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The differences between senior pricing analysts and product 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 a product analyst takes usually requires 2-4 years. Additionally, a product analyst has an average salary of $79,316, 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 product analyst are tableau, data analysis, and product management.
| Senior Pricing Analyst | Product Analyst | |
| Yearly salary | $74,660 | $79,316 |
| Hourly rate | $35.89 | $38.13 |
| Growth rate | 19% | 11% |
| Number of jobs | 61,987 | 176,369 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 73% |
| 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.
A product analyst job utilizes data analysis software and notates trends in market research. Primarily, analysts project the costs of product development and marketing. They think of the possibilities for profit and sales and monitor the performance of products on the market to come up with a better product. Their responsibilities include company product evaluation, product understanding, and product rating reviews. Familiarity with Microsoft Office Suite, strong communication skills, and proficiency in database software is necessary for this job.
Senior pricing analysts and product analysts have different pay scales, as shown below.
| Senior Pricing Analyst | Product Analyst | |
| Average salary | $74,660 | $79,316 |
| Salary range | Between $57,000 And $96,000 | Between $56,000 And $111,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | Washington | Washington |
| Best paying company | Meta | |
| Best paying industry | Manufacturing | Technology |
There are a few differences between a senior pricing analyst and a product analyst in terms of educational background:
| Senior Pricing Analyst | Product Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between senior pricing analysts' and product analysts' demographics:
| Senior Pricing Analyst | Product Analyst | |
| Average age | 37 | 44 |
| Gender ratio | Male, 62.2% Female, 37.8% | Male, 53.2% Female, 46.8% |
| 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, 7.6% Unknown, 4.5% Hispanic or Latino, 8.5% Asian, 14.6% White, 64.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 12% |