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The differences between rate analysts and junior is 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 junior is analyst. Additionally, a junior is analyst has an average salary of $65,296, 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 junior is analyst are powerpoint, data analysis, and portfolio.
| Rate Analyst | Junior IS Analyst | |
| Yearly salary | $63,534 | $65,296 |
| Hourly rate | $30.55 | $31.39 |
| Growth rate | 9% | 11% |
| Number of jobs | 64,562 | 92,477 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 75% |
| Average age | 40 | 44 |
| 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.
A junior IS analyst takes responsibility in making sure that databases are constructed appropriately and with access limits. IS analysts improve trading strategy with intermediaries through compensation information analysis. They handle financial claims payment as well as provider directory processes. Also, they develop dictionaries and provide technical support. They even perform due diligence for investment opportunities. The skills they need to have include management, information technology, and financial management.
Rate analysts and junior is analysts have different pay scales, as shown below.
| Rate Analyst | Junior IS Analyst | |
| Average salary | $63,534 | $65,296 |
| Salary range | Between $44,000 And $91,000 | Between $45,000 And $93,000 |
| Highest paying City | Poughkeepsie, NY | Jersey City, NJ |
| Highest paying state | New York | New Hampshire |
| 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 a junior is analyst in terms of educational background:
| Rate Analyst | Junior IS Analyst | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between rate analysts' and junior is analysts' demographics:
| Rate Analyst | Junior IS Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 52.0% Female, 48.0% | Male, 60.3% Female, 39.7% |
| 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, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.7% White, 64.5% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |