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The differences between market research interns and senior 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 market research internship and a senior research analyst. Additionally, a senior research analyst has an average salary of $75,056, which is higher than the $35,920 average annual salary of a market research internship.
The top three skills for a market research internship include powerpoint, data analysis and research projects. The most important skills for a senior research analyst are analytics, data analysis, and data collection.
| Market Research Internship | Senior Research Analyst | |
| Yearly salary | $35,920 | $75,056 |
| Hourly rate | $17.27 | $36.08 |
| Growth rate | 19% | 19% |
| Number of jobs | 99,512 | 71,891 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 68% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
A Market Research Intern is responsible for conducting data and statistical analysis to evaluate market performance and identify opportunities to generate profits. Market Research Interns perform administrative duties under the supervision of a market research manager, such as writing and filing reports, organizing documents, researching trends, and designing participant surveys. A Market Research Intern must have excellent communication and analytical skills, especially in collecting accurate data and interpreting results.
The duties of a senior research analyst depend on one's line of work or industry of employment. Typically, their responsibilities revolve around coordinating with different departments to gather necessary data, performing research and analysis to identify consumer and market needs, finding new business opportunities, and devising strategies to optimize workflow and workforce processes. Furthermore, as a senior research analyst, it is essential to lead and encourage the team members and serve as a mentor to junior analysts, all while implementing the company's policies and regulations.
Market research interns and senior research analysts have different pay scales, as shown below.
| Market Research Internship | Senior Research Analyst | |
| Average salary | $35,920 | $75,056 |
| Salary range | Between $26,000 And $48,000 | Between $57,000 And $98,000 |
| Highest paying City | - | Olympia, WA |
| Highest paying state | - | Washington |
| Best paying company | - | JPMorgan Chase & Co. |
| Best paying industry | - | Finance |
There are a few differences between a market research internship and a senior research analyst in terms of educational background:
| Market Research Internship | Senior Research Analyst | |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between market research interns' and senior research analysts' demographics:
| Market Research Internship | Senior Research Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 52.5% Female, 47.5% | Male, 54.1% Female, 45.9% |
| Race ratio | Black or African American, 4.8% Unknown, 4.9% Hispanic or Latino, 11.3% Asian, 14.3% White, 64.6% American Indian and Alaska Native, 0.1% | Black or African American, 4.7% Unknown, 4.9% Hispanic or Latino, 11.2% Asian, 14.1% White, 65.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 10% | 10% |