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The differences between management analysts and product analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a management analyst and a product analyst. Additionally, a product analyst has an average salary of $79,316, which is higher than the $69,804 average annual salary of a management analyst.
The top three skills for a management analyst include customer service, project management and logistics. The most important skills for a product analyst are tableau, data analysis, and product management.
| Management Analyst | Product Analyst | |
| Yearly salary | $69,804 | $79,316 |
| Hourly rate | $33.56 | $38.13 |
| Growth rate | 11% | 11% |
| Number of jobs | 169,171 | 176,369 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 73% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A management analyst is responsible for monitoring the efficiency and effectiveness of management operations, providing strategic advice and procedures to improve its services, and building excellent relationships with customers and business partners. Management analysts identify business opportunities that would help the business generate more revenues and meet long-term profitability goals. They develop techniques in maximizing productivity and optimization, recommending new systems, and upgrading existing processes. A management analyst must have excellent critical thinking and communication skills, especially when evaluating complex data and performance reports.
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.
Management analysts and product analysts have different pay scales, as shown below.
| Management Analyst | Product Analyst | |
| Average salary | $69,804 | $79,316 |
| Salary range | Between $49,000 And $98,000 | Between $56,000 And $111,000 |
| Highest paying City | Washington, DC | Seattle, WA |
| Highest paying state | New Jersey | Washington |
| Best paying company | The Citadel | Meta |
| Best paying industry | Professional | Technology |
There are a few differences between a management analyst and a product analyst in terms of educational background:
| Management Analyst | Product Analyst | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Georgia |
Here are the differences between management analysts' and product analysts' demographics:
| Management Analyst | Product Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 46.5% Female, 53.5% | Male, 53.2% Female, 46.8% |
| Race ratio | Black or African American, 8.4% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 12.7% White, 65.2% American Indian and Alaska Native, 0.2% | 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 | 12% | 12% |