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The differences between pricing managers and marketing account 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 marketing account manager. Additionally, a pricing manager has an average salary of $109,525, which is higher than the $67,983 average annual salary of a marketing account manager.
The top three skills for a pricing manager include analytics, pricing strategy and strategic pricing. The most important skills for a marketing account manager are digital marketing, project management, and email marketing.
| Pricing Manager | Marketing Account Manager | |
| Yearly salary | $109,525 | $67,983 |
| Hourly rate | $52.66 | $32.68 |
| Growth rate | 10% | 10% |
| Number of jobs | 119,997 | 163,297 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 78% |
| 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 marketing account manager is the point of contact for both accounts and marketing companies. You are responsible for establishing contact with new accounts and maintaining strong relations with existing ones. This role typically requires you to perform a few tasks, including developing marketing plans and strategies to meet the account's needs, ensuring that the implementation of these strategies runs smoothly, and meeting with representatives to update them on the account's status. You may also be tasked to monitor budgets and revenue and explain to clients about cost factors.
Pricing managers and marketing account managers have different pay scales, as shown below.
| Pricing Manager | Marketing Account Manager | |
| Average salary | $109,525 | $67,983 |
| Salary range | Between $80,000 And $149,000 | Between $50,000 And $91,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Arizona | Washington |
| Best paying company | McKinsey & Company Inc | American Tower |
| Best paying industry | Technology | Energy |
There are a few differences between a pricing manager and a marketing account manager in terms of educational background:
| Pricing Manager | Marketing Account Manager | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 78% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between pricing managers' and marketing account managers' demographics:
| Pricing Manager | Marketing Account Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 57.8% Female, 42.2% | Male, 43.0% Female, 57.0% |
| 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, 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% |