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The differences between pricing managers and senior product 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 senior product manager. Additionally, a senior product manager has an average salary of $133,868, which is higher than the $109,525 average annual salary of a pricing manager.
The top three skills for a pricing manager include analytics, pricing strategy and strategic pricing. The most important skills for a senior product manager are product management, cloud, and product strategy.
| Pricing Manager | Senior Product Manager | |
| Yearly salary | $109,525 | $133,868 |
| Hourly rate | $52.66 | $64.36 |
| Growth rate | 10% | 10% |
| Number of jobs | 119,997 | 119,025 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 72% |
| 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 senior product manager oversees the workflow and workforce involved in product and service development, ensuring a high return for its investments. They are primarily responsible for assessing and providing recommendations, producing review and reference documents, and obtaining feedback from consumers and high-ranking company personnel. Furthermore, as a senior product manager, they must lead a group of product managers, motivating and supervising them in their joint effort to accomplish goals according to the company's standards and policies.
Pricing managers and senior product managers have different pay scales, as shown below.
| Pricing Manager | Senior Product Manager | |
| Average salary | $109,525 | $133,868 |
| Salary range | Between $80,000 And $149,000 | Between $98,000 And $182,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Arizona | California |
| Best paying company | McKinsey & Company Inc | Roku |
| Best paying industry | Technology | Start-up |
There are a few differences between a pricing manager and a senior product manager in terms of educational background:
| Pricing Manager | Senior Product Manager | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between pricing managers' and senior product managers' demographics:
| Pricing Manager | Senior Product Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 57.8% Female, 42.2% | Male, 68.5% Female, 31.5% |
| 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% |