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Inventory Manager Salary (United States)

Inventory Managers in the United States pull down an average of $51K per year. Total cash earnings of Inventory Managers range from $27K on the low end to $79K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $10K and $7K, respectively. Geography and career duration each impact pay for this group, with the former having the largest influence. Approximately one in five of professionals in this line of work do not receive benefits; however, a fair portion report medical coverage and more than half claim dental coverage as well. Men account for the majority of Inventory Managers — 62 percent to be exact. Most Inventory Managers like their work and job satisfaction is high. Replies to PayScale's salary questionnaire form the basis for this summary.
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  
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  
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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Inventory Managers who transition into an upper level Business Manager of Logistics role may receive a large increase in pay as the position often pays $61K per year. An Inventory Manager may also move into a role as an Inventory Control Manager or an Purchasing Manager.

Inventory Control Manager Job Listings

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Popular Skills for Inventory Manager

Inventory Managers report using a diverse set of skills on the job. Most notably, skills in Materials Requirement Planning , 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. Skills that are correlated to lower pay, on the other hand, include Order Inventory and Inventory Control. The majority of those who know 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 lot of experience tend to enjoy higher earnings. The average beginner in this position makes around $38K, but folks who have been around for five to 10 years see a markedly higher median salary of $49K. Inventory Managers bring in $56K after working for 10 to 20 years. 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 $60K on average. Most employees in this workforce have between one and nine years of experience; a majority of those surveyed fall within this distribution. Experienced employees who have 10-20 years of experience make up about a fifth of the workforce; inexperienced individuals who have been working for less than one year comprise fewer than one in twenty, and senior people with more than 20 years under their belt fill out the remaining one in ten.

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.
Chicago offers some of the highest pay in the country for Inventory Managers, 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. Compared to the national average, San Antonio Inventory Managers have considerably lower salaries, 27 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Below-median salaries also turn up in Portland and Seattle (16 percent lower and 13 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.

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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%