Career Definition of Margin Analysts
Your role as a margin analyst will be to assist companies with their sales initiatives by focusing on pricing margins. This is a research-centric career, as you will need to study current market trends, including competitor pricing, and analyze your company's pricing strategy. Margin analysts are needed in a variety of industries, including finance, production, and marketing.
As a margin analyst, you may often work with product management to develop methods, such as enhancing your customer pool, that align with your company's strategy. You could be responsible for drafting progress reports and presenting them to organizational management. You could also be responsible for assisting with developing sales budgets and projections.
|Educational Requirements||Bachelor's degree|
|Job Skills||Aptitude for data management, excellent technical abilities, strong communication skills, and strong project management abilities|
|Median Salary (2020)*||$49,763|
|Job Outlook (2018-2028)**||6% (Financial Analyst)|
Sources: *PayScale, **U.S. Bureau of Labor Statistics (BLS)
A bachelor's degree is the preferred level of education to work as a margin analyst. Suitable areas of study are accounting, economics, and finance. Alternatively, some employers may accept an associate's degree and relevant work experience. As a margin analyst, your position may require you to have focused training in an area like data management.
An aptitude for data management is one of the top skills you will need as a margin analyst as you will be sorting and analyzing pricing information. It is important to have excellent technical skills as a margin analyst, since you will be working with programs like price positioning tools. It is also important to have strong communication skills. You may be tasked with leading business presentations and collaborating with sales staff on pricing issues. Finally, you should have strong project management abilities in order to oversee pricing initiatives when needed.
Career Outlook and Salary
PayScale reports that as a margin analyst you could earn a median annual wage of $49,763. When it comes to the job outlook, the U.S. Bureau of Labor Statistics (BLS) does not have information for margin analysts. Financial analysts are a closely related career and have an estimated job growth of 6% for 2018-2028, which is faster than most careers.
A career as a margin analyst requires a strong understanding of financial principles. You can utilize that skill in one of these related financial careers offered below.