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The differences between market analysts and summer 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 summer analyst takes usually requires 2-4 years. Additionally, a summer analyst has an average salary of $66,837, 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 summer analyst are strong analytical, financial statements, and capital markets.
| Market Analyst | Summer Analyst | |
| Yearly salary | $61,606 | $66,837 |
| Hourly rate | $29.62 | $32.13 |
| Growth rate | 19% | 9% |
| Number of jobs | 35,278 | 44,912 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 80% |
| 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.
Summer analysts are people who undertake an internship within a banking institution. These professionals perform analyses of detailed financial and corporate information. They establish statistical exhibits analyzing comparative financial performance. It is their responsibility to create models illustrating projected financial results, which is of great value to the companies. The skills necessary for this job include knowledge of financial statements, equity, portfolio companies, and financial models. They should also develop due diligence, strong communication, asset allocation knowledge, and attention to detail.
Market analysts and summer analysts have different pay scales, as shown below.
| Market Analyst | Summer Analyst | |
| Average salary | $61,606 | $66,837 |
| Salary range | Between $41,000 And $90,000 | Between $43,000 And $102,000 |
| Highest paying City | Seattle, WA | - |
| Highest paying state | Delaware | - |
| Best paying company | Intuitive Surgical | - |
| Best paying industry | Finance | - |
There are a few differences between a market analyst and a summer analyst in terms of educational background:
| Market Analyst | Summer Analyst | |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 80% |
| Most common major | Business | Finance |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between market analysts' and summer analysts' demographics:
| Market Analyst | Summer Analyst | |
| Average age | 37 | 40 |
| Gender ratio | Male, 61.0% Female, 39.0% | Male, 72.5% Female, 27.5% |
| 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% |