Inventory Manager Salary (United States)

Inventory Managers in the United States pull down an average of $43,963 annually. Compensation generally starts at $26,547 and does not exceed $79,495 per year. With some bonuses and profit sharing proceeds approaching $9,761 each, total income generally ranges from $31,562 to $78,949 depending on individual performance. Geographic location and career duration each impact pay for this group, with the former having the largest influence. Not all workers are lucky enough to have benefits; in fact, 21 percent are without coverage. Medical insurance is claimed by most and dental insurance is reported by a majority. Job satisfaction is reported as high by the vast majority of workers. The numbers for this synopsis were furnished by individuals who completed 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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Compensation may increase greatly for Inventory Managers who advance in their career. Upper-end positions like Logistics Business Manager may make an additional $17,094 per year than lower-end positions. Becoming an Inventory Control Manager or an Purchasing Manager is often the next step for an Inventory Manager.

Inventory Manager Job Listings

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Popular Skills for Inventory Manager

Inventory Managers report using a pretty varied skill set on the job. 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. At the other end of the pay range are skills like Order Inventory and Inventory Control. It is often found that people who know Inventory Control are also skilled in Microsoft Excel.

Pay by Experience Level for Inventory Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.
In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher salaries. Though starting salaries approximate $38K, they climb to $49K after five to 10 years. Between 10 and 20 years, pay reaches $56K. The 20-year mark seems to bring slower salary growth, and Inventory Managers at this tenure level tend to see their incomes plateau to $60K. Experienced employees who have 10-20 years of experience make up 21 percent of the workforce; inexperienced individuals who have been working for less than one year comprise less than five, and senior people with more than 20 years under their belt fill out the remaining less than 10. Between one and nine years of experience is the norm for people in this field—a majority of those surveyed fit this bill.

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.
For Inventory Managers, busy Chicago offers a higher-than-average pay rate, 38 percent above the national average. Other urban areas shelling out big bucks include Houston, Columbus, Dallas, and Cleveland, where Inventory Managers typically earn around 37 percent, 34 percent, 34 percent, and 31 percent more than usual. Inventory Managers in San Antonio earn salaries far below the national average by 27 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Two other places where employers offer below-median salaries are Portland (-16 percent) and Seattle (-13 percent).

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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