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The differences between allocation analysts and pricing analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an allocation analyst and a pricing analyst. Additionally, an allocation analyst has an average salary of $65,773, which is higher than the $64,168 average annual salary of a pricing analyst.
The top three skills for an allocation analyst include allocation strategies, purchase orders and logistics. The most important skills for a pricing analyst are pricing strategy, strong analytical, and customer service.
| Allocation Analyst | Pricing Analyst | |
| Yearly salary | $65,773 | $64,168 |
| Hourly rate | $31.62 | $30.85 |
| Growth rate | 19% | 19% |
| Number of jobs | 8,917 | 73,462 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 75% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
In the retail industry, an allocation analyst is in charge of providing analytical services to optimize a company's supply chain operations. Among their responsibilities include performing market research and analysis, determining the customers' purchase needs, managing product inventory, coordinating with store managers, gathering and analyzing data from internal and external parties, keeping abreast with the latest trends, and developing strategies to reach sales and inventory targets. Moreover, an allocation analyst must maintain an active communication line with staff while enforcing and promoting the company's policies and regulations.
Pricing analysts are responsible for examining competitors' pricing strategies and industry standards to aid businesses in determining and setting competitive pricing. These professionals study consumer habits and behavior to gauge their willingness to pay for products and examine consumer spending. They conduct impact and mathematical analyses, and large-scale research to come up with their conclusions. Other duties and responsibilities include developing revenue forecasts and statistical models, monitoring industry trends, and developing pricing tools that can quickly respond to the rapidly changing market trends and needs.
Allocation analysts and pricing analysts have different pay scales, as shown below.
| Allocation Analyst | Pricing Analyst | |
| Average salary | $65,773 | $64,168 |
| Salary range | Between $47,000 And $90,000 | Between $46,000 And $89,000 |
| Highest paying City | Dover, DE | Seattle, WA |
| Highest paying state | Delaware | Washington |
| Best paying company | Wellington Management | Apple |
| Best paying industry | Retail | Finance |
There are a few differences between an allocation analyst and a pricing analyst in terms of educational background:
| Allocation Analyst | Pricing Analyst | |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between allocation analysts' and pricing analysts' demographics:
| Allocation Analyst | Pricing Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 29.3% Female, 70.7% | Male, 53.3% Female, 46.7% |
| Race ratio | Black or African American, 5.3% Unknown, 5.0% Hispanic or Latino, 12.7% Asian, 11.1% White, 65.8% American Indian and Alaska Native, 0.1% | Black or African American, 5.0% Unknown, 5.0% Hispanic or Latino, 12.0% Asian, 13.0% White, 64.9% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 10% | 10% |