How To Become A Senior Pricing Analyst: What It Is and Career Path

What is a senior pricing analyst and how to become one

Updated January 8, 2025

4 min read

Quoted expert

Shalini Gopalkrishnan

The pricing analyst helps the company work with complex data sets to help determine and set competitive prices to achieve revenue goals and gain market share. Your primary duty is to assess data from various sources and use it to derive understanding into pricing strategies and market trends. You also will determine the different pricing and marketing strategies that will be used by the company. You will help our company prepare reports that show the potential impact of various pricing strategies. In addition, you will develop the pricing tools that will be used by the company to respond more quickly to changes in market trends and needs.

To be a successful candidate for this post, a good mathematical skill is needed to derive insights into multiple data sources and be able to use them to develop models. Strong written and verbal communication skills are needed because you will need to present the findings through presentations and reports. The average salary is $37.68 an hour and $78,378 yearly.

What general advice would you give to a senior pricing analyst?

Shalini Gopalkrishnan

Visiting Professor, Menlo College

Reskilling and upskilling rather than four year degrees. Already Google, Amazon, IBM, and other firms have removed the bachelor's degree requirement. Please be agile, keep an open mind, and learn new things. You will always be a student as the pace of change is rapid. Get into a growth mindset now.

ScoreSenior Pricing AnalystUS Average

Salary

5.8

Avg. Salary $74,660

Avg. Salary $59,228

Stability level

4.9

Growth rate 19%

Growth rate 0.3%

Diversity

3.0

Race

American Indian and Alaska Native 0.13%

Asian 11.24%

Black or African American 5.26%

Hispanic or Latino 12.59%

Unknown 5.02%

White 65.75%

Gender

female 37.83%

male 62.17%

Age - 34

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 34

Stress level

4.9

Stress level is manageable

7.1 - high

Complexity level

8.2

Complexity level is challenging

7 - challenging

Work life balance

4.6

Work life balance is fair

6.4 - fair

Key steps to become a senior pricing analyst

Explore senior pricing analyst education requirements

Most common senior pricing analyst degrees

Bachelor's

75.2 %

Master's

17.0 %

Associate

5.5 %

Start to develop specific senior pricing analyst skills

Skills	Percentages
Pricing Strategy	8.91%
Data Analysis	7.58%
SR	7.13%
Margin	6.29%
SQL	6.10%

Complete relevant senior pricing analyst training and internships

Accountants spend an average of 1-3 months on post-employment, on-the-job training. New senior pricing analysts learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a senior pricing analyst based on U.S. Bureau of Labor Statistics data and data from real senior pricing analyst resumes.

Research senior pricing analyst duties and responsibilities

Achieve greater transparency in reserve reporting and improve communication on loss modeling and reserve calculation methodologies by streamlining documentation procedures.
Create, maintain and enhance SQL script and store procedures.
Engineer web crawlers with Perl and SQL to track global competitor pricing, leading to new sales strategies.
Review and interpret request for proposal (RFP) requirements, create work breakdown structures (WBS).

Get senior pricing analyst experience

Generally, it takes 4-6 years to become a senior pricing analyst. The most common roles before becoming a senior pricing analyst include pricing analyst, finance analyst team lead and senior finance analyst.

Prepare your senior pricing analyst resume

When your background is strong enough, you can start writing your senior pricing analyst resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a senior pricing analyst resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

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