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The differences between analytical laboratory analysts and pricing analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become an analytical laboratory analyst, becoming a pricing analyst takes usually requires 4-6 years. Additionally, an analytical laboratory analyst has an average salary of $73,744, which is higher than the $64,168 average annual salary of a pricing analyst.
The top three skills for an analytical laboratory analyst include tableau, SAS and python. The most important skills for a pricing analyst are pricing strategy, strong analytical, and customer service.
| Analytical Laboratory Analyst | Pricing Analyst | |
| Yearly salary | $73,744 | $64,168 |
| Hourly rate | $35.45 | $30.85 |
| Growth rate | 11% | 19% |
| Number of jobs | 105,762 | 73,462 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 75% |
| Average age | 44 | 37 |
| Years of experience | 4 | 6 |
An analytical laboratory analyst's role is to gather and analyze samples, ensuring accuracy and timeliness. They are primarily responsible for preparing and handling apparatus, operating devices and machines, performing experiments and research, and coordinating with other scientists. It is also important to record data and results, develop optimal practices, handle issues and concerns, and perform corrective measures. Furthermore, an analytical laboratory analyst must implement all laboratory rules and regulations to ensure a safe and healthy work environment for everyone.
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.
Analytical laboratory analysts and pricing analysts have different pay scales, as shown below.
| Analytical Laboratory Analyst | Pricing Analyst | |
| Average salary | $73,744 | $64,168 |
| Salary range | Between $53,000 And $102,000 | Between $46,000 And $89,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | Washington | Washington |
| Best paying company | Meta | Apple |
| Best paying industry | Finance | Finance |
There are a few differences between an analytical laboratory analyst and a pricing analyst in terms of educational background:
| Analytical Laboratory Analyst | Pricing Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 75% |
| Most common major | Finance | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between analytical laboratory analysts' and pricing analysts' demographics:
| Analytical Laboratory Analyst | Pricing Analyst | |
| Average age | 44 | 37 |
| Gender ratio | Male, 62.5% Female, 37.5% | Male, 53.3% Female, 46.7% |
| Race ratio | Black or African American, 7.5% Unknown, 4.5% Hispanic or Latino, 8.5% Asian, 14.5% White, 64.8% American Indian and Alaska Native, 0.2% | 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 | 12% | 10% |