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The differences between trade analysts and contract 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 contract analyst. Additionally, a trade analyst has an average salary of $78,714, which is higher than the $54,544 average annual salary of a contract analyst.
The top three skills for a trade analyst include portfolio, securities and process improvement. The most important skills for a contract analyst are customer service, contract management, and contract terms.
| Trade Analyst | Contract Analyst | |
| Yearly salary | $78,714 | $54,544 |
| Hourly rate | $37.84 | $26.22 |
| Growth rate | 9% | 9% |
| Number of jobs | 69,963 | 58,593 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 67% |
| Average age | 40 | 40 |
| 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 contract analyst is primarily in charge of thoroughly reviewing contract terms and conditions, negotiating and addressing changes on behalf of a company or an individual, and avoiding financial disadvantages or any disputes. They are responsible for consulting with clients, analyzing clauses and liabilities, recommending amendments, documenting all transactions, and monitoring every change in the contract. Furthermore, there are instances when a contract analyst must coordinate with all department officers, advising them of any significant changes that the contracts might bring.
Trade analysts and contract analysts have different pay scales, as shown below.
| Trade Analyst | Contract Analyst | |
| Average salary | $78,714 | $54,544 |
| Salary range | Between $50,000 And $121,000 | Between $39,000 And $74,000 |
| Highest paying City | Boston, MA | Jersey City, NJ |
| Highest paying state | Massachusetts | New Jersey |
| Best paying company | Crowell & Moring | AstraZeneca |
| Best paying industry | Finance | Pharmaceutical |
There are a few differences between a trade analyst and a contract analyst in terms of educational background:
| Trade Analyst | Contract Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between trade analysts' and contract analysts' demographics:
| Trade Analyst | Contract Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 61.7% Female, 38.3% | Male, 41.2% Female, 58.8% |
| 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, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |