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
EducationBachelor's Degree
Work/Life Balance
3.7 ★
Salary Range--
Career Opportunity
3.5 ★
Avg. Experience2-4 years

Pricing Analyst Salaries

Average Base Pay

£32,227 /yr
Same as national average
Not including cash compensation
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£22K
Median: £32K
£47K
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Glassdoor Estimated Salary

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.

L2
Pricing Analyst
£32,227/yr
L3
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Pricing Analyst Insights

Read what Pricing Analyst professionals have to say about their job experiences and view top companies for this career.
The BLS CompanyThe BLS Company
Pricing Coordinator
30 Nov 2020

“Great training provided that left you satisfied and knowing exactly what you needed to do.”

Sprouts Farmers MarketSprouts Farmers Market
Sorter and Price Tagger
15 Apr 2021

“Discount and close to home”

BDP InternationalBDP International
Pricing Analyst
17 Sep 2019

“Very flexible and a great place to learn and start your career.”

PolyPoly
Pricing Manager
5 Aug 2021

“Good for people seeking long term and steady career path.”

DeloitteDeloitte
Transfer Pricing Associate
12 Nov 2020

“Good Perks and benifits.”

DB SchenkerDB Schenker
Pricing Analyst
29 Sep 2021

“Good and experienced people to work with.”

WaitroseWaitrose
Price Reductions
7 Oct 2020

“Didn’t really push everyone to work as much as a team as they could have”

BayerBayer
Pricing Manager
25 Aug 2021

“Great work and life balance”

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Pricing Analyst Interviews

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Pricing Analyst jobs