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Become A Senior Pricing Analyst

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Working As A Senior Pricing Analyst

  • 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

  • $84,000

    Average Salary

What Does A Senior Pricing Analyst 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 Senior Pricing Analyst

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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Senior Pricing Analyst Jobs

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Senior Pricing Analyst Career Paths

Senior Pricing Analyst
Pricing Manager Manager Vice President
Vice President And Manager
10 Yearsyrs
Pricing Manager Manager Marketing Manager
Senior Manager Of Marketing
9 Yearsyrs
Pricing Manager Manager Controller
Finance Vice President
10 Yearsyrs
Pricing Manager
7 Yearsyrs
Finance Manager Sales Manager Account Manager
Key Account Manager
7 Yearsyrs
Finance Manager
Manager Finance Planning And Analysis
8 Yearsyrs
Finance Manager Sales Manager Purchasing Manager
Category Manager
8 Yearsyrs
Senior Analyst Project Manager Product Manager
Product Management Director
12 Yearsyrs
Senior Analyst Project Manager Marketing Manager
Marketing Program Manager
6 Yearsyrs
Senior Analyst Project Manager Director
Director Of Strategy
11 Yearsyrs
Senior Manager Principal Marketing Director
Brand Director
10 Yearsyrs
Senior Manager President/Owner Business Manager
Business Operations Manager
8 Yearsyrs
Senior Manager Owner/Operator Business Development Manager
Proposal Manager
10 Yearsyrs
Supervisor Property Manager Portfolio Manager
Strategist
6 Yearsyrs
Supervisor Program Manager Senior Product Manager
Marketing Lead
5 Yearsyrs
Supervisor Logistics Manager Planning Manager
Manager, Strategy
8 Yearsyrs
Program Manager Marketing Manager Digital Marketing Manager
Senior Manager-Digital Marketing
9 Yearsyrs
Contracts Manager Compliance Manager Risk Manager
Analytical Manager
8 Yearsyrs
Contracts Manager Category Manager Brand Marketing Manager
Marketing Services Manager
6 Yearsyrs
Senior Marketing Analyst Senior Marketing Specialist Assistant Vice President, Marketing
Vice President, Strategy
13 Yearsyrs
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Do you work as a Senior Pricing Analyst?

Help others decide if this is a good career for them

Average Length of Employment
Pricing Manager 4.0 years
Staff Analyst 3.8 years
Principal Analyst 3.4 years
Senior Analyst 3.3 years
Planning Analyst 2.9 years
Pricing Analyst 2.7 years
Product Analyst 2.4 years
Strategic Analyst 2.2 years
Top Careers Before Senior Pricing Analyst
Analyst 4.3%
Internship 3.2%
Accountant 2.1%
Manager 2.1%
Top Careers After Senior Pricing Analyst
Director 5.3%
Manager 5.1%
Consultant 4.2%
Supervisor 2.6%
Controller 2.3%

Do you work as a Senior Pricing Analyst?

Average Yearly Salary
$84,000
View Detailed Salary Report
$60,000
Min 10%
$84,000
Median 50%
$84,000
Median 50%
$84,000
Median 50%
$84,000
Median 50%
$84,000
Median 50%
$84,000
Median 50%
$84,000
Median 50%
$118,000
Max 90%
Best Paying Company
IAP Worldwide Services
Highest Paying City
San Francisco, CA
Highest Paying State
Alaska
Avg Experience Level
3.6 years
How much does a Senior Pricing Analyst make at top companies?
The national average salary for a Senior Pricing Analyst in the United States is $84,688 per year or $41 per hour. Those in the bottom 10 percent make under $60,000 a year, and the top 10 percent make over $118,000.

Real Senior Pricing Analyst Salaries

Job Title Company Location Start Date Salary
Senior Pricing Analyst Strategic Pricing Associates, Inc. Vernon Hills, IL Oct 22, 2014 $175,000
Senior Pricing Analyst Strategic Pricing Associates, Inc. Naperville, IL Sep 25, 2015 $175,000
Senior Pricing Actuary and Business Analyst Allianz Global Risks Us Insurance Company New York, NY Sep 15, 2016 $170,297
SR. Pricing Analyst Rebel Athletic, Inc. Carrollton, TX Jul 10, 2016 $118,643
Senior Pricing Analyst-Pricing Manager Telstra Incorporated New York, NY Feb 23, 2015 $118,000
SR. Pricing Analyst Visa USA Foster City, CA Jun 05, 2016 $115,000 -
$125,000
Senior Pricing Strategy Analyst Wal-Mart Associates, Inc. San Bruno, CA Aug 19, 2015 $115,000
Senior Pricing Analyst/Qlikview Developer Ciber, Inc. Murrysville, PA May 02, 2016 $110,000 -
$125,000
Senior Pricing Analyst/Qlikview Developer Ciber, Inc. Murrysville, PA Feb 05, 2016 $110,000 -
$125,000
SR. Pricing & Planning Analyst Sandisk Corporation Milpitas, CA Sep 15, 2016 $110,000
SR. Pricing Analyst, Full-Size Pickup Trucks General Motors Company Detroit, MI Oct 01, 2014 $109,968
Senior Pricing Analyst Visa U.S.A. Inc. Foster City, CA Aug 15, 2016 $105,900 -
$126,250
SR. Pricing Analyst EYC USA Inc. Braintree Town, MA Sep 15, 2015 $105,814
SR. Analyst Customer and Pricing Analytics Petco Animal Supplies Stores, Inc. San Diego, CA May 25, 2015 $89,900
Senior Pricing Analyst Thermo Fisher Scientific Inc. Carlsbad, CA Aug 15, 2015 $89,461 -
$148,900
Senior Pricing Analyst Thermo Fisher Scientific Inc. Pittsburgh, PA Feb 09, 2016 $89,336 -
$137,800
Senior Pricing Analyst Thermo Fisher Scientific Inc. Pittsburgh, PA Aug 24, 2016 $89,336 -
$137,800
Senior Pricing Analyst Continental Automotive Systems Holding Us, Inc. Auburn Hills, MI Mar 28, 2015 $89,042 -
$108,774
Senior Pricing Analyst Autodesk, Inc. San Francisco, CA Apr 18, 2014 $88,587 -
$139,400
Senior Pricing Analyst PTC Inc. Needham, MA Sep 06, 2014 $87,500
Senior Pricing Analyst Continental Automotive Systems Holding Us, Inc. Auburn Hills, MI Mar 17, 2016 $86,766 -
$108,780
Senior Regional Pricing Analyst Cummins Inc. Columbus, IN Jun 01, 2015 $75,600 -
$97,500
Senior Pricing Analyst Expedia, Inc. Bellevue, WA Sep 25, 2016 $75,069 -
$90,000
Senior Analyst, Pricing CVS Pharmacy, Inc. Woonsocket, RI Sep 01, 2013 $75,000
SR. Analyst, Pricing Sears Holdings Management Corporation Chicago, IL Jul 23, 2015 $75,000
SR. Pricing Analytics Essilor of America, Inc. Dallas, TX Aug 22, 2016 $75,000 -
$80,000
Senior Pricing and Promotion Analyst Wells Enterprises, Inc. Minneapolis, MN Jun 09, 2016 $74,693 -
$101,502
Senior Pricing Analyst Cargill, Incorporated Wayzata, MN Sep 10, 2014 $74,464 -
$83,000

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Top Skills for A Senior Pricing Analyst

  1. Cost Proposals
  2. Financial Statements
  3. Profitability Analysis
You can check out examples of real life uses of top skills on resumes here:
  • Prepared and submitted numerous short-turnaround cost proposals resulting in dozens of contract task order awards.
  • Involved in examining acquisition target through annual and quarterly financial statements, and determined target was not optimal for company.
  • Prepare profitability analysis requests with different variables for customer proposals.
  • Participate in pricing strategies, financial initiatives, and strategic planning with senior management and business development team.
  • Reviewed Non-Disclosure Agreements and Teaming Agreements to ensure compliance with corporate policy.

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Top 10 Best States for Senior Pricing Analysts

  1. Delaware
  2. Texas
  3. New Jersey
  4. Rhode Island
  5. Minnesota
  6. Washington
  7. Virginia
  8. Massachusetts
  9. District of Columbia
  10. California
  • (65 jobs)
  • (1,124 jobs)
  • (403 jobs)
  • (47 jobs)
  • (399 jobs)
  • (383 jobs)
  • (915 jobs)
  • (649 jobs)
  • (314 jobs)
  • (2,271 jobs)

Senior Pricing Analyst Demographics

Gender

Male

55.4%

Female

34.9%

Unknown

9.6%
Ethnicity

White

62.1%

Hispanic or Latino

12.9%

Black or African American

11.7%

Asian

9.3%

Unknown

4.0%
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Foreign Languages Spoken

Spanish

48.3%

French

10.0%

Chinese

6.7%

Italian

6.7%

German

3.3%

Cantonese

3.3%

Mandarin

3.3%

Polish

3.3%

Korean

3.3%

Portuguese

1.7%

Greek

1.7%

Hebrew

1.7%

Japanese

1.7%

Hindi

1.7%

Hmong

1.7%

Arabic

1.7%
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Senior Pricing Analyst Education

Schools

University of Phoenix

14.1%

George Mason University

8.7%

George Washington University

7.6%

DePaul University

6.0%

Michigan State University

4.9%

Georgia State University

4.9%

Northern Illinois University

4.9%

University of Pittsburgh -

4.9%

University of Maryland - College Park

4.3%

Cleveland State University

4.3%

Northeastern University

4.3%

Fairleigh Dickinson University

3.8%

Pennsylvania State University

3.8%

Boston University

3.8%

Franklin University

3.3%

Webster University

3.3%

University of Texas at Dallas

3.3%

University of Texas at Austin

3.3%

Virginia Polytechnic Institute and State University

3.3%

University of Washington

3.3%
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Majors

Business

38.0%

Finance

20.8%

Accounting

10.7%

Marketing

5.2%

Economics

5.0%

Management

3.5%

Political Science

2.6%

International Business

1.6%

Mathematics

1.5%

Project Management

1.4%

Computer Science

1.3%

Supply Chain Management

1.3%

Communication

1.2%

Management Science

1.0%

Business Economics

1.0%

Management Information Systems

0.9%

Human Resources Management

0.9%

Engineering And Industrial Management

0.9%

Liberal Arts

0.8%

Education

0.7%
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Degrees

Bachelors

47.6%

Masters

38.2%

Other

7.7%

Associate

3.2%

Certificate

1.9%

Doctorate

0.6%

Diploma

0.5%

License

0.2%
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