Pricing Analyst Salary

Pricing Analysts in the United States pull down an average of $51K per year. Overall cash earnings for Pricing Analysts stretch from $37K on the lower end to $72K near the top, and the heftiest packages can encompass around $7K from bonuses and $4K from profit sharing. While the company and experience level impact pay for this group, residence is the most influential factor. Job satisfaction for Pricing Analysts is high. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$38,797 - $69,715
(Median)
$39K
$51K
$70K
MEDIAN: $51,137
10%
50%
90%

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$13.30 - $26.82
(Median)
$13
$19
$27
MEDIAN: $18.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$24K$48K$72K
Salary
$38,797 - $69,715  
   
Bonus
$0.00 - $6,838  
Profit Sharing
$309.13 - $4,013  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$36,789 - $71,898  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 1,268
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$14$28$42
Hourly Rate
$13.30 - $26.82  
   
Overtime
$21.70 - $41.96  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$28K$56K$84K
Bonus
$0.00 - $6,838  
   
Profit Sharing
$309.13 - $4,013  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$36,789 - $71,898  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 195
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Job Description for Pricing Analyst

Pricing analysts study pricing to determine the best target price for their business. While many businesses hire a full-time pricing analyst, some are hired as consultants to work on a single project or for a short amount of time.

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Pricing Analyst Tasks

  • Work with cross functional teams to define floor, target and ceiling pricing for project job components.
  • Scope the issue then define, build and implement solution to measure price effectively.
  • Identify, scope and execute strategic price process improvement projects.
  • Proactively communicate metrics and project objectives, status, barriers and results to all levels of the organization.

Common Career Paths for Pricing Analyst


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Though some Pricing Analysts move into positions like Pricing Manager (where the average salary is $83K), this progression is not the norm. A common career progression for a Pricing Analyst is to become a Senior Pricing Analyst or a Senior Financial Analyst. Compared to Pricing Analysts, the first group earns $18K more on average, and the second group earns $23K more.

Pricing Analyst Job Listings

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Popular Employer Salaries for Pricing Analyst


Popular Skills for Pricing Analyst


Pricing Analysts generally report applying a varied skill set to their work. Most notably, skills in SAS, SQL, Project Management, and Financial Analysis are correlated to pay that is above average, with boosts in pay of 7 percent. Those educated in Data Analysis tend to be well versed in Pricing.

Pay by Experience Level for Pricing Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Salaries for the relatively untried average out to around $50K, but survey participants with five to 10 years of experience earn a significantly higher median of $58K. Pricing Analysts claiming one to two decades of experience make an estimated median of $61K. Pricing Analysts who claim more than two decades of experience actually make somewhat smaller average paychecks of $52K.

Pay Difference by Location


New York is home to an above-average pay rate for Pricing Analysts, 31 percent higher than the national average. Pricing Analysts will also find cushy salaries in Boston (+22 percent), Los Angeles (+19 percent), San Diego (+17 percent), and Washington (+13 percent). Trailing the national average by 7 percent, Miami is the market with the smallest paychecks.

Pricing Analyst Reviews

What is it like working as a Pricing Analyst?

Pricing Analyst in Fairfax:
"Great."
Pros: The data analysis factor and working with numbers is a key component of the job of which I enjoy. I also enjoy working with smart and positive people.
Cons: Not high speed enough.

Pricing Analyst in Chicago:
Pros: The people are good. Love the work. We have good systems and data. Lower management is good. Job flexibility is good.
Cons: Merit raises (the only raises you get) are awful as they often only meet CPI or are less which does not lend to making you feel you did a good job. Bonus' have to be wrangled though they were promised during the hiring process. Benefits are cut every year.Too many pats on the back without the accompanying dollars in the paycheck.

Pricing Analyst in Tacoma:
Pros: A lot of flexibility to define own workload, projects, etc. Fascinating to work with the complex data of a trucking company. It's a challenge to find the relevant trends and stories the data tells you about the story of how the company is conducting business. There is a lot of opportunity for someone with vision to simplify the story and optimize operations/sales efforts.
Cons: Little guidance, training, or development. Management feels aloof, bouncing from various meetings. Pay and benefits are weak, and it's difficult to see the direct contribution you make to the overall success of the company.

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Experience Affects Pricing Analyst Salaries




National Average
$51,000


Skills That Affect Pricing Analyst Salaries

SAS
up arrow 7%

SQL
up arrow 6%

Project Management
up arrow 6%

Financial Analysis
up arrow 4%

Statistical Analysis
up arrow 4%

Pricing
up arrow 3%

Data Analysis
up arrow 1%

Microsoft Access
up arrow 1%

Microsoft Excel
0%

National Average
$51,000

Microsoft Office
up arrow 2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 280 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
12%
1-4 years
56%
5-9 years
20%
10-19 years
10%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 84%
vision benefits Vision: 71% employee benefits None: 8%
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