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The differences between pricing analysts and pricing specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a pricing specialist has an average salary of $73,472, which is higher than the $64,168 average annual salary of a pricing analyst.
The top three skills for a pricing analyst include pricing strategy, strong analytical and customer service. The most important skills for a pricing specialist are powerpoint, work ethic, and pricing strategy.
| Pricing Analyst | Pricing Specialist | |
| Yearly salary | $64,168 | $73,472 |
| Hourly rate | $30.85 | $35.32 |
| Growth rate | 19% | 19% |
| Number of jobs | 73,462 | 58,317 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 60% |
| Average age | 37 | 44 |
| Years of experience | 6 | - |
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.
A pricing specialist is responsible for determining the appropriate pricing and value of the company's goods and services by analyzing the market trends and performing data and statistical analysis. Pricing specialists manage the pricing policies of an organization adhering to the business requirements and state regulations. They adjust pricing strategies according to public and market demands and coordinate with the marketing and sales team to inform and disseminate pricing adjustments to the customers and clients.
Pricing analysts and pricing specialists have different pay scales, as shown below.
| Pricing Analyst | Pricing Specialist | |
| Average salary | $64,168 | $73,472 |
| Salary range | Between $46,000 And $89,000 | Between $48,000 And $111,000 |
| Highest paying City | Seattle, WA | Reno, NV |
| Highest paying state | Washington | Connecticut |
| Best paying company | Apple | Nokia |
| Best paying industry | Finance | Finance |
There are a few differences between a pricing analyst and a pricing specialist in terms of educational background:
| Pricing Analyst | Pricing Specialist | |
| Most common degree | Bachelor's Degree, 75% | Bachelor's Degree, 60% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Western Carolina University |
Here are the differences between pricing analysts' and pricing specialists' demographics:
| Pricing Analyst | Pricing Specialist | |
| Average age | 37 | 44 |
| Gender ratio | Male, 53.3% Female, 46.7% | Male, 36.8% Female, 63.2% |
| Race ratio | Black or African American, 5.0% Unknown, 5.0% Hispanic or Latino, 12.0% Asian, 13.0% White, 64.9% American Indian and Alaska Native, 0.1% | Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 10% | 11% |