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The differences between project analysts and product analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a project analyst and a product analyst. Additionally, a product analyst has an average salary of $79,316, which is higher than the $71,174 average annual salary of a project analyst.
The top three skills for a project analyst include project management, data analysis and customer service. The most important skills for a product analyst are tableau, data analysis, and product management.
| Project Analyst | Product Analyst | |
| Yearly salary | $71,174 | $79,316 |
| Hourly rate | $34.22 | $38.13 |
| Growth rate | 11% | 11% |
| Number of jobs | 207,513 | 176,369 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 73% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A project analyst is responsible for overseeing the development of new projects upon completion of data gathering. A project analyst must provide plans and design the project to its full potential. For this, it is essential to conduct extensive research and coordinate with all staff and departments involved through regular reports and various forms of communication. Furthermore, a project analyst must devise strategies to improve particular projects for it to succeed and achieve better results, all in adherence to the company policies and regulations.
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.
Project analysts and product analysts have different pay scales, as shown below.
| Project Analyst | Product Analyst | |
| Average salary | $71,174 | $79,316 |
| Salary range | Between $52,000 And $97,000 | Between $56,000 And $111,000 |
| Highest paying City | Jersey City, NJ | Seattle, WA |
| Highest paying state | New Jersey | Washington |
| Best paying company | Meta | |
| Best paying industry | Manufacturing | Technology |
There are a few differences between a project analyst and a product analyst in terms of educational background:
| Project Analyst | Product Analyst | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Georgia |
Here are the differences between project analysts' and product analysts' demographics:
| Project Analyst | Product Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 57.7% Female, 42.3% | Male, 53.2% Female, 46.8% |
| Race ratio | Black or African American, 8.0% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 13.7% White, 64.8% American Indian and Alaska Native, 0.2% | 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 | 12% | 12% |