How To Become A Pricing Associate: What It Is and Career Path

What is a pricing associate and how to become one

Updated January 8, 2025

3 min read

The pricing associate is responsible for negotiating price and contract terms between the client and the supplier to meet the client's goals. He/She oversees daily procurement activities and compiles detailed pricing and budget reports for clients, noting any potential changes in pricing. He/She also collaborates with the brokerage team to monitor market movement and identify execution opportunities for clients. Additionally, he/she verifies returns for correct pricing and resolves incomplete deals. As a pricing associate, you execute price changes in a timely and accurate manner. You also maintain a working relationship with pricing vendors.

A bachelor's degree is the minimum educational requirement for a pricing associate. Candidates must possess customer service, organization, time management, communication, maths, negotiation, analytical, and critical thinking skills. You must also be proficient in Microsoft Office. You know about the company's pricing policies and procedures. The average salary of the pricing associate is $55,446 per year. This ranges between $34,000 and $92,000.

ScorePricing AssociateUS Average

Salary

4.4

Avg. Salary $56,667

Avg. Salary $59,228

Diversity

6.9

Race

American Indian and Alaska Native 0.56%

Asian 7.43%

Black or African American 10.45%

Hispanic or Latino 20.52%

Unknown 5.17%

White 55.88%

Gender

female 68.46%

male 31.54%

Age - 39

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 39

Stress level

6.2

Stress level is manageable

7.1 - high

Complexity level

4.5

Complexity level is intermediate

7 - challenging

Work life balance

8.5

Work life balance is excellent

6.4 - fair

Key steps to become a pricing associate

Explore pricing associate education requirements

Most common pricing associate degrees

Bachelor's

36.4 %

High School Diploma

28.4 %

Associate

22.0 %

Start to develop specific pricing associate skills

Skills	Percentages
Customer Service	27.33%
Sales Floor	24.73%
Merchandise Displays	12.80%
Pricing Strategy	5.38%
Markdowns	5.15%

Complete relevant pricing associate training and internships

Accountants spend an average of 1-3 months on post-employment, on-the-job training. New pricing associates learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a pricing associate based on U.S. Bureau of Labor Statistics data and data from real pricing associate resumes.

Research pricing associate duties and responsibilities

Manage vendor claims processing by ensuring all items are on file and the stores have the correct information in the AS400.
work with computer systems and POS system
Utilize POS and iOS systems to collect payment and place online orders for customers.
Assist portfolio managers and traders in analyzing, modeling and pricing fix income and equity derivative securities.

Prepare your pricing associate resume

When your background is strong enough, you can start writing your pricing associate resume.

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