Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between rate analysts and summer 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 summer analyst. Additionally, a summer analyst has an average salary of $66,837, 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 summer analyst are strong analytical, financial statements, and capital markets.
| Rate Analyst | Summer Analyst | |
| Yearly salary | $63,534 | $66,837 |
| Hourly rate | $30.55 | $32.13 |
| Growth rate | 9% | 9% |
| Number of jobs | 64,562 | 44,912 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 80% |
| 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.
Summer analysts are people who undertake an internship within a banking institution. These professionals perform analyses of detailed financial and corporate information. They establish statistical exhibits analyzing comparative financial performance. It is their responsibility to create models illustrating projected financial results, which is of great value to the companies. The skills necessary for this job include knowledge of financial statements, equity, portfolio companies, and financial models. They should also develop due diligence, strong communication, asset allocation knowledge, and attention to detail.
Rate analysts and summer analysts have different pay scales, as shown below.
| Rate Analyst | Summer Analyst | |
| Average salary | $63,534 | $66,837 |
| Salary range | Between $44,000 And $91,000 | Between $43,000 And $102,000 |
| Highest paying City | Poughkeepsie, NY | - |
| Highest paying state | New York | - |
| Best paying company | Tri-State G&T | - |
| Best paying industry | Health Care | - |
There are a few differences between a rate analyst and a summer analyst in terms of educational background:
| Rate Analyst | Summer Analyst | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 80% |
| Most common major | Business | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between rate analysts' and summer analysts' demographics:
| Rate Analyst | Summer Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 52.0% Female, 48.0% | Male, 72.5% Female, 27.5% |
| 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% |