Pricing analysts research the market and analyze data to understand the most profitable prices for the products of their company that stay in sync with market demands and yet allows for achieving sufficient revenues. They contribute to developing pricing models and sales strategies while striving to increase the company's competitiveness.
You will have to assess data from various sources to gain insight into market trends and competitors' pricing, market shares and margins, and customers' preferences. Based on these findings, you will advise your company on appropriate pricing strategies.
As a pricing analyst, you will work in an office and use standard office equipment and software. Your input will be important in forecasting trends and avoiding financial risk, allowing your business to quickly and successfully adapt to changes in the market.
How to Become a Pricing Analyst
What is a Pricing Analyst
There is more than meets the eye when it comes to being a Pricing Analyst. For example, did you know that they make an average of $32.73 an hour? That's $68,074 a year!
Between 2018 and 2028, the career is expected to grow 20% and produce 139,200 job opportunities across the U.S.
What Does a Pricing Analyst Do
There are certain skills that many Pricing Analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Detail oriented, Analytical skills and Communication skills.
How To Become a Pricing Analyst
If you're interested in becoming a Pricing Analyst, one of the first things to consider is how much education you need. We've determined that 74.9% of Pricing Analysts have a bachelor's degree. In terms of higher education levels, we found that 13.1% of Pricing Analysts have master's degrees. Even though most Pricing Analysts have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a Pricing Analyst. When we researched the most common majors for a Pricing Analyst, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on Pricing Analyst resumes include Associate Degree degrees or High School Diploma degrees.
You may find that experience in other jobs will help you become a Pricing Analyst. In fact, many Pricing Analyst jobs require experience in a role such as Finance Analyst. Meanwhile, many Pricing Analysts also have previous career experience in roles such as Customer Service Representative or Internship.
What is the right job for my career path?
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And if you’re looking for a job, here are the five top employers hiring now:
Pricing Analyst Career Paths
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a Pricing Analyst can determine their career goals through the career progression. For example, they could start out with a role such as Senior Finance Analyst, progress to a title such as Finance Manager and then eventually end up with the title Finance Vice President.
Pricing Analyst Jobs You Might Like
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Average Salary for a Pricing Analyst
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12 Pricing Analyst Resume Examples
Build a professional pricing analyst resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 12+ resume templates to create your pricing analyst resume.
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Michael Brooks Pricing Analyst |
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Randy Chavez Pricing Analyst Experience Pricing Analyst2012 - Present Boeing•Saint Louis, MO
Strategic Analyst2011 - 2012 Hertz•Bronxville, NY
Merchandising Assistant2010 - 2011 Aeropostale•Bronxville, NY
Skills Product DevelopmentStrategic AnalysisCommunicationSales FloorData AnalysisCost ProposalsInternal SystemsPlan-O-GramsNew ItemsSales Activities Education Bachelor's Degree Accounting2007 - 2010 Monroe College•Bronxville, NY |
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Learn How To Write a Pricing Analyst Resume
At Zippia, we went through countless Pricing Analyst resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.
View Pricing Analyst Resume Examples And TemplatesAnd if you’re looking for a job, here are the five top employers hiring now:
Choose From 10+ Customizable Pricing Analyst Resume templates
Zippia allows you to choose from different easy-to-use Pricing Analyst templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Pricing Analyst resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
Pricing Analyst Demographics
Pricing Analyst Gender Distribution
After extensive research and analysis, Zippia's data science team found that:
- Among Pricing Analysts, 46.7% of them are women, while 53.3% are men.
- The most common race/ethnicity among Pricing Analysts is White, which makes up 69.1% of all Pricing Analysts.
- The most common foreign language among Pricing Analysts is Spanish at 43.3%.
Find the best Pricing Analyst job for you
Pricing Analyst Jobs You Might Like
- High Paying Pricing Analyst Jobs - $91K and Up
- Work From Home Pricing Analyst Jobs
- Entry Level Pricing Analyst Jobs
- Part Time Pricing Analyst Jobs
- Actively Hiring
- No Degree Pricing Analyst Jobs
Top Colleges for Pricing Analysts
1. University of Pennsylvania
Philadelphia, PA • Private
2. University of Georgia
Athens, GA • Private
3. Northwestern University
Evanston, IL • Private
4. University of Wisconsin - Madison
Madison, WI • Private
5. University of Maryland - College Park
College Park, MD • Private
6. University of Minnesota - Twin Cities
Minneapolis, MN • Private
7. University of Texas at Austin
Austin, TX • Private
8. University of Southern California
Los Angeles, CA • Private
9. Purdue University
West Lafayette, IN • Private
10. Howard University
Washington, DC • Private
Find the best Pricing Analyst job for you
Pricing Analyst Jobs You Might Like
- High Paying Pricing Analyst Jobs - $91K and Up
- Work From Home Pricing Analyst Jobs
- Entry Level Pricing Analyst Jobs
- Part Time Pricing Analyst Jobs
- Actively Hiring
- No Degree Pricing Analyst Jobs
Online Courses For Pricing Analyst That You May Like
Increase Business Profits by Smart Price and Marketing Psychology: Best Pricing Strategies to Influence Customers...
Boost Profit by learning diff Pricing Strategies & Advanced Pricing Models in Excel. Complete Pricing Analytics in Excel...
Learn how to Price Consumer Goods and understand the Financial impact of your decisions. Includes advanced templates...
Top Skills For a Pricing Analyst
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 6.7% of Pricing Analysts listed Customer Service on their resume, but soft skills such as Detail oriented and Analytical skills are important as well.
Best States For a Pricing Analyst
Some places are better than others when it comes to starting a career as a Pricing Analyst. The best states for people in this position are Washington, Delaware, New Jersey, and Oregon. Pricing Analysts make the most in Washington with an average salary of $95,071. Whereas in Delaware and New Jersey, they would average $88,136 and $83,869, respectively. While Pricing Analysts would only make an average of $80,085 in Oregon, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. Delaware
$88,136
Avg. Salary
2. District of Columbia
$91,162
Avg. Salary
3. Washington
$95,071
Avg. Salary
How Do Pricing Analyst Rate Their Jobs?
5.0
5.0
Pricing & Contract Management • June 2019What do you like the most about working as Pricing Analyst?
Everyday is different & it’s more of an art than a science. Show MoreWhat do you NOT like?
Pushy & dishonest sales people. Some will do anything to get better pricing Show MoreTop Pricing Analyst Employers
We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ Pricing Analysts and discovered their number of Pricing Analyst opportunities and average salary. Through our research, we concluded that FedEx was the best, especially with an average salary of $63,180. Wells Fargo follows up with an average salary of $68,392, and then comes Robert Half International with an average of $63,746. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a Pricing Analyst. The employers include Medtronic, Advanced Micro Devices, and Science Applications International
Pricing Analyst Videos
Becoming a Pricing Analyst FAQs
Do analysts make good money?
Yes, analysts make good money. The national average salary for an Analyst is $72,821 per year. The number of years of experience and the type of analyst (e.g., business, data, finance) impacts how much you can earn as an analyst.
Is pricing analyst a good job?
Yes, being a pricing analyst is a good job. Pricing analysts may see between a 15-20% rise in demand for their services within the next decade.
These positions are well-sought after since many companies are now engaging in more market competition. More companies are also becoming more prevalent across the business landscape as well, resulting in a drastic increase in the need for pricing analysts.