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The differences between rate analysts and corporate finance 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 a corporate finance analyst. Additionally, a corporate finance analyst has an average salary of $76,023, 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 a corporate finance analyst are financial analysis, strong analytical, and financial models.
| Rate Analyst | Corporate Finance Analyst | |
| Yearly salary | $63,534 | $76,023 |
| Hourly rate | $30.55 | $36.55 |
| Growth rate | 9% | 9% |
| Number of jobs | 64,562 | 114,375 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 76% |
| 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.
Corporate finance analysts make significant business decisions based on the data they gather. Typically, corporate finance analysts work within an organization and support management decisions through actionable financial information. They monitor the taxes, expenses, financial statements, and other financial details of where the company sources its income. This position requires a formal qualification in accounting. It also necessitates the analyst to develop interpersonal skills, knowledge in information technology software, financial reporting skills, and experience in management.
Rate analysts and corporate finance analysts have different pay scales, as shown below.
| Rate Analyst | Corporate Finance Analyst | |
| Average salary | $63,534 | $76,023 |
| Salary range | Between $44,000 And $91,000 | Between $52,000 And $109,000 |
| Highest paying City | Poughkeepsie, NY | San Francisco, CA |
| Highest paying state | New York | Michigan |
| Best paying company | Tri-State G&T | |
| Best paying industry | Health Care | Finance |
There are a few differences between a rate analyst and a corporate finance analyst in terms of educational background:
| Rate Analyst | Corporate Finance Analyst | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between rate analysts' and corporate finance analysts' demographics:
| Rate Analyst | Corporate Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 52.0% Female, 48.0% | Male, 63.5% Female, 36.5% |
| 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% |