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The differences between pricing specialists and pricing associates can be seen in a few details. Each job has different responsibilities and duties. Additionally, a pricing specialist has an average salary of $73,472, which is higher than the $56,667 average annual salary of a pricing associate.
The top three skills for a pricing specialist include powerpoint, work ethic and pricing strategy. The most important skills for a pricing associate are customer service, sales floor, and merchandise displays.
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.
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 specialists and pricing associates have different pay scales, as shown below.
| Pricing Specialist | Pricing Associate | |
| Average salary | $73,472 | $56,667 |
| Salary range | Between $48,000 And $111,000 | Between $33,000 And $95,000 |
| Highest paying City | Reno, NV | San Francisco, CA |
| Highest paying state | Connecticut | New York |
| Best paying company | Nokia | |
| Best paying industry | Finance | - |
There are a few differences between a pricing specialist and a pricing associate in terms of educational background:
| Pricing Specialist | Pricing Associate | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 36% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | - |
Here are the differences between pricing specialists' and pricing associates' demographics:
| Pricing Specialist | Pricing Associate | |
| Average age | 44 | 41 |
| Gender ratio | Male, 36.8% Female, 63.2% | Male, 31.5% Female, 68.5% |
| Race ratio | 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% | 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% |
| LGBT Percentage | 11% | 7% |