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The differences between rate analysts and revenue 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 revenue analyst. Additionally, a revenue analyst has an average salary of $66,985, 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 revenue analyst are revenue cycle, customer service, and patients.
| Rate Analyst | Revenue Analyst | |
| Yearly salary | $63,534 | $66,985 |
| Hourly rate | $30.55 | $32.20 |
| Growth rate | 9% | 9% |
| Number of jobs | 64,562 | 65,034 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 69% |
| 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.
A revenue analyst is primarily in charge of analyzing a company's revenues and expenditures to help them make better business decisions. Their responsibilities revolve around tracking the company finances, gathering and recording data, producing progress reports, and identifying opportunities to boost sales and profits. There are also instances when a revenue analyst must devise plans to cut costs, recommend budgets, build models, develop revenue forecasts, and comply with the laws and regulations. Furthermore, it is also essential to implement the company's policies and guidelines to the team and every task involved.
Rate analysts and revenue analysts have different pay scales, as shown below.
| Rate Analyst | Revenue Analyst | |
| Average salary | $63,534 | $66,985 |
| Salary range | Between $44,000 And $91,000 | Between $48,000 And $91,000 |
| Highest paying City | Poughkeepsie, NY | San Francisco, CA |
| Highest paying state | New York | California |
| Best paying company | Tri-State G&T | |
| Best paying industry | Health Care | Technology |
There are a few differences between a rate analyst and a revenue analyst in terms of educational background:
| Rate Analyst | Revenue Analyst | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between rate analysts' and revenue analysts' demographics:
| Rate Analyst | Revenue Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 52.0% Female, 48.0% | Male, 42.3% Female, 57.7% |
| 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% |