Unlock Your Career Potential at Starbucks
Starbucks is not just a company; it's a movement. We're known for our commitment to coffee, community, and creating a sense of connection among our customers and partners. As a leader in the retail industry, we're dedicated to developing extraordinary leaders who share our passion and are guided by their service to others. If you're looking for a role that combines your analytical skills, business acumen, and passion for pricing strategy, we've got an exciting opportunity for you.
About the Role
We're seeking an experienced Director of Pricing Strategy to join our team on a remote basis across the U.S. As a key member of our pricing team, you'll play a pivotal role in shaping the financial success and competitive positioning of Starbucks. You'll lead a world-class team of pricing professionals, data scientists, and economists, collaborating closely with cross-functional teams to develop and implement strategic pricing initiatives that drive revenue growth, enhance profitability, and ensure alignment with our business objectives.
Key Responsibilities
- Develop Pricing Strategies: Formulate comprehensive pricing strategies that maximize profitability while considering market dynamics, customer segmentation, and competitive landscape.
- Market Analysis: Conduct thorough market analysis to identify trends, opportunities, and threats, providing actionable insights to inform pricing decisions.
- Menu Price Optimization: Utilize advanced analytics and pricing models to optimize pricing structures, new product price recommendations, tests, and architecture strategy.
- Cross-functional Collaboration: Work closely with product, marketing, finance, and operations to align pricing strategies with business goals, product lifecycle stages, and go-to-market strategies.
- Competitive Intelligence: Monitor competitor pricing strategies and market positioning to anticipate changes and proactively adjust our pricing approach.
- Pricing Governance: Establish pricing governance frameworks, policies, and guidelines to ensure consistency and transparency.
- Performance Tracking: Develop KPIs and metrics to track the effectiveness of pricing strategies, conducting regular performance reviews and making data-driven recommendations for optimization.
- Team Leadership: Lead, mentor, and develop a team of pricing professionals, fostering a culture of innovation, collaboration, and continuous improvement.
Qualifications and Skills
To succeed in this role, you'll need:
- A Master's degree in Business Administration, Marketing, Economics, or a related field.
- 5+ years of experience in pricing strategy, revenue management, or related roles within the retail or hospitality industry, preferably in the food and beverage sector.
- Strong analytical skills with proficiency in pricing analytics, financial modeling, and data visualization tools.
- Excellent communication and collaboration skills, with the ability to influence stakeholders and build consensus across teams.
- A creative thinker with a customer-centric mindset, capable of translating insights into actionable pricing strategies.
- Leadership experience, including the ability to inspire and develop a high-performing team in a fast-paced environment.
Preferred Qualifications
- Experience working in a global or multi-national organization.
- Familiarity with the food and beverage industry.
- Knowledge of statistical modeling and data analysis techniques.
What We Offer
As a Starbucks partner, you'll enjoy a comprehensive benefits package, including:
- Medical, dental, vision, basic and supplemental life insurance, and other voluntary insurance benefits.
- Short-term and long-term disability, paid parental leave, family expansion reimbursement, paid vacation, sick time, and eight paid holidays.
- Participation in a 401(k) retirement plan with employer match, a discounted company stock program (S.I.P.), Starbucks equity program (Bean Stock), incentivized emergency savings, and financial well-being tools.
- 100% upfront tuition coverage for a first-time bachelor's degree through Arizona State University's online program via the Starbucks College Achievement Plan.
- Access to backup care and DACA reimbursement.
Career Growth and Development
At Starbucks, we're committed to helping our partners grow and develop their careers. As a Director of Pricing Strategy, you'll have opportunities to:
- Develop your leadership skills and expertise in pricing strategy.
- Collaborate with cross-functional teams to drive business growth and innovation.
- Stay up-to-date with industry trends and best practices in pricing and revenue management.
Our Culture
At Starbucks, we pride ourselves on our inclusive and diverse culture. We believe that a diverse workforce enables us to better meet our mission and values while serving customers throughout our global communities. We're committed to creating a welcoming workplace that includes partners with diverse backgrounds and experiences.
Compensation
The actual base pay offered to the successful candidate will be based on multiple factors, including job-related knowledge/skills, experience, geographical location, and internal equity. The pay range for this role is $151,200 - $267,000 annually.
Join Our Team!
If you're a motivated and experienced pricing professional looking for a new challenge, we want to hear from you. Apply today to join our team and shape the future of Starbucks' financial success!
Starbucks is an equal employment opportunity employer and welcomes applications from diverse candidates. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, physical or mental disability, sexual orientation, marital status, military or veteran status, gender identity and expression, genetic information, or any other factor protected by law.
Apply Now