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The differences between research 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 research analyst and a pricing analyst. Additionally, a research analyst has an average salary of $70,232, which is higher than the $64,168 average annual salary of a pricing analyst.
The top three skills for a research analyst include data analysis, data collection and research projects. The most important skills for a pricing analyst are pricing strategy, strong analytical, and customer service.
| Research Analyst | Pricing Analyst | |
| Yearly salary | $70,232 | $64,168 |
| Hourly rate | $33.77 | $30.85 |
| Growth rate | 19% | 19% |
| Number of jobs | 81,374 | 73,462 |
| Job satisfaction | 4.5 | 5 |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 75% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
A research analyst is responsible for providing a company with insights and advice concerning finance, investments, and expenditures. Utilizing their analytical skills and extensive expertise in marketing, they analyze the trends and significant factors to conclude which decision should be the best to make. They can also take part in conducting an in-depth analysis of a business and examine which areas require improvement or has potential. Furthermore, they may work with a company or independently as a freelance analyst.
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.
Research analysts and pricing analysts have different pay scales, as shown below.
| Research Analyst | Pricing Analyst | |
| Average salary | $70,232 | $64,168 |
| Salary range | Between $45,000 And $107,000 | Between $46,000 And $89,000 |
| Highest paying City | Seattle, WA | Seattle, WA |
| Highest paying state | Washington | Washington |
| Best paying company | The Citadel | Apple |
| Best paying industry | Finance | Finance |
There are a few differences between a research analyst and a pricing analyst in terms of educational background:
| Research Analyst | Pricing Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between research analysts' and pricing analysts' demographics:
| Research Analyst | Pricing Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 50.8% Female, 49.2% | Male, 53.3% Female, 46.7% |
| Race ratio | Black or African American, 4.7% Unknown, 4.9% Hispanic or Latino, 11.3% Asian, 14.3% White, 64.7% 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% |