Pricing Analyst Salary (United States)

A relatively junior crowd, around three-quarters of Pricing Analysts have fewer than five years of experience under their belt and the average salary for the field is $50,073 annually. The top of the range reaches $69,850 per year, and the bottom approaches $35,869. Overall cash allowance—including $6,358 bonuses and $4,027 profit sharing proceeds—ranges between $37,542 and $68,233. Residency is the biggest factor affecting pay for this group, followed by career length. The vast majority of folks in this line of work enjoy health insurance benefits; the vast majority receive both medical and dental insurance and more than half get vision plans. Job satisfaction is high and work is enjoyable for most Pricing Analysts. This report is based on responses to the PayScale salary survey.
Pricing Analyst Salary (?
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.
)
$37,542 - $68,233
(Median)
38K
44K
50K
59K
68K
MEDIAN: $50,167
10%
25%
50%
75%
90%
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Pricing Analyst Salary (?
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.
)
$13.37 - $28.72
(Median)
13
16
19
22
29
MEDIAN: $18.00
10%
25%
50%
75%
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
$37,542 - $68,233  
   
Bonus
$0.00 - $6,358  
Profit Sharing
$297.99 - $4,027  
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).
)
$35,869 - $69,850  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 1,198
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
$13.37 - $28.72  
   
Overtime
$20.67 - $43.64  
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 - $6,358  
   
Profit Sharing
$297.99 - $4,027  
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).
)
$35,869 - $69,850  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 189
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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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There are some Pricing Analysts—though it's uncommon—that transition into Pricing Managers, where earnings can rise by $31K annually. It is quite typical for Pricing Analysts to transition into roles as Sr. Pricing Analysts or Senior Financial Analysts, where expected earnings are an additional $18,079 or $24K per year.

Pricing Analyst Job Listings

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Popular Skills for Pricing Analyst

Survey results imply that Pricing Analysts put a diverse skill set to use. Most notably, skills in SAS, SQL, Statistical Analysis, and Financial Analysis are correlated to pay that is above average, with boosts of 9 percent, 9 percent, 7 percent, and 7 percent, respectively. 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.
Beginning workers can expect to earn $49K starting out, which grows to $56K after five to 10 years. Salary comes to $59K after 10 to 20 years. For Pricing Analysts, two decades of experience in the field often means a drop in salary—average earnings fall to $57K. Experienced employees who have 10-20 years of experience make up less than 10 of the workforce; inexperienced individuals who have been working for less than one year comprise 14 percent, and senior people with more than 20 years under their belt fill out the remaining less than five. One to nine years of experience is standard for most employees in this area; most of respondents fit between this range.

Pay Difference By Location

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Washington
up arrow 5%
Columbus
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Boston
up arrow 5%
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Seattle
up arrow 2%
Cleveland
0%
National Average
$50,000
Dallas
up arrow 1%
Minneapolis
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Philadelphia
up arrow 8%
Larger circles over a city indicate a job is popular in that location.
For Pricing Analysts, New York provides a pay rate that is 25 percent greater than the national average. Pricing Analysts can also look forward to large paychecks in cities like Houston (+6 percent), Denver (+6 percent), Columbus (+5 percent), and Boston (+5 percent). The lowest-paying market is Philadelphia, which sits 8 percent below the national average. Not at the bottom but still paying below the median are employers in Miami and Phoenix (-7 percent and -4 percent, respectively).

Pricing Analyst Reviews

What is it like working as a Pricing Analyst?
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

Experience Affects Pricing Analyst Salaries

National Average
$50,000

Skills That Affect Pricing Analyst Salaries

SQL
up arrow 9%
SAS
up arrow 9%
Statistical Analysis
up arrow 7%
up arrow 5%
Microsoft Excel
up arrow 3%
Data Analysis
up arrow 3%
Microsoft Access
up arrow 2%
National Average
$50,000
Microsoft Office
up arrow 1%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 356 votes.

Gender

Female
40%
female alumni
 
Male
60%
male alumni

Years of Experience

Less than 1 year
14%
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%
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