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The differences between senior pricing analysts and senior research 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 senior research analyst. Additionally, a senior research analyst has an average salary of $75,056, 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 senior research analyst are analytics, data analysis, and data collection.
| Senior Pricing Analyst | Senior Research Analyst | |
| Yearly salary | $74,660 | $75,056 |
| Hourly rate | $35.89 | $36.08 |
| Growth rate | 19% | 19% |
| Number of jobs | 61,987 | 71,891 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 68% |
| 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.
The duties of a senior research analyst depend on one's line of work or industry of employment. Typically, their responsibilities revolve around coordinating with different departments to gather necessary data, performing research and analysis to identify consumer and market needs, finding new business opportunities, and devising strategies to optimize workflow and workforce processes. Furthermore, as a senior research analyst, it is essential to lead and encourage the team members and serve as a mentor to junior analysts, all while implementing the company's policies and regulations.
Senior pricing analysts and senior research analysts have different pay scales, as shown below.
| Senior Pricing Analyst | Senior Research Analyst | |
| Average salary | $74,660 | $75,056 |
| Salary range | Between $57,000 And $96,000 | Between $57,000 And $98,000 |
| Highest paying City | San Francisco, CA | Olympia, WA |
| Highest paying state | Washington | Washington |
| Best paying company | JPMorgan Chase & Co. | |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a senior pricing analyst and a senior research analyst in terms of educational background:
| Senior Pricing Analyst | Senior Research Analyst | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Georgia |
Here are the differences between senior pricing analysts' and senior research analysts' demographics:
| Senior Pricing Analyst | Senior Research Analyst | |
| Average age | 37 | 37 |
| Gender ratio | Male, 62.2% Female, 37.8% | Male, 54.1% Female, 45.9% |
| 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, 4.7% Unknown, 4.9% Hispanic or Latino, 11.2% Asian, 14.1% White, 65.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 10% | 10% |