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The differences between production analysts and pricing 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 production analyst and a pricing analyst. Additionally, a production analyst has an average salary of $65,302, which is higher than the $64,168 average annual salary of a pricing analyst.
The top three skills for a production analyst include data entry, financial analysis and windows. The most important skills for a pricing analyst are pricing strategy, strong analytical, and customer service.
| Production Analyst | Pricing Analyst | |
| Yearly salary | $65,302 | $64,168 |
| Hourly rate | $31.40 | $30.85 |
| Growth rate | 19% | 19% |
| Number of jobs | 75,978 | 73,462 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 75% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
Production Analysts help manage the production flow of a company's goods or data. They are responsible for optimizing labor cost, volume, and efficiency of production, ensuring quality assurance, correcting equipment failure and hardware problem as well as monitoring production process proactively improving from slowdowns or bottlenecks. They also coordinate employee training or retraining on software or controls to improve efficiency. Production Analysts work with other teams to estimate production runs within the manufacturing or data process. They create production reports for customers and management.
Pricing analysts are responsible for examining competitors' pricing strategies and industry standards to aid businesses in determining and setting competitive pricing. These professionals study consumer habits and behavior to gauge their willingness to pay for products and examine consumer spending. They conduct impact and mathematical analyses, and large-scale research to come up with their conclusions. Other duties and responsibilities include developing revenue forecasts and statistical models, monitoring industry trends, and developing pricing tools that can quickly respond to the rapidly changing market trends and needs.
Production analysts and pricing analysts have different pay scales, as shown below.
| Production Analyst | Pricing Analyst | |
| Average salary | $65,302 | $64,168 |
| Salary range | Between $46,000 And $90,000 | Between $46,000 And $89,000 |
| Highest paying City | Seattle, WA | Seattle, WA |
| Highest paying state | Washington | Washington |
| Best paying company | Apple | Apple |
| Best paying industry | Finance | Finance |
There are a few differences between a production analyst and a pricing analyst in terms of educational background:
| Production Analyst | Pricing Analyst | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between production analysts' and pricing analysts' demographics:
| Production Analyst | Pricing Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 57.2% Female, 42.8% | Male, 53.3% Female, 46.7% |
| Race ratio | Black or African American, 5.2% Unknown, 5.0% Hispanic or Latino, 12.4% Asian, 11.0% White, 66.3% American Indian and Alaska Native, 0.1% | Black or African American, 5.0% Unknown, 5.0% Hispanic or Latino, 12.0% Asian, 13.0% White, 64.9% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 10% | 10% |