Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between investment banking associates 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 associate and a contract analyst. Additionally, an investment banking associate has an average salary of $119,967, which is higher than the $54,544 average annual salary of a contract analyst.
The top three skills for an investment banking associate include capital markets, healthcare and discounted cash flow. The most important skills for a contract analyst are customer service, contract management, and contract terms.
| Investment Banking Associate | Contract Analyst | |
| Yearly salary | $119,967 | $54,544 |
| Hourly rate | $57.68 | $26.22 |
| Growth rate | 9% | 9% |
| Number of jobs | 39,516 | 58,593 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 67% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
An investment banking associate is in charge of performing support tasks for clients, ensuring efficiency and client satisfaction. They are primarily responsible for identifying and meeting clients' needs, assisting them in reaching their financial goals. They typically determine investment opportunities for clients, putting financial histories and records into consideration. They must thoroughly discuss terms, helping clients gain a deep understanding of the subject while building positive relationships. Furthermore, an investment banking associate may perform clerical tasks such as processing documentation and payments, producing progress reports, and performing calls and correspondence.
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 associates and contract analysts have different pay scales, as shown below.
| Investment Banking Associate | Contract Analyst | |
| Average salary | $119,967 | $54,544 |
| Salary range | Between $73,000 And $195,000 | Between $39,000 And $74,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | Oregon | New Jersey |
| Best paying company | Bloomberg | AstraZeneca |
| Best paying industry | Finance | Pharmaceutical |
There are a few differences between an investment banking associate and a contract analyst in terms of educational background:
| Investment Banking Associate | Contract Analyst | |
| Most common degree | Bachelor's Degree, 66% | 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 associates' and contract analysts' demographics:
| Investment Banking Associate | Contract Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 78.6% Female, 21.4% | 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% |