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The differences between trade analysts and business 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 a business analyst. Additionally, a trade analyst has an average salary of $78,714, which is higher than the $74,431 average annual salary of a business analyst.
The top three skills for a trade analyst include portfolio, securities and process improvement. The most important skills for a business analyst are project management, data analysis, and business analysis.
| Trade Analyst | Business Analyst | |
| Yearly salary | $78,714 | $74,431 |
| Hourly rate | $37.84 | $35.78 |
| Growth rate | 9% | 9% |
| Number of jobs | 69,963 | 170,514 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 71% |
| 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.
Business analysts are employees who are responsible for interpreting business data and coming up with business solutions. They are well-versed in whatever business the company is in, and they have strong business acumen. They collect data related to the business and then interpret and analyze the data. Business analysts should be able to conduct different levels of analyses and must also be able to create a sound study. Once the analysis is done, they provide recommendations or strategic direction to decision-makers that will help the business become sustainable and grow.
Trade analysts and business analysts have different pay scales, as shown below.
| Trade Analyst | Business Analyst | |
| Average salary | $78,714 | $74,431 |
| Salary range | Between $50,000 And $121,000 | Between $53,000 And $103,000 |
| Highest paying City | Boston, MA | Mountain View, CA |
| Highest paying state | Massachusetts | Washington |
| Best paying company | Crowell & Moring | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between a trade analyst and a business analyst in terms of educational background:
| Trade Analyst | Business Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between trade analysts' and business analysts' demographics:
| Trade Analyst | Business Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 61.7% Female, 38.3% | Male, 53.9% Female, 46.1% |
| 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% |