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The differences between product design managers and pricing 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 product design manager and a pricing manager. Additionally, a product design manager has an average salary of $133,190, which is higher than the $109,525 average annual salary of a pricing manager.
The top three skills for a product design manager include product design, user research and sketch. The most important skills for a pricing manager are analytics, pricing strategy, and strategic pricing.
| Product Design Manager | Pricing Manager | |
| Yearly salary | $133,190 | $109,525 |
| Hourly rate | $64.03 | $52.66 |
| Growth rate | 10% | 10% |
| Number of jobs | 146,576 | 119,997 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 66% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A product design manager typically works with engineers and specialists in the joint effort to develop high-quality standard products. As a product design manager, they are responsible for managing product design teams, understanding and identifying a project's needs, performing research and analysis, setting objectives and guidelines, liaising with external parties, and presenting prototypes for client approval. Moreover, as a manager, it is essential to lead and encourage staff to reach product goals while enforcing the company's policies and regulations.
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.
Product design managers and pricing managers have different pay scales, as shown below.
| Product Design Manager | Pricing Manager | |
| Average salary | $133,190 | $109,525 |
| Salary range | Between $91,000 And $193,000 | Between $80,000 And $149,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Arizona |
| Best paying company | Meta | McKinsey & Company Inc |
| Best paying industry | Technology | Technology |
There are a few differences between a product design manager and a pricing manager in terms of educational background:
| Product Design Manager | Pricing Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 66% |
| Most common major | Graphic Design | Business |
| Most common college | University of Wisconsin - Madison | University of Georgia |
Here are the differences between product design managers' and pricing managers' demographics:
| Product Design Manager | Pricing Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 66.2% Female, 33.8% | Male, 57.8% Female, 42.2% |
| 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% |