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The differences between location analysts and research analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a location analyst and a research analyst. Additionally, a research analyst has an average salary of $70,232, which is higher than the $55,631 average annual salary of a location analyst.
The top three skills for a location analyst include data integrity issues, market trends and financial models. The most important skills for a research analyst are data analysis, data collection, and research projects.
| Location Analyst | Research Analyst | |
| Yearly salary | $55,631 | $70,232 |
| Hourly rate | $26.75 | $33.77 |
| Growth rate | 19% | 19% |
| Number of jobs | 13,519 | 81,374 |
| Job satisfaction | 5 | 4.5 |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 70% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
A location analyst is responsible for the many aspects of an organization's business operations. As a location analyst, you will be performing a variety of duties including property planning, marketing, and market intelligence, and site research. In addition, you will manage and facilitate the collection of data, map market share on behalf of corporate clients, and manage the requirements for location planning. You will also be responsible for generating sales forecasts for extensions and new stores, and interpreting and predicting consumer behavior using the latest analyst tools and templates.
A research analyst is responsible for providing a company with insights and advice concerning finance, investments, and expenditures. Utilizing their analytical skills and extensive expertise in marketing, they analyze the trends and significant factors to conclude which decision should be the best to make. They can also take part in conducting an in-depth analysis of a business and examine which areas require improvement or has potential. Furthermore, they may work with a company or independently as a freelance analyst.
Location analysts and research analysts have different pay scales, as shown below.
| Location Analyst | Research Analyst | |
| Average salary | $55,631 | $70,232 |
| Salary range | Between $38,000 And $79,000 | Between $45,000 And $107,000 |
| Highest paying City | - | Seattle, WA |
| Highest paying state | - | Washington |
| Best paying company | - | The Citadel |
| Best paying industry | - | Finance |
There are a few differences between a location analyst and a research analyst in terms of educational background:
| Location Analyst | Research Analyst | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Georgia |
Here are the differences between location analysts' and research analysts' demographics:
| Location Analyst | Research Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 36.0% Female, 64.0% | Male, 50.8% Female, 49.2% |
| Race ratio | Black or African American, 4.7% Unknown, 4.9% Hispanic or Latino, 11.2% Asian, 14.1% White, 65.1% American Indian and Alaska Native, 0.1% | Black or African American, 4.7% Unknown, 4.9% Hispanic or Latino, 11.3% Asian, 14.3% White, 64.7% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 10% | 10% |