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The differences between patent analysts and bankruptcy specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a patent analyst and a bankruptcy specialist. Additionally, a patent analyst has an average salary of $77,926, which is higher than the $35,498 average annual salary of a bankruptcy specialist.
The top three skills for a patent analyst include search reports, technical aspects and medical devices. The most important skills for a bankruptcy specialist are relief, pacer, and foreclosure.
| Patent Analyst | Bankruptcy Specialist | |
| Yearly salary | $77,926 | $35,498 |
| Hourly rate | $37.46 | $17.07 |
| Growth rate | 10% | 10% |
| Number of jobs | 328 | 4,381 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 50% |
| Average age | 46 | 46 |
| Years of experience | 4 | 4 |
Being a patent analyst involves comparing products that are already in the market to new inventions and innovations. You will be responsible for ensuring and upholding government assurance of the originality and ownership of an invention. Patent analysis involves the examination of every aspect of an invention, including the blueprints, the pieces, the assembly, the raw material used, and etc. The role requires the evaluation of uses and specifications of an invention, classification, and then a written report based on the analysis.
The bankruptcy specialist is responsible for filing and documentation loan bankruptcy materials with the appropriate attorneys. They ensure full compliance with loan bankruptcy regulations and monitor accounts throughout the loan bankruptcy process to contact the appropriate party when necessary. A bankruptcy specialist might be an administrator or lawyer in a bankruptcy office and supports bankruptcy law. They are likely to evaluate state declaration and affidavits for legal progression, interact with customers and outside counsel about bankruptcy proceedings through written and verbal communication, and work with local counsel and upper management in effectively reviewing client's files.
Patent analysts and bankruptcy specialists have different pay scales, as shown below.
| Patent Analyst | Bankruptcy Specialist | |
| Average salary | $77,926 | $35,498 |
| Salary range | Between $46,000 And $129,000 | Between $27,000 And $46,000 |
| Highest paying City | Washington, DC | Norfolk, VA |
| Highest paying state | Massachusetts | California |
| Best paying company | Morrison & Foerster | The PNC Financial Services Group |
| Best paying industry | Technology | Finance |
There are a few differences between a patent analyst and a bankruptcy specialist in terms of educational background:
| Patent Analyst | Bankruptcy Specialist | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 50% |
| Most common major | Mechanical Engineering | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between patent analysts' and bankruptcy specialists' demographics:
| Patent Analyst | Bankruptcy Specialist | |
| Average age | 46 | 46 |
| Gender ratio | Male, 71.6% Female, 28.4% | Male, 31.0% Female, 69.0% |
| Race ratio | Black or African American, 5.5% Unknown, 4.4% Hispanic or Latino, 7.7% Asian, 6.3% White, 75.8% American Indian and Alaska Native, 0.3% | Black or African American, 5.7% Unknown, 4.4% Hispanic or Latino, 7.9% Asian, 6.5% White, 75.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 10% | 10% |