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The differences between product analysts and data 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 a data analyst. Additionally, a product analyst has an average salary of $79,316, which is higher than the $74,342 average annual salary of a data analyst.
The top three skills for a product analyst include tableau, data analysis and product management. The most important skills for a data analyst are data analysis, python, and power bi.
| Product Analyst | Data Analyst | |
| Yearly salary | $79,316 | $74,342 |
| Hourly rate | $38.13 | $35.74 |
| Growth rate | 11% | 11% |
| Number of jobs | 176,369 | 167,520 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 65% |
| Average age | 44 | 44 |
| 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.
Data analysts are responsible for interpreting the company's statistics and providing sound recommendations to the organization. They manage the organization's data sets, usually related to market performance, finance, or human resources. They are in charge of studying the available data, spotting trends, interpreting what the data and the trends mean, and recommending suggestions that will help the organization perform better. Their recommendations should also be relevant and backed up with strong analyses. Data analysts are expected to have a good grasp of the current market trends in the industry.
Product analysts and data analysts have different pay scales, as shown below.
| Product Analyst | Data Analyst | |
| Average salary | $79,316 | $74,342 |
| Salary range | Between $56,000 And $111,000 | Between $53,000 And $103,000 |
| Highest paying City | Seattle, WA | Richmond, CA |
| Highest paying state | Washington | New Jersey |
| Best paying company | Meta | The Citadel |
| Best paying industry | Technology | Finance |
There are a few differences between a product analyst and a data analyst in terms of educational background:
| Product Analyst | Data Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Georgia | Northwestern University |
Here are the differences between product analysts' and data analysts' demographics:
| Product Analyst | Data Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 53.2% Female, 46.8% | Male, 50.2% Female, 49.8% |
| 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, 7.5% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.5% White, 64.9% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |