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The differences between resource 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 resource analyst, becoming a pricing analyst takes usually requires 4-6 years. Additionally, a resource analyst has an average salary of $68,662, which is higher than the $64,168 average annual salary of a pricing analyst.
The top three skills for a resource analyst include resource management, customer satisfaction and financial analysis. The most important skills for a pricing analyst are pricing strategy, strong analytical, and customer service.
| Resource Analyst | Pricing Analyst | |
| Yearly salary | $68,662 | $64,168 |
| Hourly rate | $33.01 | $30.85 |
| Growth rate | 11% | 19% |
| Number of jobs | 90,118 | 73,462 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 75% |
| Average age | 44 | 37 |
| Years of experience | 4 | 6 |
A resource analyst is responsible for conducting data and statistical analysis, analyzing trends research, and identifying cost-reduction opportunities that would generate revenues and increase profits. Resource analysts evaluate budgeting and financial transactions and implement strategical methodologies to improve business operations, project management, and customer relationships. They also monitor the resource management of the business by coordinating with third-party providers and the senior management to facilitate operational concerns and requests for collaborative partnerships with the clients.
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.
Resource analysts and pricing analysts have different pay scales, as shown below.
| Resource Analyst | Pricing Analyst | |
| Average salary | $68,662 | $64,168 |
| Salary range | Between $48,000 And $97,000 | Between $46,000 And $89,000 |
| Highest paying City | Bethesda, MD | Seattle, WA |
| Highest paying state | New Jersey | Washington |
| Best paying company | Mayo Clinic | Apple |
| Best paying industry | - | Finance |
There are a few differences between a resource analyst and a pricing analyst in terms of educational background:
| Resource Analyst | Pricing Analyst | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between resource analysts' and pricing analysts' demographics:
| Resource Analyst | Pricing Analyst | |
| Average age | 44 | 37 |
| Gender ratio | Male, 46.3% Female, 53.7% | Male, 53.3% Female, 46.7% |
| Race ratio | Black or African American, 8.6% Unknown, 4.5% Hispanic or Latino, 9.3% Asian, 11.6% White, 65.9% 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% |