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The differences between senior pricing analysts and analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a senior pricing analyst, becoming an analyst takes usually requires 2-4 years. Additionally, a senior pricing analyst has an average salary of $74,660, which is higher than the $73,007 average annual salary of an analyst.
The top three skills for a senior pricing analyst include pricing strategy, data analysis and SR. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Senior Pricing Analyst | Analyst | |
| Yearly salary | $74,660 | $73,007 |
| Hourly rate | $35.89 | $35.10 |
| Growth rate | 19% | 11% |
| Number of jobs | 61,987 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 67% |
| Average age | 37 | 44 |
| Years of experience | 6 | 4 |
A senior pricing analyst is responsible for evaluating the market competition and pricing statistics to determine the best value that meets the public's demands at the same time works with the company's best interests. Senior pricing analysts identify the efficient pricing strategies for marginal profits and revenues, as well as conducting data and statistical analysis for pricing models and create cost and expenses forecasting. A senior pricing analyst must have excellent knowledge of the marketing industry, as well as possessing analytical skills to measure returns and estimates for product distribution.
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Senior pricing analysts and analysts have different pay scales, as shown below.
| Senior Pricing Analyst | Analyst | |
| Average salary | $74,660 | $73,007 |
| Salary range | Between $57,000 And $96,000 | Between $53,000 And $99,000 |
| Highest paying City | San Francisco, CA | Jersey City, NJ |
| Highest paying state | Washington | New Jersey |
| Best paying company | The Citadel | |
| Best paying industry | Manufacturing | Technology |
There are a few differences between a senior pricing analyst and an analyst in terms of educational background:
| Senior Pricing Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between senior pricing analysts' and analysts' demographics:
| Senior Pricing Analyst | Analyst | |
| Average age | 37 | 44 |
| Gender ratio | Male, 62.2% Female, 37.8% | Male, 52.4% Female, 47.6% |
| Race ratio | Black or African American, 5.3% Unknown, 5.0% Hispanic or Latino, 12.6% Asian, 11.2% White, 65.8% American Indian and Alaska Native, 0.1% | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 12% |