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The differences between demand planning analysts and pricing analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a demand planning analyst and a pricing analyst. Additionally, a demand planning analyst has an average salary of $81,450, which is higher than the $64,168 average annual salary of a pricing analyst.
The top three skills for a demand planning analyst include demand planning, supply chain and continuous improvement. The most important skills for a pricing analyst are pricing strategy, strong analytical, and customer service.
| Demand Planning Analyst | Pricing Analyst | |
| Yearly salary | $81,450 | $64,168 |
| Hourly rate | $39.16 | $30.85 |
| Growth rate | 19% | 19% |
| Number of jobs | 49,477 | 73,462 |
| Job satisfaction | 4 | 5 |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 75% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
A demand planning analyst is responsible for conducting data analysis by researching current market trends to identify resources for consumer demands and satisfaction. Demand planning analysts evaluate multiple sources on economic factors and product releases to determine demand projections and manage the adequacy of supply inventories. They also recommend store pullouts of outdated merchandise and determine potential replacements according to data results and product campaigns. A demand planning analyst must have excellent communication and analytical skills to calculate sales performance and strategize methods to increase revenues.
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.
Demand planning analysts and pricing analysts have different pay scales, as shown below.
| Demand Planning Analyst | Pricing Analyst | |
| Average salary | $81,450 | $64,168 |
| Salary range | Between $63,000 And $104,000 | Between $46,000 And $89,000 |
| Highest paying City | Fremont, CA | Seattle, WA |
| Highest paying state | California | Washington |
| Best paying company | Apple | |
| Best paying industry | Retail | Finance |
There are a few differences between a demand planning analyst and a pricing analyst in terms of educational background:
| Demand Planning Analyst | Pricing Analyst | |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between demand planning analysts' and pricing analysts' demographics:
| Demand Planning Analyst | Pricing Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 54.5% Female, 45.5% | Male, 53.3% Female, 46.7% |
| Race ratio | Black or African American, 4.8% Unknown, 4.9% Hispanic or Latino, 11.3% Asian, 14.4% White, 64.5% American Indian and Alaska Native, 0.1% | 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 | 10% | 10% |