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Merchandise analyst vs senior research analyst

The differences between merchandise analysts 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 merchandise analyst and a senior research analyst. Additionally, a senior research analyst has an average salary of $75,056, which is higher than the $67,933 average annual salary of a merchandise analyst.

The top three skills for a merchandise analyst include powerpoint, SQL and data analysis. The most important skills for a senior research analyst are analytics, data analysis, and data collection.

Merchandise analyst vs senior research analyst overview

Merchandise AnalystSenior Research Analyst
Yearly salary$67,933$75,056
Hourly rate$32.66$36.08
Growth rate19%19%
Number of jobs38,12771,891
Job satisfaction--
Most common degreeBachelor's Degree, 83%Bachelor's Degree, 68%
Average age3737
Years of experience66

What does a merchandise analyst do?

A merchandise analyst is an individual who monitors inventory levels while following and charting the profits and sales of a store or company. Merchandise analysts are required to identify appropriate industry and product categories so that they can focus on maximizing the business of each store. They must review and analyze weekly advertisement results with team members to meet their sales goals as well as identify causes of high carryover and methods for reduction. Merchandise analysts must also use data analysis to identify markets and fine-tune merchandise.

What does a senior research analyst do?

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.

Merchandise analyst vs senior research analyst salary

Merchandise analysts and senior research analysts have different pay scales, as shown below.

Merchandise AnalystSenior Research Analyst
Average salary$67,933$75,056
Salary rangeBetween $49,000 And $92,000Between $57,000 And $98,000
Highest paying CitySeattle, WAOlympia, WA
Highest paying stateWashingtonWashington
Best paying companyMacy'sJPMorgan Chase & Co.
Best paying industryRetailFinance

Differences between merchandise analyst and senior research analyst education

There are a few differences between a merchandise analyst and a senior research analyst in terms of educational background:

Merchandise AnalystSenior Research Analyst
Most common degreeBachelor's Degree, 83%Bachelor's Degree, 68%
Most common majorBusinessBusiness
Most common collegeUniversity of GeorgiaUniversity of Georgia

Merchandise analyst vs senior research analyst demographics

Here are the differences between merchandise analysts' and senior research analysts' demographics:

Merchandise AnalystSenior Research Analyst
Average age3737
Gender ratioMale, 36.6% Female, 63.4%Male, 54.1% Female, 45.9%
Race ratioBlack or African American, 5.1% Unknown, 5.0% Hispanic or Latino, 12.2% Asian, 10.7% White, 66.9% 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 Percentage10%10%

Differences between merchandise analyst and senior research analyst duties and responsibilities

Merchandise analyst example responsibilities.

  • Manage a team of allocation analysts who distribute fashion jewelry to more than a thousand stores
  • Analyze and forecast sales, manage inventory levels and determine distribution strategy to all Marshalls stores.
  • Manage and maintain the OTB for specific departments by preparing forecasts, evaluating performance, and maximizing profitability while minimizing liabilities.
  • Allocate product to the appropriate stores using JDA system.
  • Analyze and allocate for women's intimate apparel, and accessories.
  • Analyze historical POS to create seasonal profiles for all items, allowing the system to more efficiently predict seasonal trends.
  • Show more

Senior research analyst example responsibilities.

  • Manage research department employees and resources, operational budget preparation and oversight.
  • Work with SAS to manipulate data and perform analysis by using macros, metadata, loops, counts and macro variables.
  • Develop and automate front-end data querying and reporting tools for client presentations and reports in VBA and SQL.
  • Conduct statistical analyses with SAS using grocery store scanner data of consumer package goods for test households throughout the U.S.
  • Develop and redesign SQL databases for condensation and reporting efficiency.
  • Analyze quantitative project data using SPSS and serve as statistical consultant for company.
  • Show more

Merchandise analyst vs senior research analyst skills

Common merchandise analyst skills
  • PowerPoint, 14%
  • SQL, 8%
  • Data Analysis, 7%
  • Digital Marketing, 5%
  • Gross Profit, 5%
  • Logistics, 4%
Common senior research analyst skills
  • Analytics, 7%
  • Data Analysis, 6%
  • Data Collection, 5%
  • PowerPoint, 5%
  • Research Projects, 4%
  • Healthcare, 4%

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