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The differences between summer analysts and engineering 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 engineering analyst. Additionally, an engineering analyst has an average salary of $81,650, 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 engineering analyst are screaming frog, digital marketing, and google analytics.
| Summer Analyst | Engineering Analyst | |
| Yearly salary | $66,837 | $81,650 |
| Hourly rate | $32.13 | $39.25 |
| Growth rate | 9% | 5% |
| Number of jobs | 44,912 | 74,578 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 71% |
| Average age | 40 | 44 |
| 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 engineering analyst is responsible for evaluating project requirements and determining the efficiency of operational processes and production methods to support deliverables and produce high-quality business outputs. Engineering analysts assess the clients' specifications, including budget limitations and timetables, ensuring that the project strategies meet the clients' expectations. They also identify complexities, as well as potential risks, and develop recommendations to mitigate delays and complications on project terms. An engineering analyst creates comprehensive reports of their findings and suggestions, including their data analysis and other relevant information to improve business functions and maintain strong relationships with business partners.
Summer analysts and engineering analysts have different pay scales, as shown below.
| Summer Analyst | Engineering Analyst | |
| Average salary | $66,837 | $81,650 |
| Salary range | Between $43,000 And $102,000 | Between $59,000 And $111,000 |
| Highest paying City | - | San Francisco, CA |
| Highest paying state | - | New Hampshire |
| Best paying company | - | Meta |
| Best paying industry | - | Energy |
There are a few differences between a summer analyst and an engineering analyst in terms of educational background:
| Summer Analyst | Engineering Analyst | |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 71% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between summer analysts' and engineering analysts' demographics:
| Summer Analyst | Engineering Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 72.5% Female, 27.5% | Male, 67.5% Female, 32.5% |
| 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, 6.2% Unknown, 4.7% Hispanic or Latino, 8.8% Asian, 12.0% White, 67.7% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 7% | 11% |