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The differences between product development specialists 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 specialist, 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 $70,820 average annual salary of a product development specialist.
The top three skills for a product development specialist include product development, project management and R. The most important skills for a product analyst are tableau, data analysis, and product management.
| Product Development Specialist | Product Analyst | |
| Yearly salary | $70,820 | $79,316 |
| Hourly rate | $34.05 | $38.13 |
| Growth rate | 19% | 11% |
| Number of jobs | 120,487 | 176,369 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 73% |
| Average age | 37 | 44 |
| Years of experience | 6 | 4 |
A product development specialist's role is to facilitate the development of efficient and high-quality products in a company. Their responsibilities typically revolve around performing research and analysis to create business plans, devising strategies to optimize procedures, overseeing the workflow and the performance of the workforce, and establishing guidelines as needed. Furthermore, as a product development specialist, it is essential to coordinate and maintain an active communication line with the rest of the workforce, all while implementing the company's policies and goals.
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 specialists and product analysts have different pay scales, as shown below.
| Product Development Specialist | Product Analyst | |
| Average salary | $70,820 | $79,316 |
| Salary range | Between $42,000 And $117,000 | Between $56,000 And $111,000 |
| Highest paying City | Piscataway, NJ | Seattle, WA |
| Highest paying state | Delaware | Washington |
| Best paying company | Bloomberg | Meta |
| Best paying industry | - | Technology |
There are a few differences between a product development specialist and a product analyst in terms of educational background:
| Product Development Specialist | Product Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between product development specialists' and product analysts' demographics:
| Product Development Specialist | Product Analyst | |
| Average age | 37 | 44 |
| Gender ratio | Male, 49.6% Female, 50.4% | Male, 53.2% Female, 46.8% |
| Race ratio | Black or African American, 4.8% Unknown, 4.9% Hispanic or Latino, 11.5% Asian, 13.7% White, 64.9% 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% |