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The differences between product development coordinators and research analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a product development coordinator and a research analyst. Additionally, a research analyst has an average salary of $70,232, 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 research analyst are data analysis, data collection, and research projects.
| Product Development Coordinator | Research Analyst | |
| Yearly salary | $58,473 | $70,232 |
| Hourly rate | $28.11 | $33.77 |
| Growth rate | 19% | 19% |
| Number of jobs | 113,216 | 81,374 |
| Job satisfaction | - | 4.5 |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 70% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
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 research analyst is responsible for providing a company with insights and advice concerning finance, investments, and expenditures. Utilizing their analytical skills and extensive expertise in marketing, they analyze the trends and significant factors to conclude which decision should be the best to make. They can also take part in conducting an in-depth analysis of a business and examine which areas require improvement or has potential. Furthermore, they may work with a company or independently as a freelance analyst.
Product development coordinators and research analysts have different pay scales, as shown below.
| Product Development Coordinator | Research Analyst | |
| Average salary | $58,473 | $70,232 |
| Salary range | Between $42,000 And $81,000 | Between $45,000 And $107,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | Delaware | Washington |
| Best paying company | Intuitive Surgical | The Citadel |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a product development coordinator and a research analyst in terms of educational background:
| Product Development Coordinator | Research Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between product development coordinators' and research analysts' demographics:
| Product Development Coordinator | Research Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 24.2% Female, 75.8% | Male, 50.8% Female, 49.2% |
| 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, 4.7% Unknown, 4.9% Hispanic or Latino, 11.3% Asian, 14.3% White, 64.7% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 10% | 10% |