyst is responsible for overseeing the development of new projects upon completion of data gathering. A project analyst must provide plans and design the project to its full potential. For this, it is essential to conduct extensive research and coordinate with all staff and departments involved through regular reports and various forms of communication. Furthermore, a project analyst must devise strategies to improve particular projects for it to succeed and achieve better results, all in adherence to the company policies and regulations.
Industrial analysts and project analysts have different pay scales, as shown below.
| Industrial Analyst | Project Analyst | |
| Average salary | $69,648 | $71,174 |
| Salary range | Between $46,000 And $105,000 | Between $52,000 And $97,000 |
| Highest paying City | Washington, DC | Jersey City, NJ |
| Highest paying state | New York | New Jersey |
| Best paying company | The Citadel | |
| Best paying industry | Government | Manufacturing |
There are a few differences between an industrial analyst and a project analyst in terms of educational background:
| Industrial Analyst | Project Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between industrial analysts' and project analysts' demographics:
| Industrial Analyst | Project Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 64.9% Female, 35.1% | Male, 57.7% Female, 42.3% |
| 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, 13.7% White, 64.8% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |