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The differences between trade analysts and business development 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 development analyst. Additionally, a trade analyst has an average salary of $78,714, which is higher than the $59,867 average annual salary of a business development analyst.
The top three skills for a trade analyst include portfolio, securities and process improvement. The most important skills for a business development analyst are business development, market research, and project management.
| Trade Analyst | Business Development Analyst | |
| Yearly salary | $78,714 | $59,867 |
| Hourly rate | $37.84 | $28.78 |
| Growth rate | 9% | 11% |
| Number of jobs | 69,963 | 185,387 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 74% |
| 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 development analyst's role is to perform research and analysis on the different operations and procedures in a company to ensure efficiency and profit growth. They are also responsible for devising strategies and improvements for optimal performance, monitoring the sales and customer feedback, identifying opportunities from the marketing trends, and building positive relationships with customers. They must also perform clerical tasks such as producing progress reports and presentations, maintaining data, and monitoring schedules. Furthermore, as a business development analyst, it is essential to adhere to the company's policies and regulations, including its vision, mission, and goals.
Trade analysts and business development analysts have different pay scales, as shown below.
| Trade Analyst | Business Development Analyst | |
| Average salary | $78,714 | $59,867 |
| Salary range | Between $50,000 And $121,000 | Between $39,000 And $91,000 |
| Highest paying City | Boston, MA | Seattle, WA |
| Highest paying state | Massachusetts | Washington |
| Best paying company | Crowell & Moring | Microsoft |
| Best paying industry | Finance | Technology |
There are a few differences between a trade analyst and a business development analyst in terms of educational background:
| Trade Analyst | Business Development Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between trade analysts' and business development analysts' demographics:
| Trade Analyst | Business Development Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 61.7% Female, 38.3% | Male, 61.1% Female, 38.9% |
| 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, 7.6% Unknown, 4.5% Hispanic or Latino, 8.5% Asian, 14.6% White, 64.7% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |