Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between trade analysts and 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 data analyst. Additionally, a trade analyst has an average salary of $78,714, which is higher than the $74,342 average annual salary of a data analyst.
The top three skills for a trade analyst include portfolio, securities and process improvement. The most important skills for a data analyst are data analysis, python, and power bi.
| Trade Analyst | Data Analyst | |
| Yearly salary | $78,714 | $74,342 |
| Hourly rate | $37.84 | $35.74 |
| Growth rate | 9% | 11% |
| Number of jobs | 69,963 | 167,520 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 65% |
| 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.
Data analysts are responsible for interpreting the company's statistics and providing sound recommendations to the organization. They manage the organization's data sets, usually related to market performance, finance, or human resources. They are in charge of studying the available data, spotting trends, interpreting what the data and the trends mean, and recommending suggestions that will help the organization perform better. Their recommendations should also be relevant and backed up with strong analyses. Data analysts are expected to have a good grasp of the current market trends in the industry.
Trade analysts and data analysts have different pay scales, as shown below.
| Trade Analyst | Data Analyst | |
| Average salary | $78,714 | $74,342 |
| Salary range | Between $50,000 And $121,000 | Between $53,000 And $103,000 |
| Highest paying City | Boston, MA | Richmond, CA |
| Highest paying state | Massachusetts | New Jersey |
| Best paying company | Crowell & Moring | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between a trade analyst and a data analyst in terms of educational background:
| Trade Analyst | Data Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between trade analysts' and data analysts' demographics:
| Trade Analyst | Data Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 61.7% Female, 38.3% | Male, 50.2% Female, 49.8% |
| 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, 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% |