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Inventory Manager Salary

Median pay for Inventory Managers in the United States is around $51K annually. Total cash compensation to Inventory Managers bottoms out near $27K and approaches $80K on the high end; the biggest paychecks include approximately $10K from bonuses and almost $7K from profit sharing. Career duration is the biggest factor affecting pay for this group, followed by geography. While some workers in this profession — close to a fifth — do not have any health coverage, a strong majority do receive medical benefits and a majority have dental insurance. Male Inventory Managers are more prevalent than women among those who took the survey — 65 percent of professionals. Work is enjoyable for Inventory Managers, who typically claim high levels of job satisfaction. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$31,977 - $80,383
(Median)
$32K
$51K
$80K
MEDIAN: $50,543
10%
50%
90%

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$10.09 - $20.24
(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
$31,977 - $80,383  
   
Bonus
$0.00 - $9,828  
Profit Sharing
$205.11 - $7,174  
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).
)
$26,910 - $79,948  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 949
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
$10.09 - $20.24  
   
Overtime
$14.63 - $30.94  
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 - $9,828  
   
Commission
$0.15 - $19,000  
Profit Sharing
$205.11 - $7,174  
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).
)
$26,910 - $79,948  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 394

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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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At the upper end, Inventory Managers who move into a Business Manager of Logistics role can end up with a hefty increase in pay. The average income for Logistics Business Managers is a much higher $61K per year. An Inventory Control Manager or a Purchasing Manager is a typical transition from an Inventory Manager role.

Inventory Control Manager Job Listings

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Popular Skills for Inventory Manager


Inventory Managers seem to require a number of specific skills. Most notably, skills in Materials Requirement Planning, Operations Management, People Management, and Microsoft Excel are correlated to pay that is above average. Skills that seem to negatively impact pay include Order Inventory and Inventory Control. Most people familiar with Inventory Control also 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. Salaries of relatively inexperienced workers fall in the neighborhood of $38K, but folks who have racked up five to 10 years see a notably higher median of $49K. Inventory Managers see a median salary of $54K after reaching one to two decades on the job. People who have worked for more than 20 years report a median income of $60K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location


Columbus offers some of the highest pay in the country for Inventory Managers, 38 percent above the national average. Inventory Managers can also look forward to large paychecks in cities like Houston (+37 percent), New York (+36 percent), Dallas (+36 percent), and Cleveland (+34 percent). The lowest-paying market is Portland, which sits 12 percent below the national average. Workers in Seattle and Nashville earn salaries that trail the national average for those in this profession (12 percent less and 7 percent less, respectively).

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

United States (change)

Experience Affects Inventory Manager Salaries




National Average
$44,000


Skills That Affect Inventory Manager Salaries


Operations Management
up arrow 3%

People Management
up arrow 2%

Microsoft Excel
0%

National Average
$44,000

Inventory Management
up arrow 2%

Purchasing
up arrow 2%



Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 288 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
3%
1-4 years
37%
5-9 years
29%
10-19 years
22%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 76% dental benefits Dental: 64%
vision benefits Vision: 48% employee benefits None: 21%