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

Average Years of Experience

0 - 1
18%
2 - 4
62%
5 - 7
14%
8+
6%

Common Skill Sets

Excellent Communication
Microsoft EXCEL
Microsoft Office Suite
Statistics
Strategic Thinking
Written Communication
Problem Solving
Attention To Detail

Pricing Analyst Seniority Levels

L2
Pricing Analyst
A$80,000/yr
L4
Lead Pricing Analyst
No Salary Reports
Financial Analyst
19% made the transition
Financial Consultant
6% made the transition
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Pricing Analyst Salaries

Average Base Pay

A$80,000 /yr
Same as national average
Not including cash compensation
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A$66K
Median: A$80K
A$118K
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Glassdoor Estimated Salary

Pricing Analyst jobs

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