The average salary for a Pricing Analyst is $56,947.
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What Do Pricing Analysts Do?
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.
Pricing analysts are expected to determine the best price point of a service or product for their business. They examine the competition and industry standards, identifying any specific strategies that the competition is using. They may graph data indicating pricing …Read more
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.
Job Satisfaction for Pricing Analyst
Popular Employer Salaries for Pricing Analyst
The top respondents for the job title Pricing Analyst are from the companies Summit Racing Equipment, Northrop Grumman Corporation and C. H. Robinson Worldwide, Inc.. Reported salaries are highest at Federal Express Corporation (FedEx) where the average pay is $75,272. Other companies that offer high salaries for this role include Northrop Grumman Corporation and Nationwide Mutual Insurance Company, earning around $68,288 and $59,476, respectively. C. H. Robinson Worldwide, Inc. pays the lowest at around $47,500. Summit Racing Equipment and Genuine Parts Company also pay on the lower end of the scale, paying $47,605 and $53,901, respectively.
Pricing Analyst Job Listings
What Are Popular Skills for Pricing Analysts?
Skills in Data Analysis, Pricing and Financial Analysis are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Office and Microsoft Excel.
What is the Pay by Experience Level for Pricing Analysts?
An entry-level Pricing Analyst with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $51,459 based on 223 salaries. An early career Pricing Analyst with 1-4 years of experience earns an average total compensation of $56,206 based on 1,238 salaries. A mid-career Pricing Analyst with 5-9 years of experience earns an average total compensation of $63,295 based on 333 salaries. An experienced Pricing Analyst with 10-19 years of experience earns an average total compensation of $63,395 based on 192 salaries. In their late career (20 years and higher), employees earn an average total compensation of $70,614.
Pay Difference by Location
Employees with Pricing Analyst in their job title in Seattle, Washington earn an average of 24.9% more than the national average. These job titles also find higher than average salaries in San Diego, California (12.4% more) and New York, New York (10.8% more). The lowest salaries can be found in Minneapolis, Minnesota (1.3% less) and Atlanta, Georgia (0.7% less).
Years of Experience
This data is based on 2,047 survey responses.