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The differences between pricing associates and pricing analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a pricing analyst has an average salary of $64,168, which is higher than the $56,667 average annual salary of a pricing associate.
The top three skills for a pricing associate include customer service, sales floor and merchandise displays. The most important skills for a pricing analyst are pricing strategy, strong analytical, and customer service.
A pricing associate works at retail stores where they are in charge of ensuring accurate product pricing. Although they focus on pricing items, they also perform a variety of tasks such as labeling products, arranging shelves, monitoring inventory, and maintaining the cleanliness of the sales floor. They are also instances where they must assist customers by answering inquiries, offering suggestions, and locating products, ensuring client satisfaction. Moreover, a pricing associate must handle merchandise documentation and update records as needed.
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.
Pricing associates and pricing analysts have different pay scales, as shown below.
| Pricing Associate | Pricing Analyst | |
| Average salary | $56,667 | $64,168 |
| Salary range | Between $33,000 And $95,000 | Between $46,000 And $89,000 |
| Highest paying City | San Francisco, CA | Seattle, WA |
| Highest paying state | New York | Washington |
| Best paying company | Apple | |
| Best paying industry | - | Finance |
There are a few differences between a pricing associate and a pricing analyst in terms of educational background:
| Pricing Associate | Pricing Analyst | |
| Most common degree | Bachelor's Degree, 36% | Bachelor's Degree, 75% |
| Most common major | Business | Business |
| Most common college | - | University of Pennsylvania |
Here are the differences between pricing associates' and pricing analysts' demographics:
| Pricing Associate | Pricing Analyst | |
| Average age | 41 | 37 |
| Gender ratio | Male, 31.5% Female, 68.5% | Male, 53.3% Female, 46.7% |
| Race ratio | Black or African American, 10.4% Unknown, 5.2% Hispanic or Latino, 20.5% Asian, 7.4% White, 55.9% American Indian and Alaska Native, 0.6% | 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% |
| LGBT Percentage | 7% | 10% |