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This is why I secretly avoid 1:1s with my manager!

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I've never thought of them as above or below each other. Just different. But I also think it varies depending on your industry, because those two positions do wildly different things depending on whether you're working in tech, business, science, etc.
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That’s a really good point. I work for Grainger which is an industrial supply or MRO company. I work on the merchandising side so working with information about suppliers and products. It seems a lot of roles are reviewing data regarding products, supply, or customer behavior and making recommendations to management. I just don’t understand why some roles are specialists and some are analysts on the same teams.
I agree with the comment above. I don't thik either of them are a "higher rank" persay. They are different roles and it does vary by company as well.