Inventory Manager Salary (United States)

Inventory Managers in the United States ordinarily take home approximately $43,963 per year. Compensation generally starts at $26,547 and does not exceed $79,495 per year. The range in cash compensation to Inventory Managers ($26,547 to $79,495) includes potential earnings of $9,761 each from bonuses and profit sharing in exceptional cases. Residency and experience level each impact pay for this group, with the former having the largest influence. Some workers in this field—about one-fifth—are not awarded benefits. Medical coverage is reported by most and dental plans are enjoyed by more than half. Most workers in this position report high levels of job satisfaction. This report is based on answers to PayScale's salary questionnaire.
Inventory Manager 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.
)
$31,562 - $78,949
(Median)
32K
51K
65K
79K
MEDIAN: $50,712
10%
50%
75%
90%
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Inventory Manager 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.
)
$10.05 - $20.32
(Median)
10
14
17
20
MEDIAN: $13.00
10%
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$27K$54K$81K
Salary
$31,562 - $78,949  
   
Bonus
$0.00 - $9,761  
Profit Sharing
$244.68 - $7,047  
Commission
$0.33 - $17,687  
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).
)
$26,547 - $79,495  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 817
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$14$28$42
Hourly Rate
$10.05 - $20.32  
   
Overtime
$14.22 - $31.23  
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$28K$56K$84K
Bonus
$0.00 - $9,761  
   
Commission
$0.33 - $17,687  
Profit Sharing
$244.68 - $7,047  
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).
)
$26,547 - $79,495  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 321
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Job Description for Inventory Manager

An inventory manager controls the inventory of materials or goods for a company. This includes keeping accurate account of all inventory on hand, as well as ordering additional inventory to meet the needs of the business. The inventory manager decides whether a product needs to have additional stock in the warehouse or if it can be ordered on an as-needed basis. The inventory manager is also responsible for hiring and managing inventory clerks to assist them.
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Inventory Manager Tasks
  • Maintain accurate inventory counts throughout.
  • Act as a liaison between departments and buyers and determine obsolete stock while optimizing inventory turnover.
  • Implement and execute an inventory replenishment system ensuring proper levels of stock.

Common Career Paths for Inventory Manager

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For Inventory Managers, career advancement has a positively large impact on pay. Approaching the top of the pay scale, a Logistics Business Manager will earn $17,094 more than someone not as far along in their career. It is not unusual for an Inventory Manager to become an Inventory Control Manager or an Purchasing Manager.

Inventory Manager Job Listings

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Popular Skills for Inventory Manager

Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Materials Requirement Planning (MRP), Microsoft Excel, Operations Management, and Inventory Management are correlated to pay that is above average, with boosts of 15 percent, 5 percent, 4 percent, and 4 percent, respectively. Skills that pay less than market rate include Order Inventory and Inventory Control. Those familiar with Inventory Control also tend to know Microsoft Excel.

Pay by Experience Level for Inventory Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Inventory Managers with a rich background of experience are typically rewarded with larger paychecks. Starting out, salaries are typically $38K, which grows to $49K after five to 10 years. Salary comes to $56K after 10 to 20 years. As Inventory Managers reach 20 years on the job, salary increases slow down a bit, averaging $60K. Experienced employees who have 10-20 years of experience make up about one-fifth of the workforce; inexperienced individuals who have been working for less than one year comprise less than five percent, and senior people with more than 20 years under their belt fill out the remaining less than 10 percent. In this field, workers tend to have anywhere from one to nine years of experience—of those surveyed, more than half land within this range.

Pay Difference By Location

Chicago
up arrow 38%
up arrow 37%
Dallas
up arrow 34%
Columbus
up arrow 34%
Cleveland
up arrow 31%
up arrow 27%
San Diego
up arrow 25%
up arrow 12%
Tulsa
up arrow 12%
Miami
up arrow 9%
Los Angeles
up arrow 2%
National Average
$44,000
Nashville
up arrow 7%
up arrow 13%
Portland
up arrow 16%
San Antonio
up arrow 27%
Larger circles over a city indicate a job is popular in that location.
Home to some of the best pay for Inventory Managers, Chicago offers exceptional salaries, 38 percent above the national average. Those in search of high salaries should also consider checking out cities like Houston, Columbus, Dallas, and Cleveland, top-paying markets where Inventory Managers rake in more than the national norm (+37 percent, +34 percent, +34 percent, and +31 percent). Inventory Managers in San Antonio report much lower salaries than the rest of the country—27 percent below the national average—proving that residency is a major factor in overall pay. Employers pay around -16 percent in Portland and -13 percent in Seattle, below-median salaries for those in this field.

Inventory Manager Reviews

What is it like working as an Inventory Manager?
Inventory Manager in Denver:
"Inventory Manager."
Pros: Learning new things.
Cons: No set system. Disorganized.

Related Job Salaries

Experience Affects Inventory Manager Salaries

National Average
$44,000

Skills That Affect Inventory Manager Salaries

Operations Management
up arrow 4%
National Average
$44,000
Inventory Management
up arrow 1%
Purchasing
up arrow 2%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 287 votes.

Gender

Female
38%
female alumni
 
Male
62%
male alumni

Years of Experience

Less than 1 year
4%
1-4 years
37%
5-9 years
29%
10-19 years
21%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 77% dental benefits Dental: 65%
vision benefits Vision: 48% employee benefits None: 21%
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