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The differences between pricing managers and managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become a pricing manager, becoming a manager takes usually requires 4-6 years. Additionally, a pricing manager has an average salary of $109,525, which is higher than the $58,651 average annual salary of a manager.
The top three skills for a pricing manager include analytics, pricing strategy and strategic pricing. The most important skills for a manager are customer service, payroll, and food safety.
| Pricing Manager | Manager | |
| Yearly salary | $109,525 | $58,651 |
| Hourly rate | $52.66 | $28.20 |
| Growth rate | 10% | 6% |
| Number of jobs | 119,997 | 1,236,194 |
| Job satisfaction | - | 4.57 |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 49% |
| Average age | 39 | 44 |
| Years of experience | 10 | 6 |
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.
Managers are responsible for a specific department, function, or employee group. They oversee their assigned departments and all the employees under the department. Managers are responsible that the department they are handling is functioning well. They set the department goals and the steps they must take to achieve the goals. They are also in charge of assessing the performance of their departments and their employees. Additionally, managers are responsible for interviewing prospective candidates for department vacancies and assessing their fit to the needs of the department. Managers also set the general working environment in the department, and they are expected to ensure that their employees remain motivated.
Pricing managers and managers have different pay scales, as shown below.
| Pricing Manager | Manager | |
| Average salary | $109,525 | $58,651 |
| Salary range | Between $80,000 And $149,000 | Between $37,000 And $92,000 |
| Highest paying City | San Francisco, CA | - |
| Highest paying state | Arizona | New Jersey |
| Best paying company | McKinsey & Company Inc | - |
| Best paying industry | Technology | Finance |
There are a few differences between a pricing manager and a manager in terms of educational background:
| Pricing Manager | Manager | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 49% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between pricing managers' and managers' demographics:
| Pricing Manager | Manager | |
| Average age | 39 | 44 |
| Gender ratio | Male, 57.8% Female, 42.2% | Male, 51.0% Female, 49.0% |
| 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, 6.3% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 6.4% White, 67.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |