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Become A Pricing Specialist

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Working As A Pricing Specialist

  • Analyzing Data or Information
  • Getting Information
  • Interacting With Computers
  • Interpreting the Meaning of Information for Others
  • Communicating with Supervisors, Peers, or Subordinates
  • Mostly Sitting

  • Make Decisions

  • $69,780

    Average Salary

What Does A Pricing Specialist Do

Market research analysts study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price.

Duties

Market research analysts typically do the following:

  • Monitor and forecast marketing and sales trends
  • Measure the effectiveness of marketing programs and strategies
  • Devise and evaluate methods for collecting data, such as surveys, questionnaires, and opinion polls
  • Gather data on consumers, competitors, and market conditions
  • Analyze data using statistical software
  • Convert complex data and findings into understandable tables, graphs, and written reports
  • Prepare reports and present results to clients and management

Market research analysts research and gather data to help a company market its products or services. They gather data on consumer demographics, preferences, needs, and buying habits. They collect data and information using a variety of methods, such as interviews, questionnaires, focus groups, market analysis surveys, public opinion polls, and literature reviews.

Analysts help determine a company’s position in the marketplace by researching their competitors and analyzing their prices, sales, and marketing methods. Using this information, they may determine potential markets, product demand, and pricing. Their knowledge of the targeted consumer enables them to develop advertising brochures and commercials, sales plans, and product promotions. 

Market research analysts evaluate data using statistical techniques and software. They must interpret what the data mean for their client, and they may forecast future trends. They often make charts, graphs, infographics, and other visual aids to present the results of their research. 

Workers who design and conduct surveys are known as survey researchers.

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How To Become A Pricing Specialist

Most market research analysts need at least a bachelor’s degree. Top research positions may require a master’s degree. Strong math and analytical skills are essential. 

Education

Market research analysts typically need a bachelor’s degree in market research or a related field. Many have degrees in fields such as statistics, math, and computer science. Others have backgrounds in business administration, the social sciences, or communications.

Courses in statistics, research methods, and marketing are essential for these workers. Courses in communications and social sciences, such as economics or consumer behavior, are also important.

Some market research analyst jobs require a master’s degree. Several schools offer graduate programs in marketing research, but many analysts complete degrees in other fields, such as statistics and marketing, and/or earn a master’s degree in business administration (MBA). A master’s degree is often required for leadership positions or positions that perform more technical research. 

Licenses, Certifications, and Registrations

Certification is voluntary, but analysts may pursue certification to demonstrate a level of professional competency. The Marketing Research Association offers the Professional Researcher Certification (PRC) for market research analysts. Candidates qualify based on experience and knowledge; they must pass an exam, be a member of a professional organization, and have at least 3 years working in opinion and marketing research. Individuals must complete 20 hours of industry-related continuing education courses every 2 years to renew their certification.

Important Qualities

Analytical skills. Market research analysts must be able to understand large amounts of data and information. 

Communication skills. Market research analysts need strong communication skills when gathering information, interpreting data, and presenting results to clients. 

Critical-thinking skills. To determine what marketing strategy would work best for a company, market research analysts must assess all available information.

Detail oriented. Market research analysts must be detail oriented because they often do precise data analysis.

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Pricing Specialist jobs

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Pricing Specialist Career Paths

Pricing Specialist
Operations Manager Plant Manager General Manager
Account Manager
5 Yearsyrs
Business Analyst Information Technology Manager Operations Manager
Assistant Vice President
7 Yearsyrs
Analyst Senior Analyst Research Manager
Consumer Marketing Manager
6 Yearsyrs
Senior Finance Analyst Accounting Manager Human Resources Manager
Director Of Human Resources
10 Yearsyrs
Senior Finance Analyst Senior Manager Director Of Sales
Director Of Sales And Operations
10 Yearsyrs
Project Coordinator Project Director Research Director
Director, Market Research
10 Yearsyrs
Training Manager General Manager
District Manager
7 Yearsyrs
Contracts Administrator Project Coordinator Account Manager
District Sales Manager
7 Yearsyrs
Training Manager Operations Manager
General Manager
7 Yearsyrs
Contracts Administrator Project Manager General Manager
Human Resources Manager
7 Yearsyrs
Project Manager Marketing Manager Product Marketing Manager
Marketing Program Manager
7 Yearsyrs
Operations Manager General Manager
Operations Director
9 Yearsyrs
Finance Analyst Finance Manager Sales Manager
Operations Manager
7 Yearsyrs
Pricing Manager Senior Manager Operations Director
President Of Operations
11 Yearsyrs
Project Manager Program Manager Marketing Manager
Regional Marketing Manager
7 Yearsyrs
Business Analyst Product Manager Sales Manager
Regional Sales Manager
9 Yearsyrs
Pricing Analyst Senior Finance Analyst Finance Manager
Sales Manager
5 Yearsyrs
Pricing Analyst Business Analyst Senior Consultant
Senior Manager
10 Yearsyrs
Pricing Manager Product Manager Sales Manager
Territory Sales Manager
7 Yearsyrs
Finance Analyst Assistant Vice President
Vice President And Manager
10 Yearsyrs
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Pricing Specialist Demographics

Gender

Female

62.2%

Male

35.5%

Unknown

2.3%
Ethnicity

White

78.7%

Hispanic or Latino

11.5%

Asian

7.7%

Unknown

1.5%

Black or African American

0.6%
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Languages Spoken

Spanish

57.6%

French

9.4%

Chinese

4.7%

Russian

3.5%

Mandarin

3.5%

Cantonese

3.5%

Vietnamese

2.4%

Polish

2.4%

Turkish

1.2%

Khmer

1.2%

Hindi

1.2%

German

1.2%

Romanian

1.2%

Lithuanian

1.2%

Belarusian

1.2%

Carrier

1.2%

Tagalog

1.2%

Arabic

1.2%

Italian

1.2%
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Pricing Specialist Education

Schools

University of Phoenix

18.9%

University of Massachusetts - Boston

8.3%

Southern New Hampshire University

8.3%

George Washington University

7.1%

Bridgewater State University

5.3%

California State University - East Bay

4.7%

Florida State University

4.1%

University of Alabama

3.6%

University of Washington

3.6%

Georgia State University

3.6%

University of Southern California

3.6%

West Virginia University

3.6%

American InterContinental University

3.6%

Liberty University

3.6%

Northeastern University

3.6%

University of North Carolina at Greensboro

3.0%

Northern Arizona University

3.0%

Arizona State University

3.0%

Webster University

3.0%

Pennsylvania State University

3.0%
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Majors

Business

34.9%

Finance

10.3%

Accounting

10.2%

Marketing

5.1%

Management

4.8%

Criminal Justice

4.0%

Health Care Administration

4.0%

Psychology

3.6%

Communication

3.2%

Political Science

3.2%

Economics

3.0%

Human Resources Management

2.0%

Education

1.8%

Medical Assisting Services

1.6%

General Studies

1.5%

Computer Science

1.4%

Project Management

1.4%

Liberal Arts

1.4%

History

1.4%

Computer Information Systems

1.4%
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Degrees

Bachelors

45.1%

Other

19.8%

Masters

16.3%

Associate

11.8%

Certificate

5.0%

Doctorate

1.2%

Diploma

0.7%

License

0.2%
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Job type you want
Full Time
Part Time
Internship
Temporary

Real Pricing Specialist Salaries

Job Title Company Location Start Date Salary
Pricing Specialist Millicom International Services LLC Coral Gables, FL Aug 12, 2013 $145,000 -
$194,500
SAP SD Pricing Specialist Avon Products, Inc. White Plains, NY Feb 13, 2012 $130,000
SAP SD Pricing Specialist Avon Products, Inc. White Plains, NY May 14, 2012 $120,000
SAP SD Pricing Specialist Avon Products, Inc. White Plains, NY Jul 09, 2012 $115,000
SAP SD Pricing/Rtom Specialist Avon Products, Inc. White Plains, NY Apr 16, 2012 $110,000
Structuring and Pricing Specialist Pacificorp Portland, OR Mar 08, 2016 $100,942
International Pricing Specialist (Management Consultant) Management Systems International, Inc. Arlington, VA Oct 24, 2016 $97,020
Transfer Pricing Specialist News America Incorporated Wilton, CT Apr 25, 2011 $85,000 -
$110,000
Pricing and Budget Specialist American Institutes for Research Washington, DC Sep 13, 2016 $80,142 -
$91,945
SAP SD Pricing Specialist EAPT Solutions, Inc. Piscataway, NJ Dec 09, 2013 $80,000
Specialist, Pricing Nationwide Insurance Des Moines, IA May 15, 2016 $76,400 -
$85,000
Specialist-Contracts & Pricing Amgen Inc. Thousand Oaks, CA Jul 27, 2009 $75,632
Pricing Specialist American Institutes for Research Washington, DC Sep 13, 2013 $73,445 -
$84,553
Pricing Specialist American Institutes for Research Washington, DC Aug 13, 2012 $72,114 -
$82,500
Specialist, Pricing Nationwide Insurance Columbus, OH Jan 31, 2010 $72,030 -
$90,000
Transfer Pricing Specialist Bureau Van DIJK Electronic Publishing, Inc. New York, NY Sep 01, 2015 $69,139
Transfer Pricing Specialist Bureau Van DIJK Electronic Publishing, Inc. New York, NY Sep 10, 2015 $69,139
Specialist, Pricing Nationwide Insurance Des Moines, IA Oct 01, 2009 $64,883 -
$85,000
Pricing Specialist II Ericsson Inc. Plano, TX Sep 07, 2010 $64,230 -
$70,457
Specialist, Pricing Nationwide Insurance Des Moines, IA Oct 01, 2011 $63,000 -
$80,000
Senior Pricing Specialist Farmers Group, Inc. Wilmington, DE Nov 26, 2012 $55,000
Pricing and Quotations Specialist Schneider Electric USA, Inc. Dayton, OH Aug 27, 2016 $54,018 -
$63,367
Cost Pricing Specialist Counterpart International Inc. Arlington, VA Mar 04, 2011 $54,000 -
$81,000
Pricing Strategy Specialist China Telecom (Americas) Corporation San Jose, CA Sep 01, 2014 $53,300

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Top Skills for A Pricing Specialist

CustomerServiceProceduresDirectMarkdownsFinancialStatementsClearanceMerchandiseCostProposalsAuditSalesFloorLossDataEntryRFPSalesRepsAccuratePricingCostEstimatesEnsureAccuracyCompanyPoliciesSpecialPricingCompanyStandardsProductivityGoalsBloomberg

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Top Pricing Specialist Skills

  1. Customer Service
  2. Procedures
  3. Direct Markdowns
You can check out examples of real life uses of top skills on resumes here:
  • Delivered excellent customer service by greeting and assisting each customer.
  • Encourage and implement automation of manual procedures in order to increase efficiency and minimize risk.
  • Utilized and managed reports to direct markdowns, signage, and marketing.
  • Prepared and analyzed financial statements for an affiliate company.
  • Assist in maintaining accurate pricing of regular and clearance merchandise, ensuring adherence to all corporate and local requirements.

Top Pricing Specialist Employers

Pricing Specialist Videos

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