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The differences between product development coordinators and product analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a product development coordinator, becoming a product analyst takes usually requires 2-4 years. Additionally, a product analyst has an average salary of $79,316, which is higher than the $58,473 average annual salary of a product development coordinator.
The top three skills for a product development coordinator include product development, apparel and powerpoint. The most important skills for a product analyst are tableau, data analysis, and product management.
| Product Development Coordinator | Product Analyst | |
| Yearly salary | $58,473 | $79,316 |
| Hourly rate | $28.11 | $38.13 |
| Growth rate | 19% | 11% |
| Number of jobs | 113,216 | 176,369 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 73% |
| Average age | 37 | 44 |
| Years of experience | 6 | 4 |
Product development coordinator positions require skills in time management, multitasking, organization, teamwork, and communication, in addition to being pro-active, process-oriented, and having good initiative. Those who choose this career path will be called on to oversee product life cycles, tracking product distribution, finding ways to gain consumer interest, assisting product launches, filling out paperwork, and reporting data.
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.
Product development coordinators and product analysts have different pay scales, as shown below.
| Product Development Coordinator | Product Analyst | |
| Average salary | $58,473 | $79,316 |
| Salary range | Between $42,000 And $81,000 | Between $56,000 And $111,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | Delaware | Washington |
| Best paying company | Intuitive Surgical | Meta |
| Best paying industry | Manufacturing | Technology |
There are a few differences between a product development coordinator and a product analyst in terms of educational background:
| Product Development Coordinator | Product Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between product development coordinators' and product analysts' demographics:
| Product Development Coordinator | Product Analyst | |
| Average age | 37 | 44 |
| Gender ratio | Male, 24.2% Female, 75.8% | Male, 53.2% Female, 46.8% |
| Race ratio | Black or African American, 4.8% Unknown, 4.9% Hispanic or Latino, 11.5% Asian, 13.6% White, 65.1% American Indian and Alaska Native, 0.1% | 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% |
| LGBT Percentage | 10% | 12% |