Forecasting analyst vs pricing analyst

The differences between forecasting 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 forecasting analyst and a pricing analyst. Additionally, a forecasting analyst has an average salary of $69,708, which is higher than the $64,168 average annual salary of a pricing analyst.

The top three skills for a forecasting analyst include supply chain, SQL and data analysis. The most important skills for a pricing analyst are pricing strategy, strong analytical, and customer service.

Forecasting analyst vs pricing analyst overview

	Forecasting Analyst	Pricing Analyst
Yearly salary	$69,708	$64,168
Hourly rate	$33.51	$30.85
Growth rate	19%	19%
Number of jobs	31,811	73,462
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 75%
Average age	37	37
Years of experience	6	6

What does a forecasting analyst do?

A forecasting analyst is responsible for predicting a business's future production and financial condition by analyzing the company's current data statistics. Forecasting analysts evaluate the company's sales performance, inventory levels, production speed, and turnaround time of deliverables. They also study the latest industry trends, identifying business opportunities from consumer demands and interests to develop revenue resources to maintain the business' financial stability. A forecasting analyst must have excellent communication and analytical skills, especially on creating report models and finance measurement accuracy.

What does a pricing analyst do?

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.

Forecasting analyst vs pricing analyst salary

Forecasting analysts and pricing analysts have different pay scales, as shown below.

	Forecasting Analyst	Pricing Analyst
Average salary	$69,708	$64,168
Salary range	Between $53,000 And $90,000	Between $46,000 And $89,000
Highest paying City	Seattle, WA	Seattle, WA
Highest paying state	Washington	Washington
Best paying company	Apple	Apple
Best paying industry	Manufacturing	Finance

Differences between forecasting analyst and pricing analyst education

There are a few differences between a forecasting analyst and a pricing analyst in terms of educational background:

	Forecasting Analyst	Pricing Analyst
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 75%
Most common major	Business	Business
Most common college	University of Georgia	University of Pennsylvania

Forecasting analyst vs pricing analyst demographics

Here are the differences between forecasting analysts' and pricing analysts' demographics:

	Forecasting Analyst	Pricing Analyst
Average age	37	37
Gender ratio	Male, 55.3% Female, 44.7%	Male, 53.3% Female, 46.7%
Race ratio	Black or African American, 5.0% Unknown, 5.0% Hispanic or Latino, 11.9% Asian, 12.7% White, 65.3% 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%

Differences between forecasting analyst and pricing analyst duties and responsibilities

Forecasting analyst example responsibilities.

Manage National/Global RFP project process by creating pricing models and coordinating pricing efforts of different ManpowerGroup brands.
Enter sales and freight information in company ERP software program.
Work with logistics to track shipments to distribution center and ensure customer delivery dates are met.
Develop and execute the POS and inventory forecasts and analysis for mass merchants and national /international sales accounts.
Create promotional, POS, & inventory reports for both domestic and international accounts and submit to company each week.
Utilize Nielsen data to create category reviews, new product presentations, and attend customer meetings to support customer category managers.

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Pricing analyst example responsibilities.

Manage all aspects of Medicare and PHS.
Lead team during change windows and coordinate IPLs/IMLs.
Identify and qualify leads using web-search methods, social media and LinkedIn.
Manage seamless and accurate flow of data between CRM and ERP; troubleshoot and resolve integration failures.
Manage & maintain daily/monthly PPC spends for multiple clients to ensure each campaigns meet the desired performance metrics.
Work with current Google AdWords to help optimize PPC advertising in both SEM & display network to achieve marketing goals.

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Forecasting analyst vs pricing analyst skills

Common forecasting analyst skills

Supply Chain, 9%
SQL, 9%
Data Analysis, 7%
Strong Analytical, 6%
SAS, 5%
Demand Planning, 5%

Common pricing analyst skills

Pricing Strategy, 6%
Strong Analytical, 6%
Customer Service, 6%
Data Analysis, 6%
SQL, 5%
Financial Analysis, 4%

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Updated January 8, 2025

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