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The differences between commercial analysts and product 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 product analyst takes usually requires 2-4 years. Additionally, a commercial analyst has an average salary of $83,036, which is higher than the $79,316 average annual salary of a product analyst.
The top three skills for a commercial analyst include portfolio, data analysis and financial statements. The most important skills for a product analyst are tableau, data analysis, and product management.
| Commercial Analyst | Product Analyst | |
| Yearly salary | $83,036 | $79,316 |
| Hourly rate | $39.92 | $38.13 |
| Growth rate | 9% | 11% |
| Number of jobs | 54,953 | 176,369 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 73% |
| Average age | 39 | 44 |
| Years of experience | 2 | 4 |
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.
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.
Commercial analysts and product analysts have different pay scales, as shown below.
| Commercial Analyst | Product Analyst | |
| Average salary | $83,036 | $79,316 |
| Salary range | Between $60,000 And $114,000 | Between $56,000 And $111,000 |
| Highest paying City | New York, NY | Seattle, WA |
| Highest paying state | New York | Washington |
| Best paying company | Meta | Meta |
| Best paying industry | Energy | Technology |
There are a few differences between a commercial analyst and a product analyst in terms of educational background:
| Commercial Analyst | Product Analyst | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between commercial analysts' and product analysts' demographics:
| Commercial Analyst | Product Analyst | |
| Average age | 39 | 44 |
| Gender ratio | Male, 53.2% Female, 46.8% | Male, 53.2% Female, 46.8% |
| 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, 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 | 11% | 12% |