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The differences between commercial analysts and pricing analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a commercial analyst, becoming a pricing analyst takes usually requires 4-6 years. Additionally, a commercial analyst has an average salary of $83,036, which is higher than the $64,168 average annual salary of a pricing analyst.
The top three skills for a commercial analyst include portfolio, data analysis and financial statements. The most important skills for a pricing analyst are pricing strategy, strong analytical, and customer service.
| Commercial Analyst | Pricing Analyst | |
| Yearly salary | $83,036 | $64,168 |
| Hourly rate | $39.92 | $30.85 |
| Growth rate | 9% | 19% |
| Number of jobs | 54,953 | 73,462 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 75% |
| Average age | 39 | 37 |
| Years of experience | 2 | 6 |
A commercial analyst is responsible for evaluating the performance of business operations in the market, including consumer demands and sales analysis. Commercial analysts monitor the market trends, identifying business opportunities that would generate more revenue resources for the business, as well as developing strategic approaches to attract potential clients and maintain long-lasting business relationships. They also manage the company's financial stability, reviewing competitors' activities, and recommending methods to maximize production operations and achieve the highest customer satisfaction.
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.
Commercial analysts and pricing analysts have different pay scales, as shown below.
| Commercial Analyst | Pricing Analyst | |
| Average salary | $83,036 | $64,168 |
| Salary range | Between $60,000 And $114,000 | Between $46,000 And $89,000 |
| Highest paying City | New York, NY | Seattle, WA |
| Highest paying state | New York | Washington |
| Best paying company | Meta | Apple |
| Best paying industry | Energy | Finance |
There are a few differences between a commercial analyst and a pricing analyst in terms of educational background:
| Commercial Analyst | Pricing Analyst | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commercial analysts' and pricing analysts' demographics:
| Commercial Analyst | Pricing Analyst | |
| Average age | 39 | 37 |
| Gender ratio | Male, 53.2% Female, 46.8% | Male, 53.3% Female, 46.7% |
| Race ratio | Black or African American, 8.1% Unknown, 2.7% Hispanic or Latino, 9.7% Asian, 10.7% White, 68.5% American Indian and Alaska Native, 0.3% | 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 | 11% | 10% |