Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between market risk 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 market risk analyst and a pricing analyst. Additionally, a market risk analyst has an average salary of $90,794, which is higher than the $64,168 average annual salary of a pricing analyst.
The top three skills for a market risk analyst include risk management, derivative and VAR. The most important skills for a pricing analyst are pricing strategy, strong analytical, and customer service.
| Market Risk Analyst | Pricing Analyst | |
| Yearly salary | $90,794 | $64,168 |
| Hourly rate | $43.65 | $30.85 |
| Growth rate | 19% | 19% |
| Number of jobs | 40,595 | 73,462 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 75% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
A market risk analyst is responsible for conducting data and statistical analysis to help the business professionals in choosing the best investment and services to take from the assessment. Market risk analysts must have excellent communication and analytical skills to provide profit estimation and design strategies to minimize potential losses. They also identify business opportunities by evaluating the market demand that would generate more revenue resources for the business to increase revenues and close business deals with the clients.
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.
Market risk analysts and pricing analysts have different pay scales, as shown below.
| Market Risk Analyst | Pricing Analyst | |
| Average salary | $90,794 | $64,168 |
| Salary range | Between $63,000 And $130,000 | Between $46,000 And $89,000 |
| Highest paying City | Jersey City, NJ | Seattle, WA |
| Highest paying state | New Jersey | Washington |
| Best paying company | Calpine | Apple |
| Best paying industry | Utilities | Finance |
There are a few differences between a market risk analyst and a pricing analyst in terms of educational background:
| Market Risk Analyst | Pricing Analyst | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 75% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between market risk analysts' and pricing analysts' demographics:
| Market Risk Analyst | Pricing Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 74.2% Female, 25.8% | Male, 53.3% Female, 46.7% |
| Race ratio | Black or African American, 4.7% Unknown, 4.9% Hispanic or Latino, 11.2% Asian, 14.2% White, 64.8% 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% |