Pricing Analyst Salary

For Pricing Analysts, annual average wages total $55K per year. In the world of Pricing Analysts, overall cash allowance can occasionally include more than $7K from bonuses and, in some exceptional cases, $6K from profit sharing, causing incomes to vary widely between $40K and $77K. The most influential factor affecting pay for this group is the specific employer, though the particular city and years of experience have a (lesser) impact as well. Women are just slightly outnumbered, with male Pricing Analysts making up 59 percent of survey respondents. A large number enjoy medical while most get dental coverage. Vision coverage is also available to a fair number. Most Pricing Analysts are fairly content with their jobs, and work satisfaction falls in line with the national average. This report is based on answers to PayScale's salary questionnaire.
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$41,629 - $75,150
$42K
$55K
$75K
MEDIAN: $54,848
10%
50%
90%

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$13.07 - $25.29
$13
$19
$25
MEDIAN: $19.01
10%
50%
90%

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$0$76K
Salary $41,629 - $75,150
Bonus $157.50 - $7,410
Profit Sharing $1,014 - $6,243
Commission $14,000
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).
)
$39,675 - $76,737
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 1,013
Hourly Data $0$39
Hourly Rate $13.07 - $25.29
Overtime $21.54 - $39.66
Annual Data $0$76K
Bonus $157.50 - $7,410
Commission $14,000
Profit Sharing $1,014 - $6,243
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).
)
$39,675 - $76,737
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 149

Find Out Exactly What You Should Be Paid

United States (change)

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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

  • 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.
  • 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.

Common Career Paths for Pricing Analyst


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It's not very common for Pricing Analysts to move on to become Pricing Managers. Average pay for a Pricing Manager is $83K annually. Typical career progression for a Pricing Analyst involves becoming a Senior Pricing Analyst or a Senior Financial Analyst, roles that pay $16K more and $21K more on average.

Pricing Analyst Job Listings

Popular Employer Salaries for Pricing Analyst


Pricing Analysts flock to Science Applications International Corporation (SAIC), Nationwide Mutual Insurance Company, Sears Holdings Corporation, J.P. Morgan Chase & Co. (JPMCC), and Advance Auto Parts, Inc., highly regarded companies that employ a generous number of people in this profession. Heading up the field in terms of compensation, Northrop Grumman Corporation offers the most; Pricing Analysts earn $67K on average there. Pricing Analysts can also look forward to large paychecks at Science Applications International Corporation (SAIC) ($62K), Ricoh Corporation ($59K), and Nationwide Mutual Insurance Company ($58K).

A few other companies with smaller-than-average paychecks include Advance Auto Parts, Inc. ($45K), J.P. Morgan Chase & Co. (JPMCC) ($52K), and R.R. Donnelley & Sons Company ($52K).

Popular Skills for Pricing Analyst


Pricing Analysts seem to exploit a large range of skills on the job. Most notably, skills in Data Modeling, Tableau Software, Project Management, and SAS are correlated to pay that is above average, with boosts between 12 percent and 19 percent. Skills that seem to negatively impact pay include Set Pricing Levels, Microsoft Word, and Salesforce. Those educated in Data Analysis tend to be well versed in Pricing.

Pay by Experience Level for Pricing Analyst

Pay by Experience for a Pricing Analyst has a positive trend. An entry-level Pricing Analyst with less than 5 years of experience can expect to earn an average total compensation of $52,000 based on 891 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Pricing Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $61,000 based on 262 salaries. An experienced Pricing Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $62,000 based on 129 salaries. A Pricing Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $63,000 based on 34 salaries.

Pay Difference by Location

National Average: $54,666

Larger city markers indicate a job is popular in that location.

For those looking to make money, Pricing Analysts in New York enjoy an exceptional pay rate, 18 percent above the national average. Pricing Analysts will also find cushy salaries in Boston (+13 percent), San Diego (+13 percent), Washington (+10 percent), and Chicago (+7 percent). Trailing the national average by 20 percent, Oshkosh is the market with the smallest paychecks. Irvine and Milwaukee are a couple other places where companies are known to pay below the median — salaries are 12 percent lower and 7 percent lower, respectively.

Pricing Analyst Reviews

Q: What is it like working as a Pricing Analyst?

Pricing Analyst in Irvine:
"Overworked and Underpaid."
Pros: I enjoy the coworkers I have, they make the work less dreadful and the day go by quicker.
Cons: The work is repetitive, the office has a poor atmosphere, there is no employee appreciation or consideration.

Pricing Analyst in Woodridge:
"Great job however, not rewarding."
Pros: I appreciate the trust given to me with my work. The relationships developed within the entire company are very rewarding to me. We are now in a different location which is now safer and pleasant.
Cons: I wish there was more communication within my dept. I feel my mgr should be more involved with problems and display appreciation to us. A little acknowledgement would be nice from the higher ups too. Very displeased with lack of raises over the last 22 years.

Pricing Analyst in Port Huron:
"Like it. It's challenging."
Pros: The challenge.
Cons: Amount of work.

Pricing Analyst in Pittsburgh:
"Great company."
Pros: Great benefits and flexibility. Work and work load aren't too bad.
Cons: The office is a stuffy stomp sphere, I wish it were more friendly.

Pricing Analyst in Pittsburgh:
"Great company."
Pros: The work isn't bad and the benefits are good. They're flexible.
Cons: The atmosphere is stuffy and I wish it was more of a friendly atmosphere.

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.

Related Job Salaries

Key Stats for Pricing Analyst

Gender

Female
41 %
Male
59 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 168 votes.
Less than 1 year
12%
1-4 years
59%
5-9 years
17%
10-19 years
10%
20 years or more
3%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Pricing Analyst Salaries

▲15%

▲14%

▲11%

National Average
$55,000

▼5%

Skills That Affect Pricing Analyst Salaries

Data Modeling
▲19%

Tableau Software
▲15%


SAS
▲4%



SQL
▲2%


National Average
$55,000

Microsoft Excel
▼1%

Pricing
▼1%

Microsoft Office
▼1%

▼5%

Financial Reporting
▼5%

Microsoft Word
▼9%

Set Pricing Levels
▼13%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 168 votes.

Gender

Female
41 %
Male
59 %

Years of Experience

Less than 1 year
12%
1-4 years
59%
5-9 years
17%
10-19 years
10%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 83%
vision benefits
Vision: 73%
no benefits
None: 10%
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