Pricing Analyst Salary

Median pay for Pricing Analysts in the United States lies in the neighborhood of $52K per year. Overall incomes of Pricing Analysts generally bottom out at around $37K and peak near $73K; the final number can, in exceptional cases, include upwards of $7K each for bonuses and profit sharing proceeds. This group's pay is mainly influenced by residence, followed by the company and experience level. Medical benefits are awarded to almost all, and a large number earn dental coverage. Job satisfaction for Pricing Analysts is high. This report is based on responses to the PayScale salary survey.
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$39,314 - $70,615
(Median)
$39K
$52K
$71K
MEDIAN: $51,971
10%
50%
90%

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$12.97 - $25.45
(Median)
$13
$19
$25
MEDIAN: $19.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25K$50K$75K
Salary
$39,314 - $70,615  
   
Bonus
$0.00 - $6,939  
Profit Sharing
$357.45 - $6,851  
Commission
$8,500  
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).
)
$37,343 - $72,517  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,420
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$13$26$39
Hourly Rate
$12.97 - $25.45  
   
Overtime
$21.65 - $38.12  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$26K$52K$78K
Bonus
$0.00 - $6,939  
   
Commission
$8,500  
Profit Sharing
$357.45 - $6,851  
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).
)
$37,343 - $72,517  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 217
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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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It's not very common for Pricing Analysts to move on to become Pricing Managers. Average pay for a Pricing Manager is $83K annually. Career advancement for the typical Pricing Analyst often leads to becoming a Senior Pricing Analyst or a Senior Financial Analyst; median salaries in these positions are $18K higher and $23K higher, respectively.

Pricing Analyst Job Listings

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Popular Employer Salaries for Pricing Analyst


Pricing Analysts flock to Science Applications International Corporation (SAIC), Advance Auto Parts, Inc., Wesco International, Inc., Sears Holdings Corporation, and J.P. Morgan Chase & Co. (JPMCC), highly regarded companies that employ a generous number of people in this profession. Pay for Pricing Analysts is best at Science Applications International Corporation (SAIC), which offers a median salary of $62K. However, the highest reported salaries don't seem to be much higher than the lowest ones; the pay range here runs from $56K to $73K.

Advance Auto Parts, Inc. doles out the lowest salaries in town — median pay is $43K — not to mention workers can only make as much as $71K and scope of pay is rather limited.

Popular Skills for Pricing Analyst


Pricing Analysts seem to require a rather large skill set. Most notably, skills in VBA, SAS, Project Management, and SQL are correlated to pay that is above average, with boosts between 5 percent and 16 percent. Skills that seem to negatively impact pay include Salesforce and Financial Reporting. It is often found that people who know Data Analysis are also skilled in Pricing.

Pay by Experience Level for Pricing Analyst

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


Survey participants with less than five years' experience pocket $50K on average, but those with five to 10 years of experience enjoy a much bigger median of $59K. On average, Pricing Analysts make $63K following one to two decades on the job. Survey participants with more than twenty years of experience only make around $59K on average, though; this group reports a lower median than the one claimed by mid-career individuals.

Pay Difference by Location

National Average: $52,038

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

New York is home to an above-average pay rate for Pricing Analysts, 29 percent higher than the national average. Pricing Analysts will also find cushy salaries in San Diego (+19 percent), Washington (+17 percent), Boston (+15 percent), and Columbus (+8 percent). The lowest-paying market is Milwaukee, which sits 9 percent below the national average. Miami and Dallas are a couple other places where companies are known to pay below the median — salaries are 7 percent lower and 4 percent lower, respectively.

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.

Related Job Salaries

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Experience Affects Pricing Analyst Salaries




National Average
$52,000


Skills That Affect Pricing Analyst Salaries

VBA
up arrow 16%

SAS
up arrow 8%

Project Management
up arrow 5%

Financial Analysis
up arrow 4%

SQL
up arrow 4%

Statistical Analysis
up arrow 3%

Microsoft Access
up arrow 2%

Microsoft Excel
up arrow 1%

Data Analysis
up arrow 1%

Pricing
up arrow 1%

Logistics
0%

National Average
$52,000

Microsoft Office
up arrow 2%

Financial Reporting
up arrow 6%

Salesforce
up arrow 13%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 271 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
9%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 84%
medical benefits
Vision: 71%
dental benefits
None: 8%
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