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The differences between development research 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 development research analyst, becoming a product analyst takes usually requires 2-4 years. Additionally, a product analyst has an average salary of $79,316, which is higher than the $70,829 average annual salary of a development research analyst.
The top three skills for a development research analyst include data analysis, SQL and R. The most important skills for a product analyst are tableau, data analysis, and product management.
| Development Research Analyst | Product Analyst | |
| Yearly salary | $70,829 | $79,316 |
| Hourly rate | $34.05 | $38.13 |
| Growth rate | 19% | 11% |
| Number of jobs | 105,962 | 176,369 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 73% |
| Average age | 37 | 44 |
| Years of experience | 6 | 4 |
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.
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.
Development research analysts and product analysts have different pay scales, as shown below.
| Development Research Analyst | Product Analyst | |
| Average salary | $70,829 | $79,316 |
| Salary range | Between $46,000 And $106,000 | Between $56,000 And $111,000 |
| Highest paying City | New York, NY | Seattle, WA |
| Highest paying state | Delaware | Washington |
| Best paying company | T.D. Williamson | Meta |
| Best paying industry | Technology | Technology |
There are a few differences between a development research analyst and a product analyst in terms of educational background:
| Development Research Analyst | Product Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between development research analysts' and product analysts' demographics:
| Development Research Analyst | Product Analyst | |
| Average age | 37 | 44 |
| Gender ratio | Male, 50.8% Female, 49.2% | Male, 53.2% Female, 46.8% |
| 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, 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% |