An average Inventory Manager in the United States can expect to take home roughly $50K annually. In the world of Inventory Managers, overall income ranges from $27K near the bottom to $77K at the top; this can include more than $12K from bonuses and more than $9K from profit sharing in exceptional cases. Compensation for this group is mainly affected by the particular firm, but geography and experience level are influential factors as well. Slightly more than a fifth of professionals in this line of work do not receive benefits; however, a strong majority report medical coverage and the greater part claim dental coverage as well. For the most part, Inventory Managers enjoy their work and report high levels of job satisfaction. Most people who answered the questionnaire are men; 66 percent of Inventory Managers are male. This overview is based on answers to PayScale's salary questionnaire.
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$32,981 - $82,554
(Median)
$33K
$50K
$83K
MEDIAN: $50,480
10%
50%
90%

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$10.72 - $20.60
(Median)
$11
$15
$21
MEDIAN: $14.00
10%
50%
90%

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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
$32,981 - $82,554  
   
Bonus
$796 - $12,438  
Profit Sharing
$293.61 - $9,192  
Commission
$3,124  
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).
)
$27,013 - $76,726  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 802
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
$10.72 - $20.60  
   
Hourly Tips
$1.07  
Overtime
$15.93 - $30.04  
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
$796 - $12,438  
   
Commission
$3,124  
Profit Sharing
$293.61 - $9,192  
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).
)
$27,013 - $76,726  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 489

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

  • 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


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Inventory Managers who advance into the role of a Supply Chain Manager are fairly uncommon. Supply Chain Managers on average earn $82K per year. Career advancement for the typical Inventory Manager often leads to becoming an Inventory Control Manager or a Purchasing Manager; median salaries in these positions are $2K higher and $5K higher, respectively.

Inventory Control Manager Job Listings

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Popular Employer Salaries for Inventory Manager


With a median salary of $78K, Sears Holdings Corporation offers Inventory Managers the highest pay. However, earnings don't seem to live on a large spectrum; they generally peter out at $67K and are capped at $100K.

Popular Skills for Inventory Manager


Survey results imply that Inventory Managers deploy a substantial tool kit of skills at work. Most notably, skills in Materials Requirement Planning, Purchasing, People Management, and Operations Management are correlated to pay that is above average, with boosts between 5 percent and 14 percent. Skills that seem to negatively impact pay include Organizing, Microsoft Office, 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.


Those in the early stages of their career can expect to make around $37K; however, individuals with five to 10 years of experience bring in $48K on average — a distinctly larger sum. Inventory Managers who work for 10 to 20 years in their occupation tend to earn about $52K. People who have worked for 20 years or more actually report earning less than people who are in the middle of their careers; the veterans take home a mere $50K by contrast.

Pay Difference by Location

National Average: $42,797

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

For Inventory Managers, San Francisco provides a pay rate that is 80 percent greater than the national average. Inventory Managers can also look forward to large paychecks in cities like Charlotte (+80 percent), Los Angeles (+45 percent), Chicago (+36 percent), and Miami (+30 percent). Inventory Managers in San Antonio take home the lowest salaries, earning a whopping 20 percent less than the national average. Employers pay around 11 percent less in Orlando and 6 percent less in Phoenix, below-median salaries for those in this field.

Inventory Manager Reviews

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.

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

Location:
Years in Fields/Career:
United States (change)

Experience Affects Inventory Manager Salaries




National Average
$43,000


Skills That Affect Inventory Manager Salaries




Microsoft Excel
up arrow 4%

Operations Management
up arrow 4%

National Average
$43,000

Order Inventory
up arrow 1%

Inventory Management
up arrow 2%

Inventory Control
up arrow 3%

Shipping
up arrow 3%

Microsoft Office
up arrow 3%

Organizing
up arrow 17%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 198 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

Less than 1 year
3%
1-4 years
40%
5-9 years
25%
10-19 years
22%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 75%
dental benefits
Dental: 61%
medical benefits
Vision: 49%
dental benefits
None: 23%
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