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The differences between loan review analysts and analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a loan review analyst, becoming an analyst takes usually requires 2-4 years. Additionally, an analyst has an average salary of $73,007, which is higher than the $42,678 average annual salary of a loan review analyst.
The top three skills for a loan review analyst include financial statements, loan documentation and real estate. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Loan Review Analyst | Analyst | |
| Yearly salary | $42,678 | $73,007 |
| Hourly rate | $20.52 | $35.10 |
| Growth rate | 4% | 11% |
| Number of jobs | 26,042 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 67% |
| Average age | 45 | 44 |
| Years of experience | 6 | 4 |
A loan review analyst is a person who evaluates all credit documents and information needed. They are responsible for gaining approval and maintaining compliance under the credit or loan guidelines. A loan revies analyst prepares needed loan reports with the necessary information for approval and decision making. Furthermore, they are the ones who are assessing credit structures. Often, this career is for someone who has experience in credit analysis and assessment.
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Loan review analysts and analysts have different pay scales, as shown below.
| Loan Review Analyst | Analyst | |
| Average salary | $42,678 | $73,007 |
| Salary range | Between $25,000 And $72,000 | Between $53,000 And $99,000 |
| Highest paying City | Parsippany-Troy Hills, NJ | Jersey City, NJ |
| Highest paying state | Washington | New Jersey |
| Best paying company | CFA Institute | The Citadel |
| Best paying industry | Finance | Technology |
There are a few differences between a loan review analyst and an analyst in terms of educational background:
| Loan Review Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between loan review analysts' and analysts' demographics:
| Loan Review Analyst | Analyst | |
| Average age | 45 | 44 |
| Gender ratio | Male, 37.7% Female, 62.3% | Male, 52.4% Female, 47.6% |
| Race ratio | Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.4% White, 63.3% American Indian and Alaska Native, 0.5% | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 8% | 12% |