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The differences between strategic 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 strategic analyst, becoming a product analyst takes usually requires 2-4 years. Additionally, a strategic analyst has an average salary of $79,476, which is higher than the $79,316 average annual salary of a product analyst.
The top three skills for a strategic analyst include data analysis, powerpoint and email marketing. The most important skills for a product analyst are tableau, data analysis, and product management.
| Strategic Analyst | Product Analyst | |
| Yearly salary | $79,476 | $79,316 |
| Hourly rate | $38.21 | $38.13 |
| Growth rate | 19% | 11% |
| Number of jobs | 87,601 | 176,369 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 73% |
| Average age | 37 | 44 |
| Years of experience | 6 | 4 |
Strategy analysts are professionals who lead the consulting sessions of organizations. The analysts do their duties with rate strategy proposals in line with corporate objectives. They manage a business, determine growth areas, and make model analysis for strategy recommendations. It is also their responsibility to utilize data to solve the primary problems of businesses. Also, they provide significant insights to help organizations. They need to develop skills in management, communication, strategic planning, and attention to detail.
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.
Strategic analysts and product analysts have different pay scales, as shown below.
| Strategic Analyst | Product Analyst | |
| Average salary | $79,476 | $79,316 |
| Salary range | Between $56,000 And $112,000 | Between $56,000 And $111,000 |
| Highest paying City | Redmond, WA | Seattle, WA |
| Highest paying state | Washington | Washington |
| Best paying company | Credit Karma | Meta |
| Best paying industry | Retail | Technology |
There are a few differences between a strategic analyst and a product analyst in terms of educational background:
| Strategic Analyst | Product Analyst | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between strategic analysts' and product analysts' demographics:
| Strategic Analyst | Product Analyst | |
| Average age | 37 | 44 |
| Gender ratio | Male, 56.3% Female, 43.7% | Male, 53.2% Female, 46.8% |
| Race ratio | Black or African American, 4.7% Unknown, 4.9% Hispanic or Latino, 11.3% Asian, 14.3% White, 64.7% 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% |