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The differences between senior pricing 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 pricing analyst and a pricing analyst. Additionally, a senior pricing analyst has an average salary of $74,660, which is higher than the $64,168 average annual salary of a pricing analyst.
The top three skills for a senior pricing analyst include pricing strategy, data analysis and SR. The most important skills for a pricing analyst are pricing strategy, strong analytical, and customer service.
| Senior Pricing Analyst | Pricing Analyst | |
| Yearly salary | $74,660 | $64,168 |
| Hourly rate | $35.89 | $30.85 |
| Growth rate | 19% | 19% |
| Number of jobs | 61,987 | 73,462 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 75% |
| Average age | 37 | 37 |
| Years of experience | 6 | 6 |
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.
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 pricing analysts and pricing analysts have different pay scales, as shown below.
| Senior Pricing Analyst | Pricing Analyst | |
| Average salary | $74,660 | $64,168 |
| Salary range | Between $57,000 And $96,000 | Between $46,000 And $89,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | Washington | Washington |
| Best paying company | Apple | |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a senior pricing analyst and a pricing analyst in terms of educational background:
| Senior Pricing Analyst | Pricing Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior pricing analysts' and pricing analysts' demographics:
| Senior Pricing Analyst | Pricing Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 62.2% Female, 37.8% | Male, 53.3% Female, 46.7% |
| 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, 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% |