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The differences between product analysts and associate analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a product analyst and an associate analyst. Additionally, a product analyst has an average salary of $79,316, which is higher than the $68,161 average annual salary of an associate analyst.
The top three skills for a product analyst include tableau, data analysis and product management. The most important skills for an associate analyst are customer service, powerpoint, and data analysis.
| Product Analyst | Associate Analyst | |
| Yearly salary | $79,316 | $68,161 |
| Hourly rate | $38.13 | $32.77 |
| Growth rate | 11% | 9% |
| Number of jobs | 176,369 | 97,311 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 72% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
A product analyst job utilizes data analysis software and notates trends in market research. Primarily, analysts project the costs of product development and marketing. They think of the possibilities for profit and sales and monitor the performance of products on the market to come up with a better product. Their responsibilities include company product evaluation, product understanding, and product rating reviews. Familiarity with Microsoft Office Suite, strong communication skills, and proficiency in database software is necessary for this job.
An associate analyst is an individual who is responsible for the research and investigation for a specific business process and department to help the senior staff make further decisions. Associate analysts must use their analytical skills to understand how the collected data can affect business decisions, then prepare reports that detail findings and recommend solutions. They must assist in developing new business models that can generate profits while reducing costs. Associate analysts can work in various industries ranging from finance and operations to information technology (IT) and marketing.
Product analysts and associate analysts have different pay scales, as shown below.
| Product Analyst | Associate Analyst | |
| Average salary | $79,316 | $68,161 |
| Salary range | Between $56,000 And $111,000 | Between $47,000 And $98,000 |
| Highest paying City | Seattle, WA | San Francisco, CA |
| Highest paying state | Washington | New York |
| Best paying company | Meta | Apollo Global Management |
| Best paying industry | Technology | Finance |
There are a few differences between a product analyst and an associate analyst in terms of educational background:
| Product Analyst | Associate Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between product analysts' and associate analysts' demographics:
| Product Analyst | Associate Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 53.2% Female, 46.8% | Male, 52.3% Female, 47.7% |
| Race ratio | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.5% Asian, 14.6% White, 64.6% American Indian and Alaska Native, 0.2% | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 12% | 7% |