Inventory Manager Salary

Median pay for Inventory Managers in the United States is around $51K per year. Cash earnings for Inventory Managers — including $10K in bonuses and $7K in profit sharing proceeds near the top of the pay scale — generally stretch from $27K to $79K depending on individual performance. Geography and career duration each impact pay for this group, with the former having the largest influence. Job satisfaction is reported as high by the vast majority of workers. Unfortunately, some people in this line of work are without benefits — one in five lack coverage. On the flip side, a fair number have medical insurance and more than half receive dental plans. Men account for the majority of Inventory Managers who responded to the questionnaire — 65 percent to be exact. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$32,091 - $80,417
(Median)
$32K
$51K
$80K
MEDIAN: $50,579
10%
50%
90%

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$10.13 - $20.31
(Median)
$10
$14
$20
MEDIAN: $14.00
10%
50%
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
$32,091 - $80,417  
   
Bonus
$0.00 - $9,880  
Profit Sharing
$207.29 - $7,376  
Commission
$0.15 - $19,000  
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).
)
$26,995 - $79,344  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 975
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
$10.13 - $20.31  
   
Overtime
$14.89 - $31.00  
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 - $9,880  
   
Commission
$0.15 - $19,000  
Profit Sharing
$207.29 - $7,376  
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).
)
$26,995 - $79,344  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 440
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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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Inventory Managers' salaries may rise greatly for those who assume a higher-end position such as a Supply Chain Manager. The average Supply Chain Manager brings home $83K per year. The most common next step for an Inventory Manager is to become an Inventory Control Manager or a Purchasing Manager. The former position pays an additional $1K per year on average, and the latter position pays $5K more per year.

Inventory Control Manager Job Listings

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Popular Skills for Inventory Manager


Survey results suggest that Inventory Managers put a wide range of professional skills to use. Most notably, skills in Materials Requirement Planning, Operations Management, People Management, and Microsoft Excel are correlated to pay that is above average, with boosts between 3 percent and 9 percent. 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.


For many Inventory Managers, more experience generally translates to higher pay. Relatively untried employees who have less than five years' experience make $38K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $49K. Inventory Managers bring in $53K after working for 10 to 20 years. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $57K.

Pay Difference by Location


Inventory Managers will find that Columbus offers an impressive pay rate, one which exceeds the national average by 39 percent. Inventory Managers will also find cushy salaries in Dallas (+37 percent), Cleveland (+34 percent), New York (+28 percent), and Houston (+28 percent). Seattle is home to the smallest salaries in the field, lagging the national average by 10 percent. A couple other locations with smaller-than-average paychecks include Portland (8 percent lower) and Austin (2 percent lower).

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

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Experience Affects Inventory Manager Salaries




National Average
$44,000


Skills That Affect Inventory Manager Salaries


Operations Management
up arrow 4%

People Management
up arrow 3%

Microsoft Excel
up arrow 1%

National Average
$44,000

Purchasing
up arrow 1%

Inventory Management
up arrow 2%



Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 276 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
2%
1-4 years
38%
5-9 years
28%
10-19 years
22%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 77% dental benefits Dental: 64%
vision benefits Vision: 49% employee benefits None: 21%
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