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The differences between location 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 location analyst and a pricing analyst. Additionally, a pricing analyst has an average salary of $64,168, which is higher than the $55,631 average annual salary of a location analyst.
The top three skills for a location analyst include data integrity issues, market trends and financial models. The most important skills for a pricing analyst are pricing strategy, strong analytical, and customer service.
| Location Analyst | Pricing Analyst | |
| Yearly salary | $55,631 | $64,168 |
| Hourly rate | $26.75 | $30.85 |
| Growth rate | 19% | 19% |
| Number of jobs | 13,519 | 73,462 |
| Job satisfaction | 5 | 5 |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 75% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
A location analyst is responsible for the many aspects of an organization's business operations. As a location analyst, you will be performing a variety of duties including property planning, marketing, and market intelligence, and site research. In addition, you will manage and facilitate the collection of data, map market share on behalf of corporate clients, and manage the requirements for location planning. You will also be responsible for generating sales forecasts for extensions and new stores, and interpreting and predicting consumer behavior using the latest analyst tools and templates.
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.
Location analysts and pricing analysts have different pay scales, as shown below.
| Location Analyst | Pricing Analyst | |
| Average salary | $55,631 | $64,168 |
| Salary range | Between $38,000 And $79,000 | Between $46,000 And $89,000 |
| Highest paying City | - | Seattle, WA |
| Highest paying state | - | Washington |
| Best paying company | - | Apple |
| Best paying industry | - | Finance |
There are a few differences between a location analyst and a pricing analyst in terms of educational background:
| Location Analyst | Pricing Analyst | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between location analysts' and pricing analysts' demographics:
| Location Analyst | Pricing Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 36.0% Female, 64.0% | Male, 53.3% Female, 46.7% |
| Race ratio | Black or African American, 4.7% Unknown, 4.9% Hispanic or Latino, 11.2% Asian, 14.1% White, 65.1% 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% |