What is a Pricing Analyst?

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.

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.

Learn more about what a Pricing Analyst does

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.

Learn More About How To Become a Pricing Analyst

Pricing Analyst Job Description

A pricing analyst is responsible for helping companies determine what the best competitive price is for their products and services. Their duties include researching market trends, analyzing competitors' prices, and forecasting market predictions.

Learn more about Pricing Analyst Job Description
Top Pricing Analyst Jobs Near You

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

Average Salary for a Pricing Analyst

Pricing Analysts in America make an average salary of $64,168 per year or $31 per hour. The top 10 percent makes over $89,000 per year, while the bottom 10 percent under $46,000 per year.
Average Pricing Analyst Salary
$64,168 Yearly
$30.85 hourly
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Roles and Types of Pricing Analyst

The role of a pricing analyst includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general pricing analyst responsibilities:

  • Require understanding of financial modeling/measures, the ability to partner across multiple groups,
  • Support the implementation of new pricing & revenue management (prm) tools
  • The purpose of the analyst position is to provide modeling

There are several types of pricing analyst, including:

Analyst

Role:

An analyst can work in many different industries. So if you're looking for a position with endless job possibilities, then you've come to the right place. Who knows, the job might even come with a sweet salary, but you'll have to keep reading to find out.

Typically, an analyst will work in an office. They'll analyze data and make informed decisions based on the information they collect. An analyst might have a financial background or they might be a management analyst. Maybe you want to be a market research analyst or a news analyst. Either way, you've got to be good at making decisions.

The majority of analysts work a full-time position of 40 hours a week. Although, it isn't unheard of for analysts to work more than that. Did someone say overtime?

  • Average Salary: $73,007
  • Degree: Bachelor's Degree

Finance Analyst

Role:

You know how it's smart to invest your money? Well, the brains behind that operation is a finance analyst. Essentially, they're in charge of advising and supporting investment decisions of individuals and businesses.

Most finance analysts work full-time, but some work even more than that. The typical finance analyst enters the career having earned a bachelor's degree. With the extra education, employers tend to invest a lot of their dime to pay finance analysts. So having the higher education definitely pays off.

  • Average Salary: $69,887
  • Degree: Bachelor's Degree

Data Analyst

Role:

The work of a Data Analyst is key for a business or organization to determine viable operational strategies and potential risks. The main responsibility of a data analyst is gathering and interpreting data with advanced computer technologies, analyzing the quality and meaning of the data results in information that highlights important patterns and trends in the activities of the organization.

Data analysts present these reports to management and, without these results, stakeholders are unable to make informed decisions. Data analysts are employed by a number of different institutions such as banks, universities, factories, software development companies, and many more.

You need to have excellent problem-solving skills and a keen mathematical mind to be a successful data analyst. You need to know various programming languages, and you must display a logical approach. You will work under pressure for tight deadlines with a team of like-minded individuals, so an ability to prioritize tasks and a willingness to work with a team is also crucial.

  • Average Salary: $74,342
  • Degree: Bachelor's Degree
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States With The Most Pricing Analyst Jobs

Mouse over a state to see the number of active pricing analyst jobs in each state. The darker areas on the map show where pricing analysts earn the highest salaries across all 50 states.

Average Salary: Job Openings:

Number Of Pricing Analyst Jobs By State

RankStateNumber of JobsAverage Salary
1California3,459$74,321
2Texas1,974$61,964
3New York1,911$72,389
4Virginia1,780$63,374
5Florida1,294$47,888
6Illinois1,248$66,415
7Massachusetts1,067$61,299
8Pennsylvania947$67,965
9Maryland918$61,416
10North Carolina898$63,458
11Georgia862$58,897
12New Jersey789$77,357
13Ohio780$59,046
14Colorado768$66,265
15Washington668$94,828
16Arizona646$53,690
17Minnesota555$62,250
18Michigan549$62,604
19Indiana464$54,065
20Wisconsin463$59,038
21Missouri442$57,251
22Oregon422$72,755
23Tennessee393$64,586
24Alabama381$58,771
25Utah350$64,847
26Connecticut340$66,325
27South Carolina251$65,135
28Arkansas227$57,930
29Kentucky219$61,808
30Iowa215$61,143
31Kansas189$57,886
32Delaware186$82,274
33Nebraska184$54,101
34Oklahoma160$54,713
35Nevada155$60,818
36Louisiana151$51,382
37New Hampshire140$59,413
38Idaho127$67,813
39Rhode Island123$57,284
40Mississippi114$44,338
41New Mexico112$53,823
42Hawaii103$42,742
43Maine86$70,606
44Alaska85$70,413
45West Virginia84$50,866
46Montana76$50,734
47Vermont75$51,762
48North Dakota73$51,796
49South Dakota68$54,362
50Wyoming48$51,533

Pricing Analyst Education

Pricing Analyst Majors

Business
34.0 %
Finance
17.0 %
Accounting
10.8 %

Pricing Analyst Degrees

Bachelors

74.9 %

Masters

13.1 %

Associate

8.2 %

Top Colleges for Pricing Analysts

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition

$55,584

Enrollment

10,764

2. University of Georgia

Athens, GA • Private

In-State Tuition

$11,830

Enrollment

29,474

3. Northwestern University

Evanston, IL • Private

In-State Tuition

$54,568

Enrollment

8,451

4. University of Wisconsin - Madison

Madison, WI • Private

In-State Tuition

$10,555

Enrollment

30,360

5. University of Maryland - College Park

College Park, MD • Private

In-State Tuition

$10,595

Enrollment

30,184

6. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition

$14,760

Enrollment

31,451

7. University of Texas at Austin

Austin, TX • Private

In-State Tuition

$10,610

Enrollment

40,329

8. University of Southern California

Los Angeles, CA • Private

In-State Tuition

$56,225

Enrollment

19,548

9. Purdue University

West Lafayette, IN • Private

In-State Tuition

$9,992

Enrollment

33,495

10. Howard University

Washington, DC • Private

In-State Tuition

$26,756

Enrollment

6,166

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, 6.4% of pricing analysts listed pricing strategy on their resume, but soft skills such as detail oriented and analytical skills are important as well.

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.

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Pricing Analyst diversity

Pricing Analyst Gender Distribution

Male
Male
53%
Female
Female
47%

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 64.9% of all pricing analysts.

  • The most common foreign language among pricing analysts is Spanish at 43.3%.

Online Courses For Pricing Analyst That You May Like

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1. Data Analysis Immersive (Full-time)

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Learn to problem solve, and effectively communicate, like an analyst. This course teaches you to use industry-standard tools to make ethical, data-driven decisions. Experience hands-on training to master SQL, Excel, Tableau, PowerBI, and Python – tools listed in virtually every data analytics job posting across industries...

2. Data Analytics (Part Time)

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Harness Excel, SQL, and Tableau to drive powerful analysis and insights. Build confidence and credibility to apply this versatile skill set to countless jobs. This course is offered in person and live online, in a remote classroom setting...

3. Intro to Statistics

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Statistics is about extracting meaning from data. In this class, we will introduce techniques for visualizing relationships in data and systematic techniques for understanding the relationships using mathematics...

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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 California. Pricing analysts make the most in Washington with an average salary of $94,828. Whereas in Delaware and New Jersey, they would average $82,274 and $77,357, respectively. While pricing analysts would only make an average of $74,321 in California, 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

Total Pricing Analyst Jobs: 186
Highest 10% Earn:
$117,000
Location Quotient:
1.5

$82,274

Avg. Salary

View 186 Pricing Analyst Jobs In DE

2. District of Columbia

Total Pricing Analyst Jobs: 680
Highest 10% Earn:
$121,000
Location Quotient:
4.09

$84,680

Avg. Salary

View 680 Pricing Analyst Jobs In DC

3. Washington

Total Pricing Analyst Jobs: 668
Highest 10% Earn:
$138,000
Location Quotient:
0.92

$94,828

Avg. Salary

View 668 Pricing Analyst Jobs In WA
Full List Of Best States For Pricing Analysts

How Do Pricing Analysts Rate Their Jobs?

5/5

5 Stars

4 Stars

3 Stars

2 Stars

1 Star

Pricing Analyst Reviews

5.0
Jun 2019
Pros

Everyday is different & it’s more of an art than a science.

Cons

Pushy & dishonest sales people. Some will do anything to get better pricing

Working as a Pricing Analyst? Share your experience anonymously.
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Work/Life balance
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Top Pricing Analyst Employers

Most Common Employers For Pricing Analyst

RankCompanyAverage SalaryHourly RateJob Openings
1State Street$80,814$38.8538
2IBM$76,808$36.9332
3JPMorgan Chase & Co.$74,900$36.0163
4T-Mobile$73,174$35.1838
5WESCO Distribution$67,444$32.4230
6KeyBank$66,723$32.0850
7RRD$65,476$31.4835
8FedEx$65,217$31.35178
9Sears Holdings$64,611$31.0639
10UPS$64,468$30.9929
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Pricing Analyst Videos

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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.

Have more questions? See all answers to common business and financial questions.

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Updated April 6, 2023