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The differences between industrial analysts and technical business 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 technical business analyst. Additionally, a technical business analyst has an average salary of $81,757, 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 technical business analyst are project management, business analysis, and business processes.
| Industrial Analyst | Technical Business Analyst | |
| Yearly salary | $69,648 | $81,757 |
| Hourly rate | $33.48 | $39.31 |
| Growth rate | 11% | 11% |
| Number of jobs | 72,280 | 203,686 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 70% |
| 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.
As a technical business analyst, one oversees the technical business project and solution implementation. Technical business analysts work with the technical team members and stakeholders for the mapping, analysis, and documentation of business projects and processes. People in the business world consider them as market technicians, chartists, securities traders, or researchers. The job also involves the documentation of redesigned computer systems and applications. Skills in computer programming, leadership, communication, and management are necessary.
Industrial analysts and technical business analysts have different pay scales, as shown below.
| Industrial Analyst | Technical Business Analyst | |
| Average salary | $69,648 | $81,757 |
| Salary range | Between $46,000 And $105,000 | Between $62,000 And $106,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | New York | New Jersey |
| Best paying company | The Citadel | Meta |
| Best paying industry | Government | Technology |
There are a few differences between an industrial analyst and a technical business analyst in terms of educational background:
| Industrial Analyst | Technical Business Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between industrial analysts' and technical business analysts' demographics:
| Industrial Analyst | Technical Business Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 64.9% Female, 35.1% | Male, 53.2% Female, 46.8% |
| 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, 7.5% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.5% White, 64.8% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |