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The differences between rate analysts and equity 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 equity analyst. Additionally, an equity analyst has an average salary of $103,715, 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 equity analyst are financial models, equities, and discounted cash flow.
| Rate Analyst | Equity Analyst | |
| Yearly salary | $63,534 | $103,715 |
| Hourly rate | $30.55 | $49.86 |
| Growth rate | 9% | 9% |
| Number of jobs | 64,562 | 51,437 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 74% |
| 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 equity analyst's role is to help clients navigate through stocks and bonds using their expertise. In a company setting, their responsibilities revolve around performing extensive research and analysis on areas such as the stock market, coordinating with different departments to gather necessary data, identifying new opportunities, preparing and analyzing the company's financial records, and creating forecast models. Furthermore, as an equity analyst, it is essential to make recommendations in adherence to the company's policies and regulations, including its vision and mission.
Rate analysts and equity analysts have different pay scales, as shown below.
| Rate Analyst | Equity Analyst | |
| Average salary | $63,534 | $103,715 |
| Salary range | Between $44,000 And $91,000 | Between $68,000 And $157,000 |
| Highest paying City | Poughkeepsie, NY | Santa Rosa, CA |
| Highest paying state | New York | California |
| Best paying company | Tri-State G&T | The Citadel |
| Best paying industry | Health Care | Finance |
There are a few differences between a rate analyst and an equity analyst in terms of educational background:
| Rate Analyst | Equity Analyst | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 74% |
| Most common major | Business | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between rate analysts' and equity analysts' demographics:
| Rate Analyst | Equity Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 52.0% Female, 48.0% | Male, 77.0% Female, 23.0% |
| 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% |