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The differences between analysts and product analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an analyst and a product analyst. Additionally, a product analyst has an average salary of $79,316, which is higher than the $73,007 average annual salary of an analyst.
The top three skills for an analyst include customer service, troubleshoot and data analysis. The most important skills for a product analyst are tableau, data analysis, and product management.
| Analyst | Product Analyst | |
| Yearly salary | $73,007 | $79,316 |
| Hourly rate | $35.10 | $38.13 |
| Growth rate | 11% | 11% |
| Number of jobs | 253,138 | 176,369 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 73% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
A product analyst job utilizes data analysis software and notates trends in market research. Primarily, analysts project the costs of product development and marketing. They think of the possibilities for profit and sales and monitor the performance of products on the market to come up with a better product. Their responsibilities include company product evaluation, product understanding, and product rating reviews. Familiarity with Microsoft Office Suite, strong communication skills, and proficiency in database software is necessary for this job.
Analysts and product analysts have different pay scales, as shown below.
| Analyst | Product Analyst | |
| Average salary | $73,007 | $79,316 |
| Salary range | Between $53,000 And $99,000 | Between $56,000 And $111,000 |
| Highest paying City | Jersey City, NJ | Seattle, WA |
| Highest paying state | New Jersey | Washington |
| Best paying company | The Citadel | Meta |
| Best paying industry | Technology | Technology |
There are a few differences between an analyst and a product analyst in terms of educational background:
| Analyst | Product Analyst | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Georgia |
Here are the differences between analysts' and product analysts' demographics:
| Analyst | Product Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 52.4% Female, 47.6% | Male, 53.2% Female, 46.8% |
| Race ratio | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.5% Asian, 14.6% White, 64.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |