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The differences between senior pricing analysts and pricing managers 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 a pricing manager takes usually requires 8-10 years. Additionally, a pricing manager has an average salary of $109,525, which is higher than the $74,660 average annual salary of a senior 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 manager are analytics, pricing strategy, and strategic pricing.
| Senior Pricing Analyst | Pricing Manager | |
| Yearly salary | $74,660 | $109,525 |
| Hourly rate | $35.89 | $52.66 |
| Growth rate | 19% | 10% |
| Number of jobs | 61,987 | 119,997 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 66% |
| Average age | 37 | 39 |
| Years of experience | 6 | 10 |
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 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 pricing analysts and pricing managers have different pay scales, as shown below.
| Senior Pricing Analyst | Pricing Manager | |
| Average salary | $74,660 | $109,525 |
| Salary range | Between $57,000 And $96,000 | Between $80,000 And $149,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | Arizona |
| Best paying company | McKinsey & Company Inc | |
| Best paying industry | Manufacturing | Technology |
There are a few differences between a senior pricing analyst and a pricing manager in terms of educational background:
| Senior Pricing Analyst | Pricing Manager | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between senior pricing analysts' and pricing managers' demographics:
| Senior Pricing Analyst | Pricing Manager | |
| Average age | 37 | 39 |
| Gender ratio | Male, 62.2% Female, 37.8% | Male, 57.8% Female, 42.2% |
| 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, 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% |