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The differences between research consultants and 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 consultant and a research analyst. Additionally, a research consultant has an average salary of $83,492, which is higher than the $70,232 average annual salary of a research analyst.
The top three skills for a research consultant include data collection, medicaid and business development. The most important skills for a research analyst are data analysis, data collection, and research projects.
| Research Consultant | Research Analyst | |
| Yearly salary | $83,492 | $70,232 |
| Hourly rate | $40.14 | $33.77 |
| Growth rate | 19% | 19% |
| Number of jobs | 61,865 | 81,374 |
| Job satisfaction | - | 4.5 |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 70% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
A research consultant is an individual who is responsible for collecting and analyzing multiple types of data across a variety of formats and present research reports for research and analytics companies, public institutions, and private businesses. Research consultants are required to design research strategies to complete the needs of research projects as well as create a basic plan of action for finding data. They may use online resources, phone surveys, and other data-collection methods to find and collect data. Research consultants must also assign investigative teams to verify and double-check the collected data.
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.
Research consultants and research analysts have different pay scales, as shown below.
| Research Consultant | Research Analyst | |
| Average salary | $83,492 | $70,232 |
| Salary range | Between $60,000 And $115,000 | Between $45,000 And $107,000 |
| Highest paying City | New York, NY | Seattle, WA |
| Highest paying state | New York | Washington |
| Best paying company | Microsoft | The Citadel |
| Best paying industry | Education | Finance |
There are a few differences between a research consultant and a research analyst in terms of educational background:
| Research Consultant | Research Analyst | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 70% |
| Most common major | Psychology | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between research consultants' and research analysts' demographics:
| Research Consultant | Research Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 48.2% Female, 51.8% | Male, 50.8% Female, 49.2% |
| Race ratio | 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% | 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% |