Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between demand planning analysts and product analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a demand planning analyst, becoming a product analyst takes usually requires 2-4 years. Additionally, a demand planning analyst has an average salary of $81,450, which is higher than the $79,316 average annual salary of a product analyst.
The top three skills for a demand planning analyst include demand planning, supply chain and continuous improvement. The most important skills for a product analyst are tableau, data analysis, and product management.
| Demand Planning Analyst | Product Analyst | |
| Yearly salary | $81,450 | $79,316 |
| Hourly rate | $39.16 | $38.13 |
| Growth rate | 19% | 11% |
| Number of jobs | 49,477 | 176,369 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 73% |
| Average age | 37 | 44 |
| Years of experience | 6 | 4 |
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 They also recommend store pullouts of outdated merchandise and determine potential replacements according to data results and product campaigns.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.
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.
Demand planning analysts and product analysts have different pay scales, as shown below.
| Demand Planning Analyst | Product Analyst | |
| Average salary | $81,450 | $79,316 |
| Salary range | Between $63,000 And $104,000 | Between $56,000 And $111,000 |
| Highest paying City | Fremont, CA | Seattle, WA |
| Highest paying state | California | Washington |
| Best paying company | Meta | |
| Best paying industry | Retail | Technology |
There are a few differences between a demand planning analyst and a product analyst in terms of educational background:
| Demand Planning Analyst | Product Analyst | |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between demand planning analysts' and product analysts' demographics:
| Demand Planning Analyst | Product Analyst | |
| Average age | 37 | 44 |
| Gender ratio | Male, 54.5% Female, 45.5% | Male, 53.2% Female, 46.8% |
| 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, 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 | 10% | 12% |