Inventory Analyst Salary (United States)

More than half of Inventory Analysts are relatively junior in their careers, reporting less than five years' experience and an average income of $46,748 annually. Pay begins at $32,286 on the low end and climbs to $64,798 per year near the top. Total cash compensation runs from $36,101 to $64,895, including potential for up to $5,306 each from bonuses and profit sharing. Geography is the biggest factor affecting pay for this group, followed by years of experience. The majority in this profession are lucky enough to receive benefits; most get medical and dental insurance, and a majority get vision plans, too. Male Inventory Analysts are just a bit more common than females ones, with males workers composing 55 percent of the field. The majority of Inventory Analysts claim high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.
Inventory Analyst Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$36,101 - $64,895
(Median)
36K
42K
49K
56K
65K
MEDIAN: $48,612
10%
25%
50%
75%
90%
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Inventory Analyst Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$11.99 - $23.25
(Median)
12
15
17
20
23
MEDIAN: $16.00
10%
25%
50%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$22K$44K$66K
Salary
$36,101 - $64,895  
   
Bonus
$0.00 - $5,306  
Profit Sharing
$350.00 - $5,522  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$32,286 - $64,798  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 560
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$12$24$36
Hourly Rate
$11.99 - $23.25  
   
Overtime
$15.79 - $35.69  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$24K$48K$72K
Bonus
$0.00 - $5,306  
   
Profit Sharing
$350.00 - $5,522  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$32,286 - $64,798  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 175
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Job Description for Inventory Analyst

An inventory analyst is responsible for handling the challenges posed by managing an inventory. A wide set of skills is necessary for this position. First and foremost the analyst must have exceptional technical knowledge. Armed with customer purchasing habits for stores and regions, the inventory analyst uses statistical analyses to determine the proper inventory levels for stores. Once an appropriate inventory level is determined, the analyst must set orders into motion and ensure that the inventory levels are consistently met. Additionally, the inventory analyst must use exceptional communication skills to effectively work with everyone who contributes to inventory shipment. The inventory analyst must order inventory from the company's suppliers and then work with suppliers to track the shipments. If shipping issues arise, the inventory analyst must work with the suppliers to appropriately resolve the situation.
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Inventory Analyst Tasks
  • Develop and implement solutions to improve inventory turnover and dealer replenishment.
  • Manage inventory, delivery dates and fill rates for assigned suppliers.
  • Maintain online systems accurately reflect order and supplier information.
  • Anticipate potential backorder cases and work closely with suppliers and management to find other sources or expedite the product.
  • Execute purchasing and order placement.

Common Career Paths for Inventory Analyst

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Inventory Analysts may enjoy a sizeable increase in earnings as they climb the career ladder. For example, top-notch roles like Demand Planner can offer an extra $12,935 annually than lower-level jobs in the same field. An Inventory Manager role is the most prevalent career advancement for Inventory Analysts, though paychecks actually shrink by $3,034. a Manufacturing Production Planner position is another common transition for Inventory Analysts; in this role, salaries typically increase by $2,380.

Inventory Analyst Job Listings

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Popular Skills for Inventory Analyst

Overall, survey participants reported applying a fair number of skills to their work. Forecasting is considered a valuable skill and can increase employee pay by 5 percent. At the other end of the pay range are skills like Inventory Control. Those educated in Data Analysis tend to be well-versed in Inventory Management.

Pay by Experience Level for Inventory Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Across the entire workforce, experience and pay tend to be weakly linked—those with more experience do not necessarily bring in much higher salaries. After five to 10 years, pay—which begins at $45K—can reach $48K. Those who spend a decent amount of time in this profession—one to two decades—usually make about $49K. Inventory Analysts experience only minor salary growth after working for two decades, bringing in around $53K. Experienced employees who have 10-20 years of experience make up 13 percent of the workforce; inexperienced individuals who have been working for less than one year comprise 7 percent, and senior people with more than 20 years under their belt fill out the remaining 7 percent. Between one and nine years is the typical spectrum of experience for those in this line of work—of those who took the survey, most land within this radius.

Pay Difference By Location

up arrow 22%
up arrow 17%
Chicago
up arrow 12%
New York
up arrow 6%
Philadelphia
up arrow 4%
Los Angeles
up arrow 2%
Dallas
up arrow 1%
National Average
$47,000
Cincinnati
up arrow 4%
Pittsburgh
up arrow 16%
Larger circles over a city indicate a job is popular in that location.
Home to some of the best pay for Inventory Analysts, Houston offers exceptional salaries, 22 percent above the national average. Inventory Analysts can also look forward to large paychecks in cities like Atlanta (+17 percent), Chicago (+12 percent), New York (+6 percent), and Philadelphia (+4 percent). Falling short of the national average by 16 percent, the area with the worst salaries is Pittsburgh.

Related Job Salaries

Experience Affects Inventory Analyst Salaries

National Average
$47,000

Skills That Affect Inventory Analyst Salaries

Microsoft Excel
up arrow 2%
Data Analysis
up arrow 2%
Inventory Management
up arrow 1%
Microsoft Access
up arrow 1%
National Average
$47,000
Inventory Control
up arrow 4%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 188 votes.

Gender

Female
45%
female alumni
 
Male
55%
male alumni

Years of Experience

Less than 1 year
7%
1-4 years
49%
5-9 years
25%
10-19 years
13%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 80%
vision benefits Vision: 66% employee benefits None: 11%
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