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The differences between rate analysts and associate 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 rate analyst and an associate analyst. Additionally, an associate analyst has an average salary of $68,161, which is higher than the $63,534 average annual salary of a rate analyst.
The top three skills for a rate analyst include powerpoint, tariffs and financial models. The most important skills for an associate analyst are customer service, powerpoint, and data analysis.
| Rate Analyst | Associate Analyst | |
| Yearly salary | $63,534 | $68,161 |
| Hourly rate | $30.55 | $32.77 |
| Growth rate | 9% | 9% |
| Number of jobs | 64,562 | 97,311 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 72% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
A rate analyst is responsible for conducting data and statistical analysis to evaluate the accurate service rates and charges for various commercial and industrial purposes. Rate analysts review the current market performance to generate rate reports and discuss service costs through comprehensive graphs and illustrations. They also analyze consumer demands and consider the factors that may affect the constant changes in charges. A rate analyst must have excellent communication and analytical skills, especially in ensuring that rate decisions comply with the regulatory guidelines and federal requirements.
An associate analyst is an individual who is responsible for the research and investigation for a specific business process and department to help the senior staff make further decisions. Associate analysts must use their analytical skills to understand how the collected data can affect business decisions, then prepare reports that detail findings and recommend solutions. They must assist in developing new business models that can generate profits while reducing costs. Associate analysts can work in various industries ranging from finance and operations to information technology (IT) and marketing.
Rate analysts and associate analysts have different pay scales, as shown below.
| Rate Analyst | Associate Analyst | |
| Average salary | $63,534 | $68,161 |
| Salary range | Between $44,000 And $91,000 | Between $47,000 And $98,000 |
| Highest paying City | Poughkeepsie, NY | San Francisco, CA |
| Highest paying state | New York | New York |
| Best paying company | Tri-State G&T | Apollo Global Management |
| Best paying industry | Health Care | Finance |
There are a few differences between a rate analyst and an associate analyst in terms of educational background:
| Rate Analyst | Associate Analyst | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between rate analysts' and associate analysts' demographics:
| Rate Analyst | Associate Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 52.0% Female, 48.0% | Male, 52.3% Female, 47.7% |
| Race ratio | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |