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The differences between investment banking analysts and contract 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 investment banking analyst and a contract analyst. Additionally, an investment banking analyst has an average salary of $60,598, which is higher than the $54,544 average annual salary of a contract analyst.
The top three skills for an investment banking analyst include financial models, discounted cash flow and healthcare. The most important skills for a contract analyst are customer service, contract management, and contract terms.
| Investment Banking Analyst | Contract Analyst | |
| Yearly salary | $60,598 | $54,544 |
| Hourly rate | $29.13 | $26.22 |
| Growth rate | 9% | 9% |
| Number of jobs | 52,791 | 58,593 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 83% | Bachelor's Degree, 67% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
An Investment Banking Analyst reviews and analyzes data for investment banking portfolios. They work with individuals and businesses to suggest potential investments for their clients.
A contract analyst is primarily in charge of thoroughly reviewing contract terms and conditions, negotiating and addressing changes on behalf of a company or an individual, and avoiding financial disadvantages or any disputes. They are responsible for consulting with clients, analyzing clauses and liabilities, recommending amendments, documenting all transactions, and monitoring every change in the contract. Furthermore, there are instances when a contract analyst must coordinate with all department officers, advising them of any significant changes that the contracts might bring.
Investment banking analysts and contract analysts have different pay scales, as shown below.
| Investment Banking Analyst | Contract Analyst | |
| Average salary | $60,598 | $54,544 |
| Salary range | Between $35,000 And $104,000 | Between $39,000 And $74,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | California | New Jersey |
| Best paying company | The Citadel | AstraZeneca |
| Best paying industry | Finance | Pharmaceutical |
There are a few differences between an investment banking analyst and a contract analyst in terms of educational background:
| Investment Banking Analyst | Contract Analyst | |
| Most common degree | Bachelor's Degree, 83% | Bachelor's Degree, 67% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between investment banking analysts' and contract analysts' demographics:
| Investment Banking Analyst | Contract Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 75.3% Female, 24.7% | Male, 41.2% Female, 58.8% |
| Race ratio | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |