How to Become a Competitive Pricing Analyst
Step 1: Understand the job description and responsibilities of a Competitive Pricing Analyst
What does a Competitive Pricing Analyst do?
A Competitive Pricing Analyst provides analysis of revenue, market share, capacity, and competitor activity to develop optimal pricing for geographies and market segments aligned with products and sales strategy. Conducts market research, assesses data, and develops insights into market trends and pricing strategies. Being a Competitive Pricing Analyst maintains a database of historical pricing data to monitor and evaluate the effectiveness of pricing and guide pricing decisions. Coordinates tools, reports, and communications for accurate pricing information responsive to market changes. Additionally, Competitive Pricing Analyst typically requires a bachelor's degree in business or related discipline. Typically reports to a manager. The Competitive Pricing Analyst occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Competitive Pricing Analyst typically requires 2 -4 years of related experience.
We offer an attractive compensation package, including a competitive base salary, and a competitive benefit package including health, dental & vision insurance, 401K plan, profit sharing, PTO (paid time off) and Holiday Pay.
Step 2: Learn best tips to become a Competitive Pricing Analyst
Best tips for those who want to become a Competitive Pricing Analyst
Here are some tips to become a Competitive Pricing Analyst.
Step 3: View best colleges and universities for Competitive Pricing Analyst
Best colleges and universities for Competitive Pricing Analyst
- Butler University
- Carroll College
- Cooper Union
- High Point University
- Princeton University
- Providence College
Step 4: Think about whether is it worth to be a Competitive Pricing Analyst
Is being a Competitive Pricing Analyst Worth it?
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Conducting market pricing analyses and compensation benchmarking for new job openings….
Step 5: Prepare relevant skills for being a Competitive Pricing Analyst
What skills do you need to be a Competitive Pricing Analyst?
When looking into a role like this one, you need to take account of your skills and abilities. The ability to succeed in this role depends upon the possession of the following skills: Competitive Intelligence, Marketing Research, Pricing Management. Although not always necessary, a grasp of these skills can help: General Data Analysis Software. During an interview, try to convey your knowledge of these skills.
Work with sales, purchasing, and marketing teams to gain an in-depth understanding of segment specific pricing strategies and the overall competitive landscape.
Minimum of four years’ experience in Pricing Management, Data Analytics, or a related field.
This role will have responsibility and accountability for Pricing Analysis activities associated with large scale, complex, multi-tower (including IT, Infrastructure and Business Processes) engagements based in North America.
ElsevierAccount Manager (Petchems) - ICISSingaporeNew 24 hr experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts.
FISChannel and Alliance Manager (Banking Solutions)Singapore 9 d decisive action • Background in strategy, pricing, portfolio management, competitive intelligence and primary research experience… thought leader, represents FIS in industry press, industry analysts, industry associations, at industry conferences, FIS conferences….
Step 6: View average salary for Competitive Pricing Analyst
How much does a Competitive Pricing Analyst make?
The average salary range for a Competitive Pricing Analyst is from $64,931 to $81,263. The salary will change depending on your location, job level, experience, education, and skills.
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Average salary for Competitive Pricing Analyst jobs
- Competitive Pricing Analyst II
- Competitive Pricing Analyst I
- Competitive Pricing Analyst III
- Competitive Pricing Analyst IV
- Competitive Pricing Analyst V
- Competitive Pricing Assistant Manager
- Competitive Pricing Director
- Competitive Pricing Manager
- Competitive Pricing Senior Manager
- Vice President of Competitive Pricing