Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between research analysts and market 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 market research analyst. Additionally, a research analyst has an average salary of $70,232, which is higher than the $51,688 average annual salary of a market research analyst.
The top three skills for a research analyst include data analysis, data collection and research projects. The most important skills for a market research analyst are powerpoint, data analysis, and SPSS.
| Research Analyst | Market Research Analyst | |
| Yearly salary | $70,232 | $51,688 |
| Hourly rate | $33.77 | $24.85 |
| Growth rate | 19% | 19% |
| Number of jobs | 81,374 | 71,240 |
| Job satisfaction | 4.5 | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 72% |
| 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.
A market research analyst is an individual who studies the market conditions so that he/she or she can examine the potential sales of an organization's product or service. Market research analysts are required to devise and evaluate methods for collecting data such as surveys, focus groups, and opinion polls. They must interpret the data they have collected and presented their findings to executives and clients to help them make better-informed decisions. Market research analysts are also required to create visuals of industry trends and competitors so the company can predict how it fares in the marketplace.
Research analysts and market research analysts have different pay scales, as shown below.
| Research Analyst | Market Research Analyst | |
| Average salary | $70,232 | $51,688 |
| Salary range | Between $45,000 And $107,000 | Between $36,000 And $73,000 |
| Highest paying City | Seattle, WA | Seattle, WA |
| Highest paying state | Washington | Delaware |
| Best paying company | The Citadel | Imply |
| Best paying industry | Finance | Technology |
There are a few differences between a research analyst and a market research analyst in terms of educational background:
| Research Analyst | Market Research Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between research analysts' and market research analysts' demographics:
| Research Analyst | Market Research Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 50.8% Female, 49.2% | Male, 51.2% Female, 48.8% |
| 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, 11.3% Asian, 14.3% White, 64.7% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 10% | 10% |