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The differences between research analysts and data research analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a research analyst and a data research analyst. Additionally, a research analyst has an average salary of $70,232, which is higher than the $57,865 average annual salary of a data research analyst.
The top three skills for a research analyst include data analysis, data collection and research projects. The most important skills for a data research analyst are data analysis, data collection, and patients.
| Research Analyst | Data Research Analyst | |
| Yearly salary | $70,232 | $57,865 |
| Hourly rate | $33.77 | $27.82 |
| Growth rate | 19% | 19% |
| Number of jobs | 81,374 | 135,144 |
| Job satisfaction | 4.5 | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 65% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
A research analyst is responsible for providing a company with insights and advice concerning finance, investments, and expenditures. Utilizing their analytical skills and extensive expertise in marketing, they analyze the trends and significant factors to conclude which decision should be the best to make. They can also take part in conducting an in-depth analysis of a business and examine which areas require improvement or has potential. Furthermore, they may work with a company or independently as a freelance analyst.
The job of a data research analyst focuses on the interpretation of research results. The results data research analysts gather is turned into information offering ways for business improvement. They collect data information from different sources then interpret their patterns and trends. These professionals prepare investigative reports on assets and securities for a client or in-house use. They need to develop skills in a good organization, excellent communication, attention to detail, and accuracy.
Research analysts and data research analysts have different pay scales, as shown below.
| Research Analyst | Data Research Analyst | |
| Average salary | $70,232 | $57,865 |
| Salary range | Between $45,000 And $107,000 | Between $40,000 And $81,000 |
| Highest paying City | Seattle, WA | Bellevue, WA |
| Highest paying state | Washington | Washington |
| Best paying company | The Citadel | Microsoft |
| Best paying industry | Finance | Finance |
There are a few differences between a research analyst and a data research analyst in terms of educational background:
| Research Analyst | Data Research Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between research analysts' and data research analysts' demographics:
| Research Analyst | Data Research Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 50.8% Female, 49.2% | Male, 48.4% Female, 51.6% |
| Race ratio | Black or African American, 4.7% Unknown, 4.9% Hispanic or Latino, 11.3% Asian, 14.3% White, 64.7% American Indian and Alaska Native, 0.1% | Black or African American, 4.7% Unknown, 4.9% Hispanic or Latino, 11.1% Asian, 14.0% White, 65.1% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 10% | 10% |