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The differences between principal analysts and requirements managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a principal analyst, becoming a requirements manager takes usually requires 6-8 years. Additionally, a principal analyst has an average salary of $114,156, which is higher than the $87,310 average annual salary of a requirements manager.
The top three skills for a principal analyst include portfolio, ERP and project management. The most important skills for a requirements manager are java, client facing, and emerging technologies.
| Principal Analyst | Requirements Manager | |
| Yearly salary | $114,156 | $87,310 |
| Hourly rate | $54.88 | $41.98 |
| Growth rate | 9% | 16% |
| Number of jobs | 158,160 | 64,837 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 64% |
| Average age | 43 | 47 |
| Years of experience | 6 | 8 |
A principal analyst is responsible for evaluating the project management and product development procedures of an organization by analyzing data statistics and market trends. Principal analysts conduct operational audits to identify inconsistencies and defects, including the networks and system database. They create reports on their findings, as well as recommendations to improve optimization and maximum productivity. A principal analyst should be highly communicative and analytical as they also analyze sales reports and financial transactions to develop techniques for increasing profits and revenues.
A Requirements Manager develops and oversees procedures to ensure that projects meet their needs. They focus on identifying project requirements through extensive research and analysis, conceptualizing plans to attain them. There are also instances when they must spearhead product and requirement reviews, identifying their strengths and weaknesses to develop solutions against potential problem areas. Most Requirements Managers manage development teams, leading and encouraging them to reach goals while implementing company standards and regulations for a smooth and efficient workflow.
Principal analysts and requirements managers have different pay scales, as shown below.
| Principal Analyst | Requirements Manager | |
| Average salary | $114,156 | $87,310 |
| Salary range | Between $87,000 And $149,000 | Between $56,000 And $135,000 |
| Highest paying City | San Francisco, CA | - |
| Highest paying state | Washington | - |
| Best paying company | - | |
| Best paying industry | Pharmaceutical | - |
There are a few differences between a principal analyst and a requirements manager in terms of educational background:
| Principal Analyst | Requirements Manager | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | Stanford University | Carnegie Mellon University |
Here are the differences between principal analysts' and requirements managers' demographics:
| Principal Analyst | Requirements Manager | |
| Average age | 43 | 47 |
| Gender ratio | Male, 75.6% Female, 24.4% | Male, 66.8% Female, 33.2% |
| Race ratio | Black or African American, 10.6% Unknown, 5.0% Hispanic or Latino, 11.3% Asian, 14.4% White, 58.5% American Indian and Alaska Native, 0.2% | Black or African American, 6.8% Unknown, 5.2% Hispanic or Latino, 10.2% Asian, 12.6% White, 65.1% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 8% | 11% |