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The differences between pricing managers and marketing 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 manager. Additionally, a pricing manager has an average salary of $109,525, which is higher than the $104,550 average annual salary of a marketing manager.
The top three skills for a pricing manager include analytics, pricing strategy and strategic pricing. The most important skills for a marketing manager are digital marketing, marketing campaigns, and project management.
| Pricing Manager | Marketing Manager | |
| Yearly salary | $109,525 | $104,550 |
| Hourly rate | $52.66 | $50.26 |
| Growth rate | 10% | 10% |
| Number of jobs | 119,997 | 89,627 |
| Job satisfaction | - | 3 |
| 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.
Marketing managers are experienced employees who oversee the marketing department of the organization. They manage activities such as marketing campaigns, social media postings, company branding, and other strategic marketing activities. They provide strategic direction and come up with departmental goals. They also provide proper training for employees in the department to ensure that they have a deep understanding of its marketing tools. Marketing managers should be creative, should have good interpersonal skills, and should be flexible.
Pricing managers and marketing managers have different pay scales, as shown below.
| Pricing Manager | Marketing Manager | |
| Average salary | $109,525 | $104,550 |
| Salary range | Between $80,000 And $149,000 | Between $71,000 And $153,000 |
| Highest paying City | San Francisco, CA | Menlo Park, CA |
| Highest paying state | Arizona | California |
| Best paying company | McKinsey & Company Inc | Meta |
| Best paying industry | Technology | Technology |
There are a few differences between a pricing manager and a marketing manager in terms of educational background:
| Pricing Manager | Marketing 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 marketing managers' demographics:
| Pricing Manager | Marketing Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 57.8% Female, 42.2% | Male, 44.4% Female, 55.6% |
| 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% |