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How to hire a pricing analyst

Pricing analyst hiring summary. Here are some key points about hiring pricing analysts in the United States:

  • HR departments typically spend 15% of their expenses on recruitment.
  • It usually takes about 12 weeks for a new employee to reach full productivity levels.
  • It typically takes 36-42 days to fill a job opening.
  • The median cost to hire a pricing analyst is $1,633.
  • Small businesses spend an average of $1,105 per pricing analyst on training each year, while large companies spend $658.
  • There are currently 7,588 pricing analysts in the US and 73,462 job openings.
  • New York, NY, has the highest demand for pricing analysts, with 36 job openings.
  • Houston, TX has the highest concentration of pricing analysts.

How to hire a pricing analyst, step by step

To hire a pricing analyst, you should create an ideal candidate profile, determine a budget, and post and promote your job. Here's a step-by-step guide on how to hire a pricing analyst:

Here's a step-by-step pricing analyst hiring guide:

  • Step 1: Identify your hiring needs
  • Step 2: Create an ideal candidate profile
  • Step 3: Make a budget
  • Step 4: Write a pricing analyst job description
  • Step 5: Post your job
  • Step 6: Interview candidates
  • Step 7: Send a job offer and onboard your new pricing analyst
  • Step 8: Go through the hiring process checklist

What does a pricing analyst do?

Pricing analysts are responsible for examining competitors' pricing strategies and industry standards to aid businesses in determining and setting competitive pricing. These professionals study consumer habits and behavior to gauge their willingness to pay for products and examine consumer spending. They conduct impact and mathematical analyses, and large-scale research to come up with their conclusions. Other duties and responsibilities include developing revenue forecasts and statistical models, monitoring industry trends, and developing pricing tools that can quickly respond to the rapidly changing market trends and needs.

Learn more about the specifics of what a pricing analyst does
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  1. Identify your hiring needs

    Before you start hiring a pricing analyst, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.

    Determine employee vs contractor status
    Is the person you're thinking of hiring a US citizen or green card holder?

    Hiring the perfect pricing analyst also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.

    This list shows salaries for various types of pricing analysts.

    Type of Pricing AnalystDescriptionHourly rate
    Pricing AnalystMarket research analysts study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price.$22-42
    Analyst SalesAnalyst sales, or a sales analyst, is a professional who is responsible for increasing sales and revenue of a company by running competitive analysis and making recommendations on how the marketing and sales team should move forward. Sales analysts must assist in the review of monthly financial statements and prepare complex financial statements for retail and service businesses... Show more$22-47
    Data Research AnalystThe job of a data research analyst focuses on the interpretation of research results. The results data research analysts gather is turned into information offering ways for business improvement... Show more$19-38
  2. Create an ideal candidate profile

    Common skills:
    • Pricing Strategy
    • Strong Analytical
    • Customer Service
    • Data Analysis
    • SQL
    • Financial Analysis
    • Power Bi
    • Pivot Tables
    • RFP
    • Strategic Pricing
    • Competitive Pricing
    • Cost Proposals
    • Process Improvement
    • Executive Management
    Check all skills
    Responsibilities:
    • Manage all aspects of Medicare and PHS.
    • Lead team during change windows and coordinate IPLs/IMLs.
    • Identify and qualify leads using web-search methods, social media and LinkedIn.
    • Manage seamless and accurate flow of data between CRM and ERP; troubleshoot and resolve integration failures.
    • Manage & maintain daily/monthly PPC spends for multiple clients to ensure each campaigns meet the desired performance metrics.
    • Work with current Google AdWords to help optimize PPC advertising in both SEM & display network to achieve marketing goals.
    More pricing analyst duties
  3. Make a budget

    Including a salary range in the pricing analyst job description is a good way to get more applicants. A pricing analyst salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.

    For example, the average salary for a pricing analyst in Louisiana may be lower than in Washington, and an entry-level engineer typically earns less than a senior-level pricing analyst. Additionally, a pricing analyst with lots of experience in the field may command a higher salary as a result.

    Average pricing analyst salary

    $64,168yearly

    $30.85 hourly rate

    Entry-level pricing analyst salary
    $46,000 yearly salary
    Updated December 19, 2025

    Average pricing analyst salary by state

    RankStateAvg. salaryHourly rate
    1Washington$95,457$46
    2District of Columbia$84,752$41
    3California$83,359$40
    4Delaware$82,375$40
    5New Jersey$77,462$37
    6New York$72,456$35
    7Illinois$66,636$32
    8Pennsylvania$66,307$32
    9Colorado$66,264$32
    10Virginia$64,580$31
    11Tennessee$64,323$31
    12North Carolina$63,752$31
    13Texas$62,894$30
    14Minnesota$62,346$30
    15Maryland$61,682$30
    16Massachusetts$61,373$30
    17Iowa$61,009$29
    18Alabama$60,037$29
    19Georgia$59,314$29
    20Ohio$58,627$28

    Average pricing analyst salary by company

    RankCompanyAverage salaryHourly rateJob openings
    1Apple$105,566$50.7520
    2Google$103,088$49.5662
    3Bed Bath & Beyond$101,276$48.69
    4Belkin$99,533$47.851
    5PayPal$95,161$45.752
    6AQR Capital Management$94,983$45.667
    7Invesco$91,846$44.167
    8Northern Trust$89,602$43.083
    9Chegg$87,174$41.91
    10CME Group$87,055$41.852
    11MUFG EMEA$86,195$41.44
    12BP America Inc$85,708$41.21
    13Santander Private Banking International$83,957$40.363
    14Intuitive Surgical$83,832$40.301
    15CertainTeed$82,719$39.77
    16Standard Chartered$82,258$39.557
    17Amazon$82,088$39.4740
    18Paul, Weiss, Rifkind, Wharton & Garrison$80,949$38.922
    19Hess$79,367$38.16
    20Pacifi$79,281$38.12
  4. Writing a pricing analyst job description

    A good pricing analyst job description should include a few things:

    • Summary of the role
    • List of responsibilities
    • Required skills and experience

    Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a pricing analyst job description:

    Pricing analyst job description example

    Because this role involves a combination of independent and collaborative work, this
    position can be conducted 100% remotely.

    As part of the Operations Proposal Group this role is within the Material Pricing Group. Utilizing the MCMS system, the Material Pricing Group creates the material content of proposals.Job functions and duties will include the following:

    1. Prepare, analyze and evaluate proposal material pricing from suppliers to determine the best cost basis for all buy items.
    2. Participate in the development and preparation of cost/price proposals in response to RFP requirements in compliance with all Government policies, regulations and internal documented procedures
    3. Engage teams, embrace cross-functional alignment of Supplier Partnerships strategies, and drive innovations to produce successful "Winning Proposals"
    4.Participate in Continuous Improvement efforts as required

    Required Education, Experience, & Skills
    • Knowledge in Procurement strategies
    • Strong capability in Microsoft Office tools
    • Exhibit interpersonal skills involving interfacing, coordinating and negotiating with company personnel and suppliers.
    • Ability to prioritize and self-manage a multi-tasked workload in a fast-paced environment

    Preferred Education, Experience, & Skills
    • ORACLE experience

    About BAE Systems Electronic Systems
    BAE Systems, Inc. is the U.S. subsidiary of BAE Systems plc, an international defense, aerospace and security company which delivers a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and customer support services. Improving the future and protecting lives is an ambitious mission, but it's what we do at BAE Systems. Working here means using your passion and ingenuity where it counts - defending national security with breakthrough technology, superior products, and intelligence solutions. As you develop the latest technology and defend national security, you will continually hone your skills on a team-making a big impact on a global scale. At BAE Systems, you'll find a rewarding career that truly makes a difference. Electronic Systems (ES) is the global innovator behind BAE Systems' game-changing defense and commercial electronics. Exploiting every electron, we push the limits of what is possible, giving our customers the edge and our employees opportunities to change the world. Our products and capabilities can be found everywhere - from the depths of the ocean to the far reaches of space. At our core are more than 14,000 highly talented Electronic Systems employees with the brightest minds in the industry, we make an impact - for our customers and the communities we serve. At BAE Systems, we celebrate the array of skills, experiences, and perspectives our employees bring to the table. For us, differences are a source of strength. We're laser-focused on high performance, and we work hard every day to nurture an inclusive culture where all employees can innovate and thrive. Here, you will not only build your career, but you will also enjoy work-life balance, uncover new experiences, and collaborate with passionate colleagues.
  5. Post your job

    To find pricing analysts for your business, try out a few different recruiting strategies:

    • Consider internal talent. One of the most important talent pools for any company is its current employees.
    • Ask for referrals. Reach out to friends, family members, and your current work to ask if they know any pricing analysts they would recommend.
    • Recruit at local colleges. Attend job fairs at local colleges to recruit entry-level pricing analysts with the right educational background.
    • Social media platforms. LinkedIn, Facebook, and Twitter have more than 3.5 billion users, and they're a great place for company branding and reaching potential job candidates.
    Post your job online:
    • Post your pricing analyst job on Zippia to find and recruit pricing analyst candidates who meet your exact specifications.
    • Use field-specific websites.
    • Post a job on free websites.
  6. Interview candidates

    Recruiting pricing analysts requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.

    Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.

    The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

  7. Send a job offer and onboard your new pricing analyst

    Once you've decided on a perfect pricing analyst candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.

    It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.

    To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.

  8. Go through the hiring process checklist

    • Determine employee type (full-time, part-time, contractor, etc.)
    • Submit a job requisition form to the HR department
    • Define job responsibilities and requirements
    • Establish budget and timeline
    • Determine hiring decision makers for the role
    • Write job description
    • Post job on job boards, company website, etc.
    • Promote the job internally
    • Process applications through applicant tracking system
    • Review resumes and cover letters
    • Shortlist candidates for screening
    • Hold phone/virtual interview screening with first round of candidates
    • Conduct in-person interviews with top candidates from first round
    • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
    • Conduct background checks on top candidates
    • Check references of top candidates
    • Consult with HR and hiring decision makers on job offer specifics
    • Extend offer to top candidate(s)
    • Receive formal job offer acceptance and signed employment contract
    • Inform other candidates that the position has been filled
    • Set and communicate onboarding schedule to new hire(s)
    • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)
    Sign up to download full list

How much does it cost to hire a pricing analyst?

Before you start to hire pricing analysts, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire pricing analysts pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.

You can expect to pay around $64,168 per year for a pricing analyst, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for pricing analysts in the US typically range between $22 and $42 an hour.

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