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The differences between resource analysts and contract 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 resource analyst and a contract analyst. Additionally, a resource analyst has an average salary of $68,662, which is higher than the $54,544 average annual salary of a contract analyst.
The top three skills for a resource analyst include resource management, customer satisfaction and financial analysis. The most important skills for a contract analyst are customer service, contract management, and contract terms.
| Resource Analyst | Contract Analyst | |
| Yearly salary | $68,662 | $54,544 |
| Hourly rate | $33.01 | $26.22 |
| Growth rate | 11% | 9% |
| Number of jobs | 90,118 | 58,593 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 67% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
A resource analyst is responsible for conducting data and statistical analysis, analyzing trends research, and identifying cost-reduction opportunities that would generate revenues and increase profits. Resource analysts evaluate budgeting and financial transactions and implement strategical methodologies to improve business operations, project management, and customer relationships. They also monitor the resource management of the business by coordinating with third-party providers and the senior management to facilitate operational concerns and requests for collaborative partnerships with the clients.
A contract analyst is primarily in charge of thoroughly reviewing contract terms and conditions, negotiating and addressing changes on behalf of a company or an individual, and avoiding financial disadvantages or any disputes. They are responsible for consulting with clients, analyzing clauses and liabilities, recommending amendments, documenting all transactions, and monitoring every change in the contract. Furthermore, there are instances when a contract analyst must coordinate with all department officers, advising them of any significant changes that the contracts might bring.
Resource analysts and contract analysts have different pay scales, as shown below.
| Resource Analyst | Contract Analyst | |
| Average salary | $68,662 | $54,544 |
| Salary range | Between $48,000 And $97,000 | Between $39,000 And $74,000 |
| Highest paying City | Bethesda, MD | Jersey City, NJ |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | Mayo Clinic | AstraZeneca |
| Best paying industry | - | Pharmaceutical |
There are a few differences between a resource analyst and a contract analyst in terms of educational background:
| Resource Analyst | Contract Analyst | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between resource analysts' and contract analysts' demographics:
| Resource Analyst | Contract Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 46.3% Female, 53.7% | Male, 41.2% Female, 58.8% |
| Race ratio | Black or African American, 8.6% Unknown, 4.5% Hispanic or Latino, 9.3% Asian, 11.6% White, 65.9% American Indian and Alaska Native, 0.2% | 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 | 12% | 7% |