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The differences between pricing analysts and project 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 project analyst takes usually requires 2-4 years. Additionally, a project analyst has an average salary of $71,174, 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 project analyst are project management, data analysis, and customer service.
| Pricing Analyst | Project Analyst | |
| Yearly salary | $64,168 | $71,174 |
| Hourly rate | $30.85 | $34.22 |
| Growth rate | 19% | 11% |
| Number of jobs | 73,462 | 207,513 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 68% |
| Average age | 37 | 44 |
| 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 project analyst is responsible for overseeing the development of new projects upon completion of data gathering. A project analyst must provide plans and design the project to its full potential. For this, it is essential to conduct extensive research and coordinate with all staff and departments involved through regular reports and various forms of communication. Furthermore, a project analyst must devise strategies to improve particular projects for it to succeed and achieve better results, all in adherence to the company policies and regulations.
Pricing analysts and project analysts have different pay scales, as shown below.
| Pricing Analyst | Project Analyst | |
| Average salary | $64,168 | $71,174 |
| Salary range | Between $46,000 And $89,000 | Between $52,000 And $97,000 |
| Highest paying City | Seattle, WA | Jersey City, NJ |
| Highest paying state | Washington | New Jersey |
| Best paying company | Apple | |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a pricing analyst and a project analyst in terms of educational background:
| Pricing Analyst | Project Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between pricing analysts' and project analysts' demographics:
| Pricing Analyst | Project Analyst | |
| Average age | 37 | 44 |
| Gender ratio | Male, 53.3% Female, 46.7% | Male, 57.7% Female, 42.3% |
| 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, 8.0% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 13.7% White, 64.8% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 12% |