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The differences between senior research analysts and junior is analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a senior research analyst, becoming a junior is analyst takes usually requires 2-4 years. Additionally, a senior research analyst has an average salary of $75,056, which is higher than the $65,296 average annual salary of a junior is analyst.
The top three skills for a senior research analyst include analytics, data analysis and data collection. The most important skills for a junior is analyst are powerpoint, data analysis, and portfolio.
| Senior Research Analyst | Junior IS Analyst | |
| Yearly salary | $75,056 | $65,296 |
| Hourly rate | $36.08 | $31.39 |
| Growth rate | 19% | 11% |
| Number of jobs | 71,891 | 92,477 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 75% |
| Average age | 37 | 44 |
| Years of experience | 6 | 4 |
The duties of a senior research analyst depend on one's line of work or industry of employment. Typically, their responsibilities revolve around coordinating with different departments to gather necessary data, performing research and analysis to identify consumer and market needs, finding new business opportunities, and devising strategies to optimize workflow and workforce processes. Furthermore, as a senior research analyst, it is essential to lead and encourage the team members and serve as a mentor to junior analysts, all while implementing the company's policies and regulations.
A junior IS analyst takes responsibility in making sure that databases are constructed appropriately and with access limits. IS analysts improve trading strategy with intermediaries through compensation information analysis. They handle financial claims payment as well as provider directory processes. Also, they develop dictionaries and provide technical support. They even perform due diligence for investment opportunities. The skills they need to have include management, information technology, and financial management.
Senior research analysts and junior is analysts have different pay scales, as shown below.
| Senior Research Analyst | Junior IS Analyst | |
| Average salary | $75,056 | $65,296 |
| Salary range | Between $57,000 And $98,000 | Between $45,000 And $93,000 |
| Highest paying City | Olympia, WA | Jersey City, NJ |
| Highest paying state | Washington | New Hampshire |
| Best paying company | JPMorgan Chase & Co. | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between a senior research analyst and a junior is analyst in terms of educational background:
| Senior Research Analyst | Junior IS Analyst | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between senior research analysts' and junior is analysts' demographics:
| Senior Research Analyst | Junior IS Analyst | |
| Average age | 37 | 44 |
| Gender ratio | Male, 54.1% Female, 45.9% | Male, 60.3% Female, 39.7% |
| Race ratio | Black or African American, 4.7% Unknown, 4.9% Hispanic or Latino, 11.2% Asian, 14.1% White, 65.0% American Indian and Alaska Native, 0.1% | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.7% White, 64.5% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 12% |