Inventory Manager Salary

Average Inventory Managers in the United States make around $50K per year. Overall cash earnings for Inventory Managers stretch from $27K on the lower end to $75K near the top, and the heftiest packages can encompass around $12K from bonuses and $9K from profit sharing. Earnings for this group are mostly affected by the particular firm, followed by the particular city and tenure. The majority of Inventory Managers claim high levels of job satisfaction. Health benefits are not enjoyed by everyone in this line of work, and approximately one in four lack any coverage at all. Medical benefits are reported by a fair number and dental coverage is claimed by more than half. Men account for the majority of Inventory Managers who responded to the questionnaire — 64 percent to be exact. This report is based on responses to the PayScale salary survey.
Read More
$33,028 - $81,934
$33K
$50K
$82K
MEDIAN: $50,370
10%
50%
90%

Add this chart to your site: 640px    300px

$10.79 - $20.71
$11
$15
$21
MEDIAN: $14.69
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Salary
$33,028 - $81,934  
   
Bonus
$515 - $12,090  
Profit Sharing
$302.01 - $8,940  
Commission
$3,127  
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).
)
$27,017 - $75,258  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 786
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$13$26$39
Hourly Rate
$10.79 - $20.71  
   
Hourly Tips
$1.07  
Overtime
$15.59 - $29.99  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$26K$52K$78K
Bonus
$515 - $12,090  
   
Commission
$3,127  
Profit Sharing
$302.01 - $8,940  
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).
)
$27,017 - $75,258  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 488

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

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.

Read More...

Inventory Manager Tasks

  • Implement and execute an inventory replenishment system ensuring proper levels of stock.
  • Act as a liaison between departments and buyers and determine obsolete stock while optimizing inventory turnover.
  • Maintain accurate inventory counts throughout.

Common Career Paths for Inventory Manager


Add this chart to your site:   640px 640px    300px 300px


Inventory Managers who advance into the role of a Supply Chain Manager are fairly uncommon. Supply Chain Managers on average earn $82K per year. However, becoming a Inventory Control Manager or Warehouse Manager is a more frequent transition for Inventory Managers.

Inventory Control Manager Job Listings

Search for more jobs:

Popular Employer Salaries for Inventory Manager


Although salaries only range from $67K to just $100K, Sears Holdings Corporation still offers the highest pay with a median paycheck of $78K.

Popular Skills for Inventory Manager


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Logistics, Data Analysis, Operations Management, and Materials Requirement Planning are correlated to pay that is above average, with boosts between 17 percent and 20 percent. Skills that pay less than market rate include Organizing, Organizational Development, and Shipping. The majority of those who know Inventory Control also know Microsoft Excel.

Pay by Experience Level for Inventory Manager

Pay by Experience for an Inventory Manager has a positive trend. An entry-level Inventory Manager with less than 5 years of experience can expect to earn an average total compensation of $37,000 based on 674 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Inventory Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $48,000 based on 388 salaries. An experienced Inventory Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $51,000 based on 333 salaries. An Inventory Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $51,000 based on 130 salaries.

Pay Difference by Location

National Average: $42,904

Larger city markers indicate a job is popular in that location.

Charlotte offers some of the highest pay in the country for Inventory Managers, 83 percent above the national average. Inventory Managers will also find cushy salaries in Chicago (+39 percent), Miami (+37 percent), Atlanta (+32 percent), and Los Angeles (+25 percent). Inventory Managers in San Antonio report much lower salaries than the rest of the country — 23 percent below the national average — proving that residence is a major factor in overall pay. Employers pay around 18 percent less in Orlando and 9 percent less in Phoenix, below-median salaries for those in this field.

Inventory Manager Reviews

Q: What is it like working as an Inventory Manager?

Inventory Manager in Warminster:
"Inventory manager that does it all."
Pros: I am always helping others out, as well as completing my own work.
Cons: People use me and boss me around and j don't get overtime but my pay can be cut if I'm short hoursz.

Inventory Manager in Jacksonville:
Pros: I love talking to people and making customer's automotive dreams come to life. I also enjoy building my network with other dealerships.
Cons:

Inventory Manager in San Francisco:
Pros: Fast paced environment. Problem to problem and I get to solve it. No body on my neck most of the time.
Cons: People expect things from me, ask me a lot of questions and my managers do not understand that I have a lot on my table.

Inventory Manager in Denver:
"Inventory Manager."
Pros: Learning new things.
Cons: No set system. Disorganized.

Related Job Salaries

Key Stats for Inventory Manager

Gender

Female
36 %
Male
64 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 220 votes.
Less than 1 year
4%
1-4 years
41%
5-9 years
24%
10-19 years
22%
20 years or more
10%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Inventory Manager Salaries

▲20%

▲19%

▲11%

National Average
$43,000

▼13%

Skills That Affect Inventory Manager Salaries

Logistics
▲20%

▲19%

Operations Management
▲17%


▲8%



National Average
$43,000



Microsoft Office
▼1%


Shipping
▼3%

Organizational Development
▼16%

Organizing
▼17%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 220 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
4%
1-4 years
41%
5-9 years
24%
10-19 years
22%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 74%
dental benefits
Dental: 59%
vision benefits
Vision: 47%
no benefits
None: 25%