Median pay for Pricing Analysts in the United States lies in the neighborhood of $53K per year. Total cash compensation to Pricing Analysts ranges from $39K on the lower end to $74K on the higher end; the final number includes potential for approximately $7K each from bonuses and profit sharing in exceptional cases. Compensation for this group is mainly affected by the company, but the particular city and experience level are influential factors as well. For the most part, Pricing Analysts enjoy their work and report high levels of job satisfaction. A large number report receiving medical coverage from their employers and most collect dental insurance. Men make up a slight majority of Pricing Analysts (58 percent) who responded to the survey. This snapshot results from replies to PayScale's salary survey.
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$40,359 - $72,870
(Median)
$40K
$53K
$73K
MEDIAN: $53,294
10%
50%
90%

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$13.07 - $24.76
(Median)
$13
$19
$25
MEDIAN: $18.00
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
$40,359 - $72,870  
   
Bonus
$297.48 - $7,297  
Profit Sharing
$983 - $7,000  
Commission
$13,000  
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).
)
$38,696 - $74,495  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 1,009
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$14$28$42
Hourly Rate
$13.07 - $24.76  
   
Overtime
$21.40 - $40.87  
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$28K$56K$84K
Bonus
$297.48 - $7,297  
   
Commission
$13,000  
Profit Sharing
$983 - $7,000  
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).
)
$38,696 - $74,495  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 148
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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 Pricing Analysts do not often become Pricing Managers, the job pays $83K per year on average. When Pricing Analysts are ready for the next step in their careers, they often become Senior Pricing Analysts or Senior Financial Analysts. Those roles pay an additional $17K and $23K, respectively.

Pricing Analyst Job Listings

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Popular Employer Salaries for Pricing Analyst


Dominating the field, Science Applications International Corporation (SAIC), Nationwide Mutual Insurance Company, Sears Holdings Corporation, J.P. Morgan Chase & Co. (JPMCC), and Advance Auto Parts, Inc. are top firms with a reputation for hiring a great number of Pricing Analysts. Pricing Analysts seeking a sizable paycheck can earn the most at Northrop Grumman Corporation, where the average salary comes to $67K. Those in search of high salaries should also consider Science Applications International Corporation (SAIC), Ricoh Corporation, and Nationwide Mutual Insurance Company, top-paying firms where Pricing Analysts rake in a $62K, $59K, or $58K, respectively.

J.P. Morgan Chase & Co. (JPMCC), Advance Auto Parts, Inc., and Sears Holdings Corporation also rank near the bottom for pay, handing out $45K, $45K, and $56K-paychecks on average.

Popular Skills for Pricing Analyst


Pricing Analysts report using a large range of skills on the job. Most notably, skills in Microsoft Word, Project Management, SAS, and Financial Analysis are correlated to pay that is above average, with boosts between 8 percent and 17 percent. Skills that seem to negatively impact pay include Oral / Verbal Communication, Set Pricing Levels, and Salesforce. Most people experienced in 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.


Pricing Analysts do not generally earn higher incomes from more experience in the field. Respondents with less than five years' experience take home $51K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $60K. Pricing Analysts bring in $63K after working for 10 to 20 years. People who have worked for more than 20 years report a median income of $64K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location

National Average: $53,035

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

With a pay rate for Pricing Analysts that is 27 percent greater than the national average, New York offers a comfortable salary for those in this profession. Pricing Analysts will also find cushy salaries in Boston (+18 percent), San Diego (+16 percent), Washington (+14 percent), and Chicago (+11 percent). Miami ranks last in the field for pay, reporting salaries 12 percent below the national average. Two other places where employers offer below-median salaries are Irvine (10 percent less) and Milwaukee (9 percent less).

Pricing Analyst Reviews

What is it like working as a Pricing Analyst at Wesco International, Inc.?

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.

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
$53,000


Skills That Affect Pricing Analyst Salaries

Microsoft Word
up arrow 17%


SAS
up arrow 8%

Financial Analysis
up arrow 4%

Microsoft Access
up arrow 4%

SQL
up arrow 4%

Data Analysis
up arrow 2%

Pricing
up arrow 1%

Microsoft Office
up arrow 1%

Microsoft Excel
0%

National Average
$53,000

Logistics
up arrow 1%

Financial Reporting
up arrow 2%

Salesforce
up arrow 5%

Set Pricing Levels
up arrow 10%

Oral / Verbal Communication
up arrow 15%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 150 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

Less than 1 year
12%
1-4 years
57%
5-9 years
18%
10-19 years
10%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 84%
medical benefits
Vision: 74%
dental benefits
None: 9%
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