What does a Pricing Analyst do?
A pricing analyst is responsible for analyzing competitor pricing matched with market expectations to determine the ideal target price for products of the business. Duties include providing thorough analytical breakdowns of pricing structures and sales funnels of similar competitor products and services and identifying specific strategies used in pricing models of the same. Reports are written in order to evaluate the findings and to propose the results to the relevant departments for effect. Depending on the company, pricing analysts may progress into managerial roles involving financial account management and analysis.
A bachelor's degree in business or a related field is often required to be a pricing analyst. As the job requires specialization and experience in the field, it is typical that pricing analysts possess strong working experience in the industry as a pricing analyst or in another relevant position dealing with competitor pricing and sales. Successful candidates often possess strong analytical and research skills with a keen eye for identifying opportunity.
- Perform competitor analysis on similar products and services
- Scope out opportunities based on market trends and industry condition
- Identify ideal pricing structures and sales funnels
- Draft strategic pricing plans and processes to improve existing projects
- Create reports reflecting metrics and project status, objectives and barriers
- Communicate findings effectively to relevant departments of the company
- Work with the sales and marketing team to define pricing structure for company products
- Address issues and concerns raised by team members relating to pricing suggestions
- Experience working as a pricing analyst in the same industry
- Strong knowledge about the industry including competitors and market trends
- Keen eye for identifying opportunity
- Strong analytical and research skills
- Excellent verbal and written communication skills
- Good negotiations and problem-solving skills
- Effective reporting and presentation skills
- Enthusiastic and proactive team player
- Able to sit in front of a computer screen for long hours every day
Pricing Analyst Salaries near India
Average Base Pay
Pricing Analyst Career Path
Learn how to become a Pricing Analyst, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.
Years of Experience Distribution
Pricing Analyst Insights
“The job I have gives me flexible hours and the capability to work from home as needed.”
“Career opportunity I needed to give 4 stars only because the good work done here is yet not rocognized abroad”
“Office is close to airport flexible to 2/3 hybrid mode people nice but not friendly.”
“Now I have a much better work life balance that feels worth more than gold.”
“We was done as a team NP launch Kellogg’s Froot Loops launch is amazing work also we got the best region award”
“Good for people seeking long term and steady career path.”
“Salaries aren’t competitive and IT support is terrible.”
“Good and experienced people to work with.”
Pricing Analyst Interviews
Frequently asked questions about the role and responsibilities of a Pricing Analyst
When working as a Pricing Analyst, the most common skills you will need to perform your job and for career success are Excellent Communication, Microsoft EXCEL, Microsoft Office Suite, Statistics and Strategic Thinking.
- Financial Analyst
- Financial Manager
- Finance Manager
The most common qualifications to become a Pricing Analyst is a minimum of a Bachelor's Degree and an average of 0 - 1 of experience not including years spent in education and/or training.