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The differences between performance analysts and analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a performance analyst and an analyst. Additionally, a performance analyst has an average salary of $76,906, which is higher than the $73,007 average annual salary of an analyst.
The top three skills for a performance analyst include data analysis, powerpoint and visualization. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Performance Analyst | Analyst | |
| Yearly salary | $76,906 | $73,007 |
| Hourly rate | $36.97 | $35.10 |
| Growth rate | 11% | 11% |
| Number of jobs | 70,065 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
The duties of a performance analyst depend on one's place or industry employment. Typically, it is their responsibility to evaluate the performance of different systems within a company and review its financial history and activities. They must conduct extensive research and analysis, report findings, and provide advice on improving areas of concern. They may also assess the performances of employees and recommend additional forms of training if necessary. Furthermore, it is essential to adhere to all the policies and regulations of the company.
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.
Performance analysts and analysts have different pay scales, as shown below.
| Performance Analyst | Analyst | |
| Average salary | $76,906 | $73,007 |
| Salary range | Between $57,000 And $102,000 | Between $53,000 And $99,000 |
| Highest paying City | Seattle, WA | Jersey City, NJ |
| Highest paying state | Maryland | New Jersey |
| Best paying company | Meta | The Citadel |
| Best paying industry | Finance | Technology |
There are a few differences between a performance analyst and an analyst in terms of educational background:
| Performance Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between performance analysts' and analysts' demographics:
| Performance Analyst | Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 59.9% Female, 40.1% | Male, 52.4% Female, 47.6% |
| Race ratio | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.7% White, 64.5% American Indian and Alaska Native, 0.2% | 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 | 12% | 12% |