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The differences between pricing managers and pricing specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a pricing manager has an average salary of $109,525, which is higher than the $73,472 average annual salary of a pricing specialist.
The top three skills for a pricing manager include analytics, pricing strategy and strategic pricing. The most important skills for a pricing specialist are powerpoint, work ethic, and pricing strategy.
| Pricing Manager | Pricing Specialist | |
| Yearly salary | $109,525 | $73,472 |
| Hourly rate | $52.66 | $35.32 |
| Growth rate | 10% | 19% |
| Number of jobs | 119,997 | 58,317 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 60% |
| Average age | 39 | 44 |
| Years of experience | 10 | - |
Pricing managers are employees who oversee the pricing needs of the organization. They identify the best pricing schemes for the company's product or service offerings. To do this, pricing managers analyze industry trends and current events. They study the target market and their spending behavior. They also coordinate with different departments, such as the production department to get the cost of production and the human resources department to get overhead costs. They also factor in different operational costs. Once they get this data, they determine the best pricing for the goods. Pricing managers also have a say in company tie-ups and client proposals to ensure that the company will not get the losing end of the stick with such partnerships.
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 managers and pricing specialists have different pay scales, as shown below.
| Pricing Manager | Pricing Specialist | |
| Average salary | $109,525 | $73,472 |
| Salary range | Between $80,000 And $149,000 | Between $48,000 And $111,000 |
| Highest paying City | San Francisco, CA | Reno, NV |
| Highest paying state | Arizona | Connecticut |
| Best paying company | McKinsey & Company Inc | Nokia |
| Best paying industry | Technology | Finance |
There are a few differences between a pricing manager and a pricing specialist in terms of educational background:
| Pricing Manager | Pricing Specialist | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 60% |
| Most common major | Business | Business |
| Most common college | University of Georgia | Western Carolina University |
Here are the differences between pricing managers' and pricing specialists' demographics:
| Pricing Manager | Pricing Specialist | |
| Average age | 39 | 44 |
| Gender ratio | Male, 57.8% Female, 42.2% | Male, 36.8% Female, 63.2% |
| Race ratio | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% | 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% |