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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

  • $74,745

    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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Do you work as a Pricing Specialist?

Pricing Specialist Jobs

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Pricing Specialist Career Paths

Pricing Specialist
Project Manager Management Consultant Senior Business Analyst
Analytical Manager
9 Yearsyrs
Contracts Administrator Purchasing Manager Business Manager
Business Operations Manager
8 Yearsyrs
Pricing Manager Senior Manager Director Of Human Resources
Business Partner
8 Yearsyrs
Finance Analyst Account Manager Purchasing Manager
Category Manager
8 Yearsyrs
Project Coordinator Account Manager Client Services Manager
Client Manager
6 Yearsyrs
Pricing Manager Product Manager Purchasing Manager
Contracts Manager
9 Yearsyrs
Operations Manager Business Analyst Senior Finance Analyst
Manager Finance Planning And Analysis
8 Yearsyrs
Analyst Senior Analyst Research Manager
Market Research Manager
7 Yearsyrs
Merchandising Manager Business Manager Account Coordinator
Marketing Account Manager
5 Yearsyrs
Contracts Administrator Project Coordinator Marketing Manager
Marketing And Operations Manager
6 Yearsyrs
Senior Finance Analyst Product Manager District Sales Manager
Merchandising Manager
5 Yearsyrs
Training Manager General Manager Account Manager
National Account Manager
8 Yearsyrs
Merchandising Manager Senior Buyer Logistics Manager
Planning Manager
8 Yearsyrs
Pricing Analyst Senior Finance Analyst Program Manager
Portfolio Manager
7 Yearsyrs
Senior Finance Analyst Senior Pricing Analyst
Pricing Manager
7 Yearsyrs
Pricing Analyst Business Analyst Product Manager
Product Development Manager
8 Yearsyrs
Finance Analyst Senior Business Analyst Product Manager
Product Line Manager
8 Yearsyrs
Project Manager Program Manager Business Development Manager
Proposal Manager
10 Yearsyrs
Operations Manager Sales Consultant Sales Manager
Sales And Operations Manager
7 Yearsyrs
Training Manager Program Manager Product Manager
Senior Product Marketing Manager
10 Yearsyrs
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Do you work as a Pricing Specialist?

Help others decide if this is a good career for them

Do you work as a Pricing Specialist?

Pricing Specialist Demographics

Gender

Female

62.7%

Male

35.2%

Unknown

2.0%
Ethnicity

White

61.8%

Hispanic or Latino

15.9%

Black or African American

10.9%

Asian

7.9%

Unknown

3.4%
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Foreign Languages Spoken

Spanish

58.5%

French

11.0%

Chinese

3.7%

Russian

3.7%

Cantonese

3.7%

Vietnamese

2.4%

Mandarin

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%

Polish

1.2%

Arabic

1.2%

Italian

1.2%
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Pricing Specialist Education

Schools

University of Phoenix

19.8%

University of Massachusetts - Boston

8.6%

Southern New Hampshire University

8.0%

George Washington University

5.6%

California State University - East Bay

4.3%

American InterContinental University

4.3%

Bridgewater State University

4.3%

Florida State University

4.3%

University of Washington

3.7%

Arizona State University

3.7%

Georgia State University

3.7%

University of Southern California

3.7%

Liberty University

3.7%

Northeastern University

3.7%

University of North Texas

3.1%

San Jose State University

3.1%

Webster University

3.1%

Pennsylvania State University

3.1%

West Virginia University

3.1%

University of Florida

3.1%
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Majors

Business

34.6%

Finance

10.0%

Accounting

10.0%

Marketing

4.9%

Management

4.8%

Criminal Justice

4.0%

Communication

3.8%

Psychology

3.8%

Health Care Administration

3.8%

Political Science

3.3%

Economics

2.9%

Human Resources Management

1.9%

Education

1.8%

General Studies

1.7%

Medical Assisting Services

1.7%

Computer Science

1.5%

Kinesiology

1.4%

Liberal Arts

1.4%

History

1.4%

Computer Information Systems

1.4%
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Degrees

Bachelors

45.7%

Other

19.8%

Masters

15.8%

Associate

11.7%

Certificate

5.0%

Doctorate

1.1%

Diploma

0.7%

License

0.2%
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Job type you want
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Internship
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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

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  1. Customer Service
  2. Markdowns
  3. Clearance Merchandise
You can check out examples of real life uses of top skills on resumes here:
  • Develop Customer Relationship and providing customers with the best customer service.
  • Coordinated seasonal markdowns to encourage increased demand.
  • Created and organizational technique to ensure proper placement of clearance merchandise.
  • Prepared and analyzed financial statements for an affiliate company.
  • Led all production labor estimates for Weapons proposals and conducted estimates for Future Combat Systems Transition utilizing various estimating techniques

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Top 10 Best States for Pricing Specialists

  1. Delaware
  2. Minnesota
  3. New Jersey
  4. New York
  5. Rhode Island
  6. Massachusetts
  7. North Carolina
  8. Texas
  9. Pennsylvania
  10. Virginia
  • (58 jobs)
  • (426 jobs)
  • (467 jobs)
  • (855 jobs)
  • (55 jobs)
  • (602 jobs)
  • (619 jobs)
  • (1,063 jobs)
  • (819 jobs)
  • (630 jobs)

Top Pricing Specialist Employers

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