Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between material analysts and 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 material analyst, becoming an analyst takes usually requires 2-4 years. Additionally, an analyst has an average salary of $73,007, which is higher than the $66,092 average annual salary of a material analyst.
The top three skills for a material analyst include supply chain, logistics and MRP. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Material Analyst | Analyst | |
| Yearly salary | $66,092 | $73,007 |
| Hourly rate | $31.77 | $35.10 |
| Growth rate | 28% | 11% |
| Number of jobs | 48,758 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 67% |
| Average age | 48 | 44 |
| Years of experience | 6 | 4 |
A materials analyst is responsible for managing the assets and materials of an organization, ensuring the adequacy of office inventories to support business operational functions. Materials analysts identify cost-reduction materials by coordinating with trusted suppliers and third-party vendors. They handle the distribution of goods and order processes according to the company's supply chain management. A materials analyst must have excellent organizational and analytical skills, especially in conducting data and statistical analysis to obtain high-quality materials that would meet the customers' demands.
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Material analysts and analysts have different pay scales, as shown below.
| Material Analyst | Analyst | |
| Average salary | $66,092 | $73,007 |
| Salary range | Between $49,000 And $88,000 | Between $53,000 And $99,000 |
| Highest paying City | Union City, CA | Jersey City, NJ |
| Highest paying state | California | New Jersey |
| Best paying company | Micron Technology | The Citadel |
| Best paying industry | Automotive | Technology |
There are a few differences between a material analyst and an analyst in terms of educational background:
| Material Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between material analysts' and analysts' demographics:
| Material Analyst | Analyst | |
| Average age | 48 | 44 |
| Gender ratio | Male, 53.4% Female, 46.6% | Male, 52.4% Female, 47.6% |
| Race ratio | Black or African American, 9.0% Unknown, 4.4% Hispanic or Latino, 12.4% Asian, 7.8% White, 65.6% American Indian and Alaska Native, 0.8% | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |