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The differences between market analysts and production 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 market analyst and a production analyst. Additionally, a production analyst has an average salary of $65,302, which is higher than the $61,606 average annual salary of a market analyst.
The top three skills for a market analyst include analytics, market research and provide management. The most important skills for a production analyst are data entry, financial analysis, and windows.
| Market Analyst | Production Analyst | |
| Yearly salary | $61,606 | $65,302 |
| Hourly rate | $29.62 | $31.40 |
| Growth rate | 19% | 19% |
| Number of jobs | 35,278 | 75,978 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 65% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
A market analyst is responsible for examining relevant information that will aid the organization to make informed decisions on market strategy. You will be responsible for assessing consumer preferences that will help the company decide how to advertise and market their products. Other typical duties that you will perform may include devising and evaluating methods for gathering data such as opinion polls, surveys, and questionnaires, interpreting the data and organizing this into statistical reports and tables, and creating visuals of industry trends.
Production Analysts help manage the production flow of a company's goods or data. They are responsible for optimizing labor cost, volume, and efficiency of production, ensuring quality assurance, correcting equipment failure and hardware problem as well as monitoring production process proactively improving from slowdowns or bottlenecks. They also coordinate employee training or retraining on software or controls to improve efficiency. Production Analysts work with other teams to estimate production runs within the manufacturing or data process. They create production reports for customers and management.
Market analysts and production analysts have different pay scales, as shown below.
| Market Analyst | Production Analyst | |
| Average salary | $61,606 | $65,302 |
| Salary range | Between $41,000 And $90,000 | Between $46,000 And $90,000 |
| Highest paying City | Seattle, WA | Seattle, WA |
| Highest paying state | Delaware | Washington |
| Best paying company | Intuitive Surgical | Apple |
| Best paying industry | Finance | Finance |
There are a few differences between a market analyst and a production analyst in terms of educational background:
| Market Analyst | Production Analyst | |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between market analysts' and production analysts' demographics:
| Market Analyst | Production Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 61.0% Female, 39.0% | Male, 57.2% Female, 42.8% |
| Race ratio | Black or African American, 4.8% Unknown, 4.9% Hispanic or Latino, 11.3% Asian, 14.4% White, 64.5% American Indian and Alaska Native, 0.1% | Black or African American, 5.2% Unknown, 5.0% Hispanic or Latino, 12.4% Asian, 11.0% White, 66.3% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 10% | 10% |