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The differences between market analysts and junior is 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 a junior is analyst takes usually requires 2-4 years. Additionally, a junior is analyst has an average salary of $65,296, 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 a junior is analyst are powerpoint, data analysis, and portfolio.
| Market Analyst | Junior IS Analyst | |
| Yearly salary | $61,606 | $65,296 |
| Hourly rate | $29.62 | $31.39 |
| Growth rate | 19% | 11% |
| Number of jobs | 35,278 | 92,477 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 75% |
| Average age | 37 | 44 |
| 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.
A junior IS analyst takes responsibility in making sure that databases are constructed appropriately and with access limits. IS analysts improve trading strategy with intermediaries through compensation information analysis. They handle financial claims payment as well as provider directory processes. Also, they develop dictionaries and provide technical support. They even perform due diligence for investment opportunities. The skills they need to have include management, information technology, and financial management.
Market analysts and junior is analysts have different pay scales, as shown below.
| Market Analyst | Junior IS Analyst | |
| Average salary | $61,606 | $65,296 |
| Salary range | Between $41,000 And $90,000 | Between $45,000 And $93,000 |
| Highest paying City | Seattle, WA | Jersey City, NJ |
| Highest paying state | Delaware | New Hampshire |
| Best paying company | Intuitive Surgical | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between a market analyst and a junior is analyst in terms of educational background:
| Market Analyst | Junior IS Analyst | |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between market analysts' and junior is analysts' demographics:
| Market Analyst | Junior IS Analyst | |
| Average age | 37 | 44 |
| Gender ratio | Male, 61.0% Female, 39.0% | Male, 60.3% Female, 39.7% |
| 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, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.7% White, 64.5% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 12% |