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The differences between market analysts and associate 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 market analyst, becoming an associate analyst takes usually requires 2-4 years. Additionally, an associate analyst has an average salary of $68,161, which is higher than the $61,606 average annual salary of a market analyst.
The top three skills for a market analyst include analytics, market research and provide management. The most important skills for an associate analyst are customer service, powerpoint, and data analysis.
| Market Analyst | Associate Analyst | |
| Yearly salary | $61,606 | $68,161 |
| Hourly rate | $29.62 | $32.77 |
| Growth rate | 19% | 9% |
| Number of jobs | 35,278 | 97,311 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 72% |
| Average age | 37 | 40 |
| Years of experience | 6 | 4 |
A market analyst is responsible for examining relevant information that will aid the organization to make informed decisions on market strategy. You will be responsible for assessing consumer preferences that will help the company decide how to advertise and market their products. Other typical duties that you will perform may include devising and evaluating methods for gathering data such as opinion polls, surveys, and questionnaires, interpreting the data and organizing this into statistical reports and tables, and creating visuals of industry trends.
An associate analyst is an individual who is responsible for the research and investigation for a specific business process and department to help the senior staff make further decisions. Associate analysts must use their analytical skills to understand how the collected data can affect business decisions, then prepare reports that detail findings and recommend solutions. They must assist in developing new business models that can generate profits while reducing costs. Associate analysts can work in various industries ranging from finance and operations to information technology (IT) and marketing.
Market analysts and associate analysts have different pay scales, as shown below.
| Market Analyst | Associate Analyst | |
| Average salary | $61,606 | $68,161 |
| Salary range | Between $41,000 And $90,000 | Between $47,000 And $98,000 |
| Highest paying City | Seattle, WA | San Francisco, CA |
| Highest paying state | Delaware | New York |
| Best paying company | Intuitive Surgical | Apollo Global Management |
| Best paying industry | Finance | Finance |
There are a few differences between a market analyst and an associate analyst in terms of educational background:
| Market Analyst | Associate Analyst | |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between market analysts' and associate analysts' demographics:
| Market Analyst | Associate Analyst | |
| Average age | 37 | 40 |
| Gender ratio | Male, 61.0% Female, 39.0% | Male, 52.3% Female, 47.7% |
| Race ratio | Black or African American, 4.8% Unknown, 4.9% Hispanic or Latino, 11.3% Asian, 14.4% White, 64.5% 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 | 10% | 7% |