Inventory Manager Salary

Inventory Managers in the United States can expect wages of $51K per year on average. With some bonuses approaching $10K and certain profit sharing proceeds approaching $7K, overall incomes of Inventory Managers spread between $27K and $79K depending on individual performance. Geographic location and years of experience each impact pay for this group, with the former having the largest influence. Most workers in this position report high levels of job satisfaction. While some workers in this profession — around one in five — do not have any health coverage, a fair number do receive medical benefits and the larger part have dental insurance. Most people who answered the questionnaire are men; 66 percent of Inventory Managers are male. This snapshot results from replies to PayScale's salary survey.
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$32,107 - $80,298
(Median)
$32K
$51K
$80K
MEDIAN: $50,520
10%
50%
90%

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$10.11 - $20.39
(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
$32,107 - $80,298  
   
Bonus
$0.00 - $9,836  
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).
)
$26,958 - $79,081  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 984
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
$10.11 - $20.39  
   
Overtime
$14.85 - $31.02  
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 - $9,836  
   
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).
)
$26,958 - $79,081  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 441
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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.

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Popular Skills for Inventory Manager


Survey results imply that Inventory Managers put a diverse skill set to use. Most notably, skills in Materials Requirement Planning, Operations Management, People Management, and Microsoft Excel are correlated to pay that is above average. Skills that pay less than market rate include 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.


Inventory Managers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Salaries for the relatively untried average out to around $38K, but survey participants with five to 10 years of experience earn a significantly higher median of $49K. Inventory Managers with one to two decades of relevant experience report an average salary of approximately $53K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $56K on average.

Pay Difference by Location


For Inventory Managers, working in the bustling city of Columbus has its advantages, including an above-average pay rate. Inventory Managers will also find cushy salaries in Dallas (+37 percent), Cleveland (+34 percent), New York (+28 percent), and Houston (+28 percent). With compensation 11 percent below the national average, Seattle is not known for hefty paychecks and actually represents the lowest-paying market. Employers also pay below the national average in Portland (9 percent lower) and Phoenix (6 percent lower).

Inventory Manager Reviews

What is it like working as an Inventory Manager?

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

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Experience Affects Inventory Manager Salaries




National Average
$44,000


Skills That Affect Inventory Manager Salaries


Operations Management
up arrow 6%

People Management
up arrow 3%

Microsoft Excel
up arrow 1%

Purchasing
0%

National Average
$44,000

Inventory Management
up arrow 1%



Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 274 votes.

Gender

Female
34 %
Male
66 %

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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