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The differences between trade analysts and business analyst-consultants 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 a business analyst-consultant. Additionally, a business analyst-consultant has an average salary of $90,127, which is higher than the $78,714 average annual salary of a trade analyst.
The top three skills for a trade analyst include portfolio, securities and process improvement. The most important skills for a business analyst-consultant are strong analytical, business process, and data analysis.
| Trade Analyst | Business Analyst-Consultant | |
| Yearly salary | $78,714 | $90,127 |
| Hourly rate | $37.84 | $43.33 |
| Growth rate | 9% | 11% |
| Number of jobs | 69,963 | 166,560 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 69% |
| 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.
A business analyst-consultant is responsible for overseeing the project management and ensuring that the operations meet the agreed-upon project deliverables. Business analyst-consultants closely coordinate with the clients for their specifications and requirements, monitoring the resources and processes for the project completion, and aligning those to the clients' budget goals. A business analyst-consultant helps the development team on strategizing techniques for brand promotions with minimal costs with maximum quality and productivity. They should have excellent communication and organizational skills, especially on identifying business opportunities to drive revenues and increase profitability.
Trade analysts and business analyst-consultants have different pay scales, as shown below.
| Trade Analyst | Business Analyst-Consultant | |
| Average salary | $78,714 | $90,127 |
| Salary range | Between $50,000 And $121,000 | Between $66,000 And $122,000 |
| Highest paying City | Boston, MA | Washington, DC |
| Highest paying state | Massachusetts | California |
| Best paying company | Crowell & Moring | BNY Mellon |
| Best paying industry | Finance | Finance |
There are a few differences between a trade analyst and a business analyst-consultant in terms of educational background:
| Trade Analyst | Business Analyst-Consultant | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between trade analysts' and business analyst-consultants' demographics:
| Trade Analyst | Business Analyst-Consultant | |
| Average age | 40 | 44 |
| Gender ratio | Male, 61.7% Female, 38.3% | Male, 53.1% Female, 46.9% |
| 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, 7.5% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.5% White, 64.9% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |