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The differences between commissions analysts and product analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a commissions analyst and a product analyst. Additionally, a product analyst has an average salary of $79,316, which is higher than the $57,373 average annual salary of a commissions analyst.
The top three skills for a commissions analyst include calculation, payroll and salesforce. The most important skills for a product analyst are tableau, data analysis, and product management.
| Commissions Analyst | Product Analyst | |
| Yearly salary | $57,373 | $79,316 |
| Hourly rate | $27.58 | $38.13 |
| Growth rate | 11% | 11% |
| Number of jobs | 66,303 | 176,369 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 73% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A commission analyst is responsible for reviewing financial information and reviewing account statements to post accurate updates on the company's database. Commission analysts assess financial and business transactions, write cost analysis reports, and perform account reconciliation procedures. They also resolve billing discrepancies and identify opportunities to minimize financial loss and increase revenues. A commission analyst must have excellent communication and analytical skills, as well as extensive knowledge of the financial industry, verifying the accuracy of account information, and validating commission reports.
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.
Commissions analysts and product analysts have different pay scales, as shown below.
| Commissions Analyst | Product Analyst | |
| Average salary | $57,373 | $79,316 |
| Salary range | Between $40,000 And $80,000 | Between $56,000 And $111,000 |
| Highest paying City | Freehold, NJ | Seattle, WA |
| Highest paying state | New Jersey | Washington |
| Best paying company | Meta | Meta |
| Best paying industry | Technology | Technology |
There are a few differences between a commissions analyst and a product analyst in terms of educational background:
| Commissions Analyst | Product Analyst | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Georgia |
Here are the differences between commissions analysts' and product analysts' demographics:
| Commissions Analyst | Product Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 36.5% Female, 63.5% | Male, 53.2% Female, 46.8% |
| Race ratio | Black or African American, 8.6% Unknown, 4.5% Hispanic or Latino, 9.3% Asian, 11.7% White, 65.7% American Indian and Alaska Native, 0.2% | 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 | 12% | 12% |