Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between senior market 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 senior market research analyst and a pricing analyst. Additionally, a senior market research analyst has an average salary of $88,261, which is higher than the $64,168 average annual salary of a pricing analyst.
The top three skills for a senior market research analyst include data analysis, powerpoint and SPSS. The most important skills for a pricing analyst are pricing strategy, strong analytical, and customer service.
| Senior Market Research Analyst | Pricing Analyst | |
| Yearly salary | $88,261 | $64,168 |
| Hourly rate | $42.43 | $30.85 |
| Growth rate | 19% | 19% |
| Number of jobs | 77,533 | 73,462 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 75% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
A Senior Market Research Analyst specializes in providing analytical services to optimize marketing operations. They are responsible for understanding the company and marketing projects' needs, performing extensive market research and analysis, conducting surveys and assessments, identifying client and business opportunities, and developing strategies to optimize operations. They may also help in creating and implementing solutions against issues and concerns. As a Senior Market Research Analyst, it is essential to lead and serve as a mentor to junior analysts, all while promoting and enforcing company policies and regulations.
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.
Senior market research analysts and pricing analysts have different pay scales, as shown below.
| Senior Market Research Analyst | Pricing Analyst | |
| Average salary | $88,261 | $64,168 |
| Salary range | Between $65,000 And $118,000 | Between $46,000 And $89,000 |
| Highest paying City | Seattle, WA | Seattle, WA |
| Highest paying state | Washington | Washington |
| Best paying company | Xoom | Apple |
| Best paying industry | Health Care | Finance |
There are a few differences between a senior market research analyst and a pricing analyst in terms of educational background:
| Senior Market Research Analyst | Pricing Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between senior market research analysts' and pricing analysts' demographics:
| Senior Market Research Analyst | Pricing Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 49.3% Female, 50.7% | Male, 53.3% Female, 46.7% |
| Race ratio | Black or African American, 4.7% Unknown, 4.9% Hispanic or Latino, 11.2% Asian, 14.2% White, 64.9% 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% |