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The differences between pricing analysts and finance analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a pricing analyst, becoming a finance analyst takes usually requires 2-4 years. Additionally, a finance analyst has an average salary of $69,887, which is higher than the $64,168 average annual salary of a pricing analyst.
The top three skills for a pricing analyst include pricing strategy, strong analytical and customer service. The most important skills for a finance analyst are financial analysis, financial models, and financial data.
| Pricing Analyst | Finance Analyst | |
| Yearly salary | $64,168 | $69,887 |
| Hourly rate | $30.85 | $33.60 |
| Growth rate | 19% | 9% |
| Number of jobs | 73,462 | 138,600 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 76% |
| Average age | 37 | 40 |
| Years of experience | 6 | 4 |
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.
A finance analyst is responsible for evaluating a company's financial data and historical reports to assess investment opportunities and provide accurate financial statements in support of business strategies and company performance prediction. A financial analyst's duties also include suggesting recommendations to boost operations efficiency and grow revenues, researching the current market performance and economic trends to adjust budget goals as needed, and managing client portfolios. Finance analysts must have excellent critical and analytical thinking skills to identify the best actions for the company's profitability.
Pricing analysts and finance analysts have different pay scales, as shown below.
| Pricing Analyst | Finance Analyst | |
| Average salary | $64,168 | $69,887 |
| Salary range | Between $46,000 And $89,000 | Between $46,000 And $104,000 |
| Highest paying City | Seattle, WA | San Francisco, CA |
| Highest paying state | Washington | Connecticut |
| Best paying company | Apple | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between a pricing analyst and a finance analyst in terms of educational background:
| Pricing Analyst | Finance Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 76% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between pricing analysts' and finance analysts' demographics:
| Pricing Analyst | Finance Analyst | |
| Average age | 37 | 40 |
| Gender ratio | Male, 53.3% Female, 46.7% | Male, 56.2% Female, 43.8% |
| 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, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 10% | 7% |