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Inventory Manager Salary

Pay for Inventory Managers in the United States sits in the ballpark of $51K annually. Overall cash earnings for Inventory Managers stretch from $27K on the lower end to $80K near the top, and the heftiest packages can encompass around $10K from bonuses and $7K from profit sharing. Location is the biggest factor affecting pay for this group, followed by years of experience. Most workers in this position report high levels of job satisfaction. Although approximately one in five lack health benefits of any kind, a strong majority do enjoy medical insurance, and the greater part get dental coverage, too. Most people who answered the questionnaire are men; 65 percent of Inventory Managers are male. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$31,978 - $80,665
(Median)
$32K
$51K
$81K
MEDIAN: $50,776
10%
50%
90%

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$10.12 - $20.17
(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
$31,978 - $80,665  
   
Bonus
$0.00 - $9,878  
Profit Sharing
$225.00 - $7,347  
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).
)
$26,921 - $80,092  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 954
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
$10.12 - $20.17  
   
Overtime
$14.79 - $30.82  
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 - $9,878  
   
Commission
$0.15 - $19,000  
Profit Sharing
$225.00 - $7,347  
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).
)
$26,921 - $80,092  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 411

Find Out Exactly What You Should Be Paid

United States (change)


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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 who go on to become Supply Chain Managers may see their salaries climb quite a bit. Median pay for Supply Chain Managers is $83K annually. It is not uncommon for an Inventory Manager to continue on to become an Inventory Control Manager or a Purchasing Manager.

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. At the other end of the pay range are skills like Order Inventory and Inventory Control. Most people experienced in 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.


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Workers in their first five years can expect to earn $38K, but people who have been around for five to 10 years earn a noticeably bigger sum of $49K. After working for 10 to 20 years, Inventory Managers make a median salary of $55K. 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 $59K.

Pay Difference by Location


For those looking to make money, Inventory Managers in Columbus enjoy an exceptional pay rate, 38 percent above the national average. Inventory Managers can also look forward to large paychecks in cities like Dallas (+37 percent), Cleveland (+34 percent), Houston (+31 percent), and New York (+28 percent). Falling short of the national average by 12 percent, the area with the worst salaries is Seattle. Portland and Austin are a couple other places where companies are known to pay below the median — salaries are 9 percent lower and 4 percent lower, 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
up arrow 1%

National Average
$44,000

Inventory Management
up arrow 2%

Purchasing
up arrow 2%



Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 284 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

Less than 1 year
3%
1-4 years
37%
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: 48% employee benefits None: 21%
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