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Pricing specialist vs pricing associate

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.

Pricing specialist vs pricing associate overview

Pricing SpecialistPricing Associate
Yearly salary$73,472$56,667
Hourly rate$35.32$27.24
Growth rate19%-
Number of jobs58,317205,877
Job satisfaction--
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 36%
Average age4441
Years of experience--

What does a pricing specialist do?

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.

What does a pricing associate do?

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 specialist vs pricing associate salary

Pricing specialists and pricing associates have different pay scales, as shown below.

Pricing SpecialistPricing Associate
Average salary$73,472$56,667
Salary rangeBetween $48,000 And $111,000Between $33,000 And $95,000
Highest paying CityReno, NVSan Francisco, CA
Highest paying stateConnecticutNew York
Best paying companyNokiaGoogle
Best paying industryFinance-

Differences between pricing specialist and pricing associate education

There are a few differences between a pricing specialist and a pricing associate in terms of educational background:

Pricing SpecialistPricing Associate
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 36%
Most common majorBusinessBusiness
Most common collegeWestern Carolina University-

Pricing specialist vs pricing associate demographics

Here are the differences between pricing specialists' and pricing associates' demographics:

Pricing SpecialistPricing Associate
Average age4441
Gender ratioMale, 36.8% Female, 63.2%Male, 31.5% Female, 68.5%
Race ratioBlack 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 Percentage11%7%

Differences between pricing specialist and pricing associate duties and responsibilities

Pricing specialist example responsibilities.

  • Utilize VBA to automate tasks and increase productivity by significantly decreasing report completion time.
  • Perform research of all bad debt accounts, outstanding checks, statements, bank information and all wire transfers including ACH.
  • Process all derivative trades to valuation systems.
  • Review and report stopped items base on OFAC regulations.
  • Review all OFAC hits and process all false hits.
  • Research and clear quality issues for FHA and conventional loans.
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Pricing associate example responsibilities.

  • Manage vendor claims processing by ensuring all items are on file and the stores have the correct information in the AS400.
  • work with computer systems and POS system
  • Utilize POS and iOS systems to collect payment and place online orders for customers.
  • Assist portfolio managers and traders in analyzing, modeling and pricing fix income and equity derivative securities.
  • Assist contracts and pricing staff in incorporating custom product and OEM bids into proposals.
  • Work with company's distributor and OEM customer base to provide formal price quotations for enclose gearing products.
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Pricing specialist vs pricing associate skills

Common pricing specialist skills
  • PowerPoint, 11%
  • Work Ethic, 10%
  • Pricing Strategy, 8%
  • Data Entry, 7%
  • Customer Service, 6%
  • Strong Analytical, 6%
Common pricing associate skills
  • Customer Service, 27%
  • Sales Floor, 25%
  • Merchandise Displays, 13%
  • Pricing Strategy, 5%
  • Markdowns, 5%
  • Transfer Pricing, 4%

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