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Business Manager - Product Economics

Apple, Inc.
United States, California, Cupertino
April 18, 2024
Summary Posted: Apr 15, 2024 Weekly Hours: 40 Role Number: 200547339 The Business Manager - Product Economics at Apple specializes in advanced economic analysis and forecasting to guide decision-making for the Mac portfolio across a diverse range of markets, each with distinct economic variables. The individual will partner with multiple teams and consider a multitude of economic data-points to find the right equilibrium of demand and supply for our hall-mark product lines. The role requires advanced expertise in key macroeconomic and microeconomic theories, including a robust grasp of price elasticity. For international pricing decisions, the Product Economics Manager closely monitors the actions of central banks, notably the US Federal Reserve, analyzing their impact on foreign currency valuations and interest rates. Key Qualifications Advanced degree in Economics or a related quantitative field with a focus on financial economics At least three years of total work experience - ideally 1 year of international work experience Extensive experience in economic analysis and pricing strategy development, preferably in a multinational corporation or global market context. Proficiency in econometric modeling, statistical analysis, and forecasting techniques. Strong understanding of macroeconomic and microeconomic theories and their practical applications in diverse markets. Excellent communication and collaboration skills, with the ability to effectively convey complex economic concepts to cross-functional teams. Strong project management skills, with the ability to manage multiple priorities and deliver results in a fast-paced, dynamic environment. Description - Conduct rigorous economic analysis utilizing techniques such as economic regression analysis to inform strategic decision-making processes for Apple's Mac portfolio across multiple countries and economic environments - Integrate macroeconomic and microeconomic theories, including concepts such as price elasticity, into product strategy development and pricing decisions - Monitor and analyze the actions of central banks, particularly the US Federal Reserve, to assess their impacts on currency valuations, interest rates, and international market trends. - Collaborate with cross-functional teams to develop pricing strategies that optimize revenue and market competitiveness across diverse international markets. - Utilize econometric models to assess the impact of independent and correlated variables on product demand and pricing elasticity - Provide strategic guidance on currency hedging strategies to mitigate risks associated with foreign exchange fluctuations - Drive continuous improvement in economic analysis methodologies and processes, incorporating feedback from market analysis and competitive benchmarking - Apply advanced economic analysis techniques to identify and assess disparate economic value drivers across various markets - Be a player-coach and mentor interns, new Analysts on the team with undergraduate Economics degrees Education & Experience Advanced degree in Economics or a related quantitative field, with a focus on economic analysis. Additional Requirements Pay & Benefits At Apple, base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay range for this role is between $105,200.00 and $158,100.00, and your base pay will depend on your skills, qualifications, experience, and location. Apple employees also have the opportunity to become an Apple shareholder through participation in Apple's discretionary employee stock programs. Apple employees are eligible for discretionary restricted stock unit awards, and can purchase Apple stock at a discount if voluntarily participating in Apple's Employee Stock Purchase Plan. You'll also receive benefits including: Comprehensive medical and dental coverage, retirement benefits, a range of discounted products and free services, and for formal education related to advancing your career at Apple, reimbursement for certain educational expenses - including tuition. Additionally, this role might be eligible for discretionary bonuses or commission payments as well as relocation. Learn more about Apple Benefits. Note: Apple benefit, compensation and employee stock programs are subject to eligibility requirements and other terms of the applicable plan or program. Apple is an equal opportunity employer that is committed to inclusion and diversity. We take affirmative action to ensure equal opportunity for all applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, Veteran status, or other legally protected characteristics.