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The differences between industrial analysts and tax preparers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an industrial analyst has an average salary of $69,648, which is higher than the $51,020 average annual salary of a tax preparer.
The top three skills for an industrial analyst include macro, market research and quantitative analysis. The most important skills for a tax preparer are customer service, good communication, and exceptional client.
| Industrial Analyst | Tax Preparer | |
| Yearly salary | $69,648 | $51,020 |
| Hourly rate | $33.48 | $24.53 |
| Growth rate | 11% | - |
| Number of jobs | 72,280 | 41,736 |
| Job satisfaction | - | 3 |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 46% |
| Average age | 44 | 47 |
| Years of experience | 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 tax preparer is responsible for preparing and processing the tax obligations of an organization. Tax preparers' duties include calculating tax returns, reviewing financial statements and make adjustments as needed, analyzing deductible expenses and credits, and adhering to the tax regulations and legislation procedures at all times. A tax preparer must have excellent knowledge of the tax processes and timely updated with the recent changes and updates within the financial industry. Tax preparers should have impeccable analytical and critical thinking skills to manage account statements for business and individual clients.
Industrial analysts and tax preparers have different pay scales, as shown below.
| Industrial Analyst | Tax Preparer | |
| Average salary | $69,648 | $51,020 |
| Salary range | Between $46,000 And $105,000 | Between $30,000 And $85,000 |
| Highest paying City | Washington, DC | San Francisco, CA |
| Highest paying state | New York | Rhode Island |
| Best paying company | The Citadel | Goldman Sachs |
| Best paying industry | Government | Finance |
There are a few differences between an industrial analyst and a tax preparer in terms of educational background:
| Industrial Analyst | Tax Preparer | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 46% |
| Most common major | Business | Accounting |
| Most common college | Northwestern University | University of Southern California |
Here are the differences between industrial analysts' and tax preparers' demographics:
| Industrial Analyst | Tax Preparer | |
| Average age | 44 | 47 |
| Gender ratio | Male, 64.9% Female, 35.1% | Male, 28.2% Female, 71.8% |
| 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, 10.9% Unknown, 4.1% Hispanic or Latino, 18.1% Asian, 10.3% White, 56.1% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 8% |