"analytics," "strategic pricing," and "customer service" aren't the only skills we found pricing managers list on their resumes. In fact, there's a whole list of pricing manager responsibilities that we found, including:
After discovering the most helpful skills, we moved onto what kind of education might be helpful in becoming a pricing manager. We found that 65.6% of pricing managers have graduated with a bachelor's degree and 17.6% of people in this position have earned their master's degrees. While most pricing managers have a college degree, you may find it's also true that generally it's possible to be successful in this career with only a high school degree. In fact, our research shows that one out of every eight pricing managers were not college graduates.
Those pricing managers who do attend college, typically earn either business degrees or finance degrees. Less commonly earned degrees for pricing managers include accounting degrees or marketing degrees.
When you're ready to become a pricing manager, you might wonder which companies hire pricing managers. According to our research through pricing manager resumes, pricing managers are mostly hired by Deloitte, AECOM, and UL. Now is a good time to apply as Deloitte has 23 pricing managers job openings, and there are 22 at AECOM and 15 at UL.
But if you're interested in companies where you might earn a high salary, pricing managers tend to earn the biggest salaries at VMware, Bloomberg, and General Electric. Take VMware for example. The median pricing manager salary is $137,335. At Bloomberg, pricing managers earn an average of $123,415, while the average at General Electric is $121,823. You should take into consideration how difficult it might be to secure a job with one of these companies.
If you earned a degree from the top 100 educational institutions in the United States, you might want to take a look at AT&T;, JPMorgan Chase, and Verizon Communications. These three companies have hired a significant number of pricing managers from these institutions.
For the most part, pricing managers make their living in the retail and technology industries. Pricing managers tend to make the most in the technology industry with an average salary of $98,450. The pricing manager annual salary in the retail and manufacturing industries generally make $93,256 and $92,045 respectively. Additionally, pricing managers who work in the technology industry make 15.9% more than pricing managers in the transportation Industry.