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The differences between product managers, consumables 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 manager, consumables and a pricing manager. Additionally, a product manager, consumables has an average salary of $122,421, which is higher than the $109,525 average annual salary of a pricing manager.
The top three skills for a product manager, consumables include product management, project management and user experience. The most important skills for a pricing manager are analytics, pricing strategy, and strategic pricing.
| Product Manager, Consumables | Pricing Manager | |
| Yearly salary | $122,421 | $109,525 |
| Hourly rate | $58.86 | $52.66 |
| Growth rate | 10% | 10% |
| Number of jobs | 107,496 | 119,997 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 66% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A product manager of consumables manages a team of professionals that are involved in product development that can increase commission sales. This manager must execute market research for each product category by utilizing online competitive shopping and market trend sources. The manager must develop several new products and launch them while managing the existing brands of the company. This manager must also maintain relationships with business partners and vendors to drive the portfolio.
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 managers, consumables and pricing managers have different pay scales, as shown below.
| Product Manager, Consumables | Pricing Manager | |
| Average salary | $122,421 | $109,525 |
| Salary range | Between $84,000 And $178,000 | 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 | Retail | Technology |
There are a few differences between a product manager, consumables and a pricing manager in terms of educational background:
| Product Manager, Consumables | Pricing Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between product managers, consumables' and pricing managers' demographics:
| Product Manager, Consumables | Pricing Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 55.6% Female, 44.4% | 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% |