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The differences between strategic analysts 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 strategic analyst and a research analyst. Additionally, a strategic analyst has an average salary of $79,476, which is higher than the $70,232 average annual salary of a research analyst.
The top three skills for a strategic analyst include data analysis, powerpoint and email marketing. The most important skills for a research analyst are data analysis, data collection, and research projects.
| Strategic Analyst | Research Analyst | |
| Yearly salary | $79,476 | $70,232 |
| Hourly rate | $38.21 | $33.77 |
| Growth rate | 19% | 19% |
| Number of jobs | 87,601 | 81,374 |
| Job satisfaction | - | 4.5 |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 70% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
Strategy analysts are professionals who lead the consulting sessions of organizations. The analysts do their duties with rate strategy proposals in line with corporate objectives. They manage a business, determine growth areas, and make model analysis for strategy recommendations. It is also their responsibility to utilize data to solve the primary problems of businesses. Also, they provide significant insights to help organizations. They need to develop skills in management, communication, strategic planning, and attention to detail.
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.
Strategic analysts and research analysts have different pay scales, as shown below.
| Strategic Analyst | Research Analyst | |
| Average salary | $79,476 | $70,232 |
| Salary range | Between $56,000 And $112,000 | Between $45,000 And $107,000 |
| Highest paying City | Redmond, WA | Seattle, WA |
| Highest paying state | Washington | Washington |
| Best paying company | Credit Karma | The Citadel |
| Best paying industry | Retail | Finance |
There are a few differences between a strategic analyst and a research analyst in terms of educational background:
| Strategic Analyst | Research Analyst | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between strategic analysts' and research analysts' demographics:
| Strategic Analyst | Research Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 56.3% Female, 43.7% | Male, 50.8% Female, 49.2% |
| 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% |