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The differences between clinical product managers and pricing 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 clinical product manager and a pricing manager. Additionally, a pricing manager has an average salary of $109,525, which is higher than the $104,486 average annual salary of a clinical product manager.
The top three skills for a clinical product manager include cross-functional, product management and roadmap. The most important skills for a pricing manager are analytics, pricing strategy, and strategic pricing.
| Clinical Product Manager | Pricing Manager | |
| Yearly salary | $104,486 | $109,525 |
| Hourly rate | $50.23 | $52.66 |
| Growth rate | 10% | 10% |
| Number of jobs | 165,287 | 119,997 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 66% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
Clinical product managers keep up with the market's never-ending need to turn them into product development opportunities by regular communication. These managers work on developing, implementing, testing, and sales with field engineering experts to publicize products and their new features. To hone their leadership and product operation skills, they undergo content writing training and realistic product management training. They consult with product managers to review product designs and clinical planning to maintain support for the products as they go through the product life cycle.
Pricing managers are employees who oversee the pricing needs of the organization. They identify the best pricing schemes for the company's product or service offerings. To do this, pricing managers analyze industry trends and current events. They study the target market and their spending behavior. They also coordinate with different departments, such as the production department to get the cost of production and the human resources department to get overhead costs. They also factor in different operational costs. Once they get this data, they determine the best pricing for the goods. Pricing managers also have a say in company tie-ups and client proposals to ensure that the company will not get the losing end of the stick with such partnerships.
Clinical product managers and pricing managers have different pay scales, as shown below.
| Clinical Product Manager | Pricing Manager | |
| Average salary | $104,486 | $109,525 |
| Salary range | Between $74,000 And $146,000 | Between $80,000 And $149,000 |
| Highest paying City | Sunnyvale, CA | San Francisco, CA |
| Highest paying state | Washington | Arizona |
| Best paying company | Intuitive Surgical | McKinsey & Company Inc |
| Best paying industry | Health Care | Technology |
There are a few differences between a clinical product manager and a pricing manager in terms of educational background:
| Clinical Product Manager | Pricing Manager | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 66% |
| Most common major | Nursing | Business |
| Most common college | University of Wisconsin - Madison | University of Georgia |
Here are the differences between clinical product managers' and pricing managers' demographics:
| Clinical Product Manager | Pricing Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 42.4% Female, 57.6% | Male, 57.8% Female, 42.2% |
| 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% |