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The differences between industrial analysts and senior 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 senior analyst. Additionally, a senior analyst has an average salary of $84,799, 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 senior analyst are analytics, data analysis, and tableau.
| Industrial Analyst | Senior Analyst | |
| Yearly salary | $69,648 | $84,799 |
| Hourly rate | $33.48 | $40.77 |
| Growth rate | 11% | 11% |
| Number of jobs | 72,280 | 159,807 |
| Job satisfaction | - | 5 |
| 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 senior analyst's responsibilities will vary in every organization or industry. However, their primary role is to gain an understanding of a company's strengths and weaknesses. Through this, they can devise strategies and determine new opportunities that would be significant in attaining financial gains and a more substantial client base. Furthermore, it is a senior analyst's responsibility to coordinate with various departments, and even clients, to establish a rapport that will be essential in gaining the needed information to catapult a company to its finest.
Industrial analysts and senior analysts have different pay scales, as shown below.
| Industrial Analyst | Senior Analyst | |
| Average salary | $69,648 | $84,799 |
| Salary range | Between $46,000 And $105,000 | Between $63,000 And $112,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | New York | New Jersey |
| Best paying company | The Citadel | The Citadel |
| Best paying industry | Government | Finance |
There are a few differences between an industrial analyst and a senior analyst in terms of educational background:
| Industrial Analyst | Senior 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 senior analysts' demographics:
| Industrial Analyst | Senior Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 64.9% Female, 35.1% | Male, 61.8% Female, 38.2% |
| 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, 7.4% Unknown, 4.4% Hispanic or Latino, 8.4% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |