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The differences between senior merchandising managers and pricing managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 8-10 years to become both a senior merchandising manager and a pricing manager. Additionally, a senior merchandising manager has an average salary of $111,266, which is higher than the $109,525 average annual salary of a pricing manager.
The top three skills for a senior merchandising manager include direct reports, digital marketing and SR. The most important skills for a pricing manager are analytics, pricing strategy, and strategic pricing.
| Senior Merchandising Manager | Pricing Manager | |
| Yearly salary | $111,266 | $109,525 |
| Hourly rate | $53.49 | $52.66 |
| Growth rate | 10% | 10% |
| Number of jobs | 66,332 | 119,997 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 66% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
The primary job of a senior merchandising manager is to monitor market trends for product design, levels, and pricing identification. Senior merchandising managers source, manage and curate the products and/or services and promotional materials of a company. They oversee the purchasing process of corporations. It is part of their job to negotiate with the company's suppliers. Their duties also include predicting the trends and demands of corporate inventory.
Pricing managers are employees who oversee the pricing needs of the organization. They identify the best pricing schemes for the company's product or service offerings. To do this, pricing managers analyze industry trends and current events. They study the target market and their spending behavior. They also coordinate with different departments, such as the production department to get the cost of production and the human resources department to get overhead costs. They also factor in different operational costs. Once they get this data, they determine the best pricing for the goods. Pricing managers also have a say in company tie-ups and client proposals to ensure that the company will not get the losing end of the stick with such partnerships.
Senior merchandising managers and pricing managers have different pay scales, as shown below.
| Senior Merchandising Manager | Pricing Manager | |
| Average salary | $111,266 | $109,525 |
| Salary range | Between $79,000 And $155,000 | Between $80,000 And $149,000 |
| Highest paying City | San Bruno, CA | San Francisco, CA |
| Highest paying state | California | Arizona |
| Best paying company | Chewy | McKinsey & Company Inc |
| Best paying industry | Manufacturing | Technology |
There are a few differences between a senior merchandising manager and a pricing manager in terms of educational background:
| Senior Merchandising Manager | Pricing Manager | |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between senior merchandising managers' and pricing managers' demographics:
| Senior Merchandising Manager | Pricing Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 49.2% Female, 50.8% | Male, 57.8% Female, 42.2% |
| Race ratio | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 10% |