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The differences between trade analysts and 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 trade analyst and an analyst. Additionally, a trade analyst has an average salary of $78,714, which is higher than the $73,007 average annual salary of an analyst.
The top three skills for a trade analyst include portfolio, securities and process improvement. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Trade Analyst | Analyst | |
| Yearly salary | $78,714 | $73,007 |
| Hourly rate | $37.84 | $35.10 |
| Growth rate | 9% | 11% |
| Number of jobs | 69,963 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 67% |
| Average age | 40 | 44 |
| Years of experience | 4 | 4 |
A trade analyst specializes in studying the stock market and its related fields. Utilizing their expertise in the market, they are responsible for determining the stocks to be bought or sold based on factors such as financial data and market status. It is also their responsibility to analyze and assess consumer and sales data within the company, coordinate with other analysts and trade managers, develop business plans and forecasts, and keep abreast of the government regulations.
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Trade analysts and analysts have different pay scales, as shown below.
| Trade Analyst | Analyst | |
| Average salary | $78,714 | $73,007 |
| Salary range | Between $50,000 And $121,000 | Between $53,000 And $99,000 |
| Highest paying City | Boston, MA | Jersey City, NJ |
| Highest paying state | Massachusetts | New Jersey |
| Best paying company | Crowell & Moring | The Citadel |
| Best paying industry | Finance | Technology |
There are a few differences between a trade analyst and an analyst in terms of educational background:
| Trade Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between trade analysts' and analysts' demographics:
| Trade Analyst | Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 61.7% Female, 38.3% | Male, 52.4% Female, 47.6% |
| 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, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |