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The differences between trade analysts and business & data 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 & data analyst. Additionally, a trade analyst has an average salary of $78,714, which is higher than the $75,461 average annual salary of a business & data analyst.
The top three skills for a trade analyst include portfolio, securities and process improvement. The most important skills for a business & data analyst are data analysis, power bi, and visualization.
| Trade Analyst | Business & Data Analyst | |
| Yearly salary | $78,714 | $75,461 |
| Hourly rate | $37.84 | $36.28 |
| Growth rate | 9% | 11% |
| Number of jobs | 69,963 | 188,716 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 66% |
| 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 and data analyst is an individual who specializes in utilizing different data-centered strategies in providing analytical services to a company or an organization. Their duties focus on conducting extensive market research and assessments, organizing studies using various techniques and approaches, gathering and analyzing data, performing risk assessments, and spearheading activities such as interviews and surveys. They use their research findings to create plans, establish business forecasts and models, and recommend solutions to optimize business operations.
Trade analysts and business & data analysts have different pay scales, as shown below.
| Trade Analyst | Business & Data Analyst | |
| Average salary | $78,714 | $75,461 |
| Salary range | Between $50,000 And $121,000 | Between $55,000 And $101,000 |
| Highest paying City | Boston, MA | Jersey City, NJ |
| Highest paying state | Massachusetts | New Jersey |
| Best paying company | Crowell & Moring | Meta |
| Best paying industry | Finance | Finance |
There are a few differences between a trade analyst and a business & data analyst in terms of educational background:
| Trade Analyst | Business & Data Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between trade analysts' and business & data analysts' demographics:
| Trade Analyst | Business & Data Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 61.7% Female, 38.3% | Male, 54.9% Female, 45.1% |
| 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, 7.5% Unknown, 4.5% Hispanic or Latino, 8.5% Asian, 14.6% White, 64.8% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |