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The differences between business insight and analytics managers and product managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 8-10 years to become both a business insight and analytics manager and a product manager. Additionally, a business insight and analytics manager has an average salary of $112,262, which is higher than the $111,729 average annual salary of a product manager.
The top three skills for a business insight and analytics manager include tableau, visualization and business insights. The most important skills for a product manager are product management, QA, and product strategy.
| Business Insight And Analytics Manager | Product Manager | |
| Yearly salary | $112,262 | $111,729 |
| Hourly rate | $53.97 | $53.72 |
| Growth rate | 10% | 10% |
| Number of jobs | 122,941 | 125,678 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 72% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
The business insight and analytics manager is primarily in charge of developing strategies to identify the best practices and decisions to optimize a company's operations and sales performance. Their responsibilities typically include understanding the company's needs and mission, performing extensive research and analysis to identify new business opportunities, gathering and analyzing data to determine the strengths and weaknesses of existing procedures, developing solutions in vulnerable areas, and presenting analytical reports for the executives. Above all, they must lead and encourage teams to reach goals while implementing the company's policies and regulations.
A product manager is responsible for ensuring product development, providing the best marketing strategies, and effectively handling the sales and marketing team. Product managers' duties include monitoring the market trends and conditions, identifying business opportunities and plan initiatives, and collaborating the product launch process with the appropriate departments. A product manager is also responsible for generating ideas on improving product features, determining timetables and reasonable pricing, and analyzing product sales. A product manager must have excellent strategic and decision-making skills to contribute to its growth and profitability.
Business insight and analytics managers and product managers have different pay scales, as shown below.
| Business Insight And Analytics Manager | Product Manager | |
| Average salary | $112,262 | $111,729 |
| Salary range | Between $75,000 And $167,000 | Between $81,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Meta | Meta |
| Best paying industry | Technology | Retail |
There are a few differences between a business insight and analytics manager and a product manager in terms of educational background:
| Business Insight And Analytics Manager | Product Manager | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between business insight and analytics managers' and product managers' demographics:
| Business Insight And Analytics Manager | Product Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 71.6% Female, 28.4% | Male, 65.3% Female, 34.7% |
| Race ratio | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 10% |