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The differences between summer analysts and associate 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 summer analyst and an associate analyst. Additionally, an associate analyst has an average salary of $68,161, which is higher than the $66,837 average annual salary of a summer analyst.
The top three skills for a summer analyst include strong analytical, financial statements and capital markets. The most important skills for an associate analyst are customer service, powerpoint, and data analysis.
| Summer Analyst | Associate Analyst | |
| Yearly salary | $66,837 | $68,161 |
| Hourly rate | $32.13 | $32.77 |
| Growth rate | 9% | 9% |
| Number of jobs | 44,912 | 97,311 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 72% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
Summer analysts are people who undertake an internship within a banking institution. These professionals perform analyses of detailed financial and corporate information. They establish statistical exhibits analyzing comparative financial performance. It is their responsibility to create models illustrating projected financial results, which is of great value to the companies. The skills necessary for this job include knowledge of financial statements, equity, portfolio companies, and financial models. They should also develop due diligence, strong communication, asset allocation knowledge, and attention to detail.
An associate analyst is an individual who is responsible for the research and investigation for a specific business process and department to help the senior staff make further decisions. Associate analysts must use their analytical skills to understand how the collected data can affect business decisions, then prepare reports that detail findings and recommend solutions. They must assist in developing new business models that can generate profits while reducing costs. Associate analysts can work in various industries ranging from finance and operations to information technology (IT) and marketing.
Summer analysts and associate analysts have different pay scales, as shown below.
| Summer Analyst | Associate Analyst | |
| Average salary | $66,837 | $68,161 |
| Salary range | Between $43,000 And $102,000 | Between $47,000 And $98,000 |
| Highest paying City | - | San Francisco, CA |
| Highest paying state | - | New York |
| Best paying company | - | Apollo Global Management |
| Best paying industry | - | Finance |
There are a few differences between a summer analyst and an associate analyst in terms of educational background:
| Summer Analyst | Associate Analyst | |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 72% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between summer analysts' and associate analysts' demographics:
| Summer Analyst | Associate Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 72.5% Female, 27.5% | Male, 52.3% Female, 47.7% |
| Race ratio | 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% | 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 | 7% | 7% |