Purchase analyst vs pricing analyst

The differences between purchase analysts and pricing analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a purchase analyst, becoming a pricing analyst takes usually requires 4-6 years. Additionally, a purchase analyst has an average salary of $64,581, which is higher than the $64,168 average annual salary of a pricing analyst.

The top three skills for a purchase analyst include purchase orders, supplier performance and continuous improvement. The most important skills for a pricing analyst are pricing strategy, strong analytical, and customer service.

Purchase analyst vs pricing analyst overview

	Purchase Analyst	Pricing Analyst
Yearly salary	$64,581	$64,168
Hourly rate	$31.05	$30.85
Growth rate	11%	19%
Number of jobs	88,542	73,462
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 75%
Average age	44	37
Years of experience	4	6

What does a purchase analyst do?

A purchase analyst is responsible for looking at the market outlook and determining what and when to buy when ordering supplies. They are responsible for making an investment in a product or technology, and contracting with vendors. You have varied duties and responsibilities that include researching product prices and comparisons, determining price history and cost-effectiveness, and providing leadership for logistics, resource management decisions, and sourcing. You will also be responsible for purchasing equipment from suppliers and working closely with leadership to develop sourcing strategies.

What does a pricing analyst do?

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.

Purchase analyst vs pricing analyst salary

Purchase analysts and pricing analysts have different pay scales, as shown below.

	Purchase Analyst	Pricing Analyst
Average salary	$64,581	$64,168
Salary range	Between $42,000 And $98,000	Between $46,000 And $89,000
Highest paying City	Milford, MA	Seattle, WA
Highest paying state	New Jersey	Washington
Best paying company	MPS Horticulture	Apple
Best paying industry	Retail	Finance

Differences between purchase analyst and pricing analyst education

There are a few differences between a purchase analyst and a pricing analyst in terms of educational background:

	Purchase Analyst	Pricing Analyst
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 75%
Most common major	Business	Business
Most common college	Northwestern University	University of Pennsylvania

Purchase analyst vs pricing analyst demographics

Here are the differences between purchase analysts' and pricing analysts' demographics:

	Purchase Analyst	Pricing Analyst
Average age	44	37
Gender ratio	Male, 45.8% Female, 54.2%	Male, 53.3% Female, 46.7%
Race ratio	Black or African American, 8.4% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 10.6% White, 67.2% American Indian and Alaska Native, 0.2%	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	12%	10%

Differences between purchase analyst and pricing analyst duties and responsibilities

Purchase analyst example responsibilities.

Transport purchases and contract and manage carriers (freight forwarders in order to arrange and manage the transportation of purchases.
Write RFI and RFP documents and manage the process for each.
Compile and manage the RFP excel database containing incumbent supplier pricing and alternative supplier pricing.
Manage purchasing data within proprietary applications and ERP systems with accuracy.
Manage and determine obsolete and/or slow moving inventory for all above mention commodities.
Manage factory activities for key commodities encompassing resource management in materials and production.

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Pricing analyst example responsibilities.

Manage all aspects of Medicare and PHS.
Lead team during change windows and coordinate IPLs/IMLs.
Identify and qualify leads using web-search methods, social media and LinkedIn.
Manage seamless and accurate flow of data between CRM and ERP; troubleshoot and resolve integration failures.
Manage & maintain daily/monthly PPC spends for multiple clients to ensure each campaigns meet the desired performance metrics.
Work with current Google AdWords to help optimize PPC advertising in both SEM & display network to achieve marketing goals.

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Purchase analyst vs pricing analyst skills

Common purchase analyst skills

Purchase Orders, 13%
Supplier Performance, 11%
Continuous Improvement, 5%
ERP, 5%
Cost Analysis, 5%
Logistics, 4%

Common pricing analyst skills

Pricing Strategy, 6%
Strong Analytical, 6%
Customer Service, 6%
Data Analysis, 6%
SQL, 5%
Financial Analysis, 4%

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Updated January 8, 2025

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