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The differences between pricing managers and brand managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 8-10 years to become both a pricing manager and a brand manager. Additionally, a pricing manager has an average salary of $109,525, which is higher than the $97,789 average annual salary of a brand manager.
The top three skills for a pricing manager include analytics, pricing strategy and strategic pricing. The most important skills for a brand manager are brand management, digital marketing, and customer service.
| Pricing Manager | Brand Manager | |
| Yearly salary | $109,525 | $97,789 |
| Hourly rate | $52.66 | $47.01 |
| Growth rate | 10% | 10% |
| Number of jobs | 119,997 | 127,429 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 75% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
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.
A brand manager is an individual responsible for adapting a brand strategy that targets the potential market for a company's product while maintaining its integrity. Brand managers assist in developing products while managing budgets for the advertising and promotion of their new products. They usually work under the supervision of marketing managers or chief marketing officers (CMOs) to implement and execute their marketing initiatives. Brand managers also provide an analysis of sales forecasts and create reports on product sales.
Pricing managers and brand managers have different pay scales, as shown below.
| Pricing Manager | Brand Manager | |
| Average salary | $109,525 | $97,789 |
| Salary range | Between $80,000 And $149,000 | Between $72,000 And $131,000 |
| Highest paying City | San Francisco, CA | Parsippany-Troy Hills, NJ |
| Highest paying state | Arizona | Rhode Island |
| Best paying company | McKinsey & Company Inc | Meta |
| Best paying industry | Technology | Manufacturing |
There are a few differences between a pricing manager and a brand manager in terms of educational background:
| Pricing Manager | Brand Manager | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between pricing managers' and brand managers' demographics:
| Pricing Manager | Brand Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 57.8% Female, 42.2% | Male, 51.5% Female, 48.5% |
| Race ratio | 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% | 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% |