Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between pricing analysts and pricing managers 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 pricing manager takes usually requires 8-10 years. Additionally, a pricing manager has an average salary of $109,525, 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 pricing manager are analytics, pricing strategy, and strategic pricing.
| Pricing Analyst | Pricing Manager | |
| Yearly salary | $64,168 | $109,525 |
| Hourly rate | $30.85 | $52.66 |
| Growth rate | 19% | 10% |
| Number of jobs | 73,462 | 119,997 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 66% |
| Average age | 37 | 39 |
| Years of experience | 6 | 10 |
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.
Pricing managers are employees who oversee the pricing needs of the organization. They identify the best pricing schemes for the company's product or service offerings. To do this, pricing managers analyze industry trends and current events. They study the target market and their spending behavior. They also coordinate with different departments, such as the production department to get the cost of production and the human resources department to get overhead costs. They also factor in different operational costs. Once they get this data, they determine the best pricing for the goods. Pricing managers also have a say in company tie-ups and client proposals to ensure that the company will not get the losing end of the stick with such partnerships.
Pricing analysts and pricing managers have different pay scales, as shown below.
| Pricing Analyst | Pricing Manager | |
| Average salary | $64,168 | $109,525 |
| Salary range | Between $46,000 And $89,000 | Between $80,000 And $149,000 |
| Highest paying City | Seattle, WA | San Francisco, CA |
| Highest paying state | Washington | Arizona |
| Best paying company | Apple | McKinsey & Company Inc |
| Best paying industry | Finance | Technology |
There are a few differences between a pricing analyst and a pricing manager in terms of educational background:
| Pricing Analyst | Pricing Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between pricing analysts' and pricing managers' demographics:
| Pricing Analyst | Pricing Manager | |
| Average age | 37 | 39 |
| Gender ratio | Male, 53.3% Female, 46.7% | Male, 57.8% Female, 42.2% |
| 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, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 10% |