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Pricing Analyst Salary

Pricing Analysts in the United States can expect wages of $51K per year on average. Cash earnings for Pricing Analysts — including $7K in bonuses and $4K in profit sharing proceeds near the top of the pay scale — generally stretch from $36K to $71K depending on individual performance. The most important factor affecting compensation for this group is location, followed by the company and experience level. Job satisfaction is reported as high by the vast majority of workers. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to the larger part. The majority of Pricing Analysts (60 percent) who took the survey are men. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$38,417 - $68,968
(Median)
$38K
$51K
$69K
MEDIAN: $50,639
10%
50%
90%

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$13.25 - $28.91
(Median)
$13
$19
$29
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
$38,417 - $68,968  
   
Bonus
$0.00 - $6,714  
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).
)
$36,390 - $70,879  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 1,230
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$15$30$45
Hourly Rate
$13.25 - $28.91  
   
Overtime
$21.21 - $42.57  
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$30K$60K$90K
Bonus
$0.00 - $6,714  
   
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).
)
$36,390 - $70,879  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 188

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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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While not commonly seen, Pricing Analysts who transition into a Pricing Manager position may see a rise in pay. The median salary for Pricing Managers is $83K per year. 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 $24K 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, Statistical Analysis, and Financial Analysis are correlated to pay that is above average, with boosts between 5 percent and 7 percent. The majority of those who know Data Analysis also know Pricing.

Pay by Experience Level for Pricing Analyst

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


The average beginner in this position makes around $49K, but folks who have been around for five to 10 years see a markedly higher median salary of $56K. For Pricing Analysts, 10 to 20 years of experience on the job amounts to an average salary of $61K. Pricing Analysts who have racked up more than two decades of experience report lower incomes overall; the average sum for this crowd comes out to only $53K.

Pay Difference by Location


New York offers some of the highest pay in the country for Pricing Analysts, 24 percent above the national average. Pricing Analysts will also find cushy salaries in Los Angeles (+20 percent), San Diego (+16 percent), Washington (+11 percent), and Columbus (+10 percent). Miami is the lowest-paying area, 8 percent south of the national average.

Pricing Analyst Reviews

What is it like working as a Pricing Analyst?

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.

Related Job Salaries

United States (change)

Experience Affects Pricing Analyst Salaries




National Average
$51,000


Skills That Affect Pricing Analyst Salaries

SQL
up arrow 7%

SAS
up arrow 7%


Statistical Analysis
up arrow 5%

Pricing
up arrow 3%

Data Analysis
up arrow 2%

Microsoft Access
up arrow 2%

Microsoft Excel
up arrow 1%

National Average
$51,000

Microsoft Office
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 314 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
13%
1-4 years
57%
5-9 years
19%
10-19 years
9%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 84%
vision benefits Vision: 69% employee benefits None: 7%