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The differences between pricing analysts and data research 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 pricing analyst and a data research analyst. Additionally, a pricing analyst has an average salary of $64,168, which is higher than the $57,865 average annual salary of a data research analyst.
The top three skills for a pricing analyst include pricing strategy, strong analytical and customer service. The most important skills for a data research analyst are data analysis, data collection, and patients.
| Pricing Analyst | Data Research Analyst | |
| Yearly salary | $64,168 | $57,865 |
| Hourly rate | $30.85 | $27.82 |
| Growth rate | 19% | 19% |
| Number of jobs | 73,462 | 135,144 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 65% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
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.
The job of a data research analyst focuses on the interpretation of research results. The results data research analysts gather is turned into information offering ways for business improvement. They collect data information from different sources then interpret their patterns and trends. These professionals prepare investigative reports on assets and securities for a client or in-house use. They need to develop skills in a good organization, excellent communication, attention to detail, and accuracy.
Pricing analysts and data research analysts have different pay scales, as shown below.
| Pricing Analyst | Data Research Analyst | |
| Average salary | $64,168 | $57,865 |
| Salary range | Between $46,000 And $89,000 | Between $40,000 And $81,000 |
| Highest paying City | Seattle, WA | Bellevue, WA |
| Highest paying state | Washington | Washington |
| Best paying company | Apple | Microsoft |
| Best paying industry | Finance | Finance |
There are a few differences between a pricing analyst and a data research analyst in terms of educational background:
| Pricing Analyst | Data Research Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between pricing analysts' and data research analysts' demographics:
| Pricing Analyst | Data Research Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 53.3% Female, 46.7% | Male, 48.4% Female, 51.6% |
| Race ratio | 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% | Black or African American, 4.7% Unknown, 4.9% Hispanic or Latino, 11.1% Asian, 14.0% White, 65.1% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 10% | 10% |