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The differences between research managers 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 manager and a research analyst. Additionally, a research manager has an average salary of $82,894, which is higher than the $70,232 average annual salary of a research analyst.
The top three skills for a research manager include market research, analytics and quantitative research. The most important skills for a research analyst are data analysis, data collection, and research projects.
| Research Manager | Research Analyst | |
| Yearly salary | $82,894 | $70,232 |
| Hourly rate | $39.85 | $33.77 |
| Growth rate | 19% | 19% |
| Number of jobs | 48,867 | 81,374 |
| Job satisfaction | - | 4.5 |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 70% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
A Research Manager performs research, data collection, and economic, statistical, and demographic analysis. They also determine and implement research and development strategies, policies, and plans.
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 managers and research analysts have different pay scales, as shown below.
| Research Manager | Research Analyst | |
| Average salary | $82,894 | $70,232 |
| Salary range | Between $51,000 And $133,000 | Between $45,000 And $107,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | Washington | Washington |
| Best paying company | Meta | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between a research manager and a research analyst in terms of educational background:
| Research Manager | Research Analyst | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between research managers' and research analysts' demographics:
| Research Manager | Research Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 47.9% Female, 52.1% | Male, 50.8% Female, 49.2% |
| Race ratio | Black or African American, 4.9% Unknown, 4.9% Hispanic or Latino, 11.6% Asian, 13.1% White, 65.4% 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% |