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The differences between development research 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 development research analyst and a pricing analyst. Additionally, a development research analyst has an average salary of $70,829, which is higher than the $64,168 average annual salary of a pricing analyst.
The top three skills for a development research analyst include data analysis, SQL and R. The most important skills for a pricing analyst are pricing strategy, strong analytical, and customer service.
| Development Research Analyst | Pricing Analyst | |
| Yearly salary | $70,829 | $64,168 |
| Hourly rate | $34.05 | $30.85 |
| Growth rate | 19% | 19% |
| Number of jobs | 105,962 | 73,462 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 75% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
A development research analyst specializes in conducting research and analyses to help companies in making decisions or finding solutions against problem areas. As a development research analyst, it is their duty to understand and identify the project or the clients' needs, gather and analyze data from different sources, conduct interviews and surveys, perform assessments, and utilize the research findings to develop conclusions and recommendations. Moreover, a development research analyst usually works in a team setting, which requires an open communication line for successful outcomes.
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.
Development research analysts and pricing analysts have different pay scales, as shown below.
| Development Research Analyst | Pricing Analyst | |
| Average salary | $70,829 | $64,168 |
| Salary range | Between $46,000 And $106,000 | Between $46,000 And $89,000 |
| Highest paying City | New York, NY | Seattle, WA |
| Highest paying state | Delaware | Washington |
| Best paying company | T.D. Williamson | Apple |
| Best paying industry | Technology | Finance |
There are a few differences between a development research analyst and a pricing analyst in terms of educational background:
| Development Research Analyst | Pricing Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between development research analysts' and pricing analysts' demographics:
| Development Research Analyst | Pricing Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 50.8% Female, 49.2% | Male, 53.3% Female, 46.7% |
| Race ratio | Black or African American, 4.8% Unknown, 4.9% Hispanic or Latino, 11.4% Asian, 14.4% White, 64.4% 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% |