Merchandise Planning Manager Salary

Average pay for a Merchandise Planning Manager in the United States is considerable, rounding six figures at $97K per year. Location and experience level each impact pay for this group, with the former having the largest influence. Most people in this profession are content with their work, and moderate levels of job satisfaction are reported. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to a strong majority. The vast majority of Merchandise Planning Managers (80 percent) who responded to the survey are women. The data in this summary comes from the PayScale salary survey.
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$68,710 - $127,119
$69K
$99K
$130K
MEDIAN: $98,720
10%
50%
90%

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$0$142K
Salary $68,710 - $127,119
Bonus $2,424 - $18,673
Profit Sharing $1,017
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).
)
$69,564 - $142,131
  • Country: United States
  • Currency: USD
  • Updated: 13 Sep 2017
  • Individuals Reporting: 114

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Merchandise Planning Manager

The merchandise planning manager is a position that is often sought after by various companies in the retail industry. Most companies are looking for applicants that have a bachelor's degree. A few employers may be willing to consider applicants with a high school diploma or associate's degree as well. Most employers will require at least four years of experience in the retail industry, although some may require as many as seven years. The merchandise planning manager needs to be familiar with the Microsoft Office suite of products, especially Excel and Word. This is usually an indoor position unless the store the manager works for is outdoors, and the position usually involves quite a bit of walking throughout different departments.

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Merchandise Planning Manager Tasks

  • Make decisions about what merchandise to buy based on past sales and current market trends.
  • Monitor sales levels to identify sales opportunities and predict future sales.
  • Meet financial objectives by deciding when to increase prices or put items on sale.
  • Track the level of inventory compared to the number of sales.

Merchandise Planning Manager Job Listings

Pay by Experience Level for Merchandise Planning Manager

Pay by Experience for a Merchandise Planning Manager has a positive trend. An entry-level Merchandise Planning Manager with less than 5 years of experience can expect to earn an average total compensation of $81,000 based on 25 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Merchandise Planning Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $103,000 based on 56 salaries. An experienced Merchandise Planning Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $108,000 based on 46 salaries. A Merchandise Planning Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $105,000 based on 16 salaries.

Pay Difference by Location

National Average: $103,613

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

Surpassing the national average by 19 percent, Merchandise Planning Managers in San Francisco receive some of the highest pay in the country. Merchandise Planning Managers will also find cushy salaries in Seattle (+11 percent) and New York (+6 percent). With compensation 12 percent below the national average, Boston is not known for hefty paychecks and actually represents the lowest-paying market. Two other places where employers offer below-median salaries are Dallas (9 percent less) and Los Angeles (7 percent less).

Merchandise Planning Manager Advice

Q: What is it like working as a Merchandise Planning Manager?

Merchandise Planning Manager in Thousand Oaks:
"Hard Work Pays Off."
Rule number one: work hard. Never say things that are going to be obvious to most people who have more experience. Rookies who are eager to prove what they know usually just end up sounding dumb.

Related Job Salaries

Key Stats for Merchandise Planning Manager

Gender

Female
80 %
Male
20 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 19 votes.
1-4 years
15%
5-9 years
37%
10-19 years
38%
20 years or more
10%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Merchandise Planning Manager Salaries

▲5%

▲2%

National Average
$104,000

▼1%

Entry-Level
▼22%

Skills That Affect Merchandise Planning Manager Salaries

▲3%



National Average
$104,000

Financial Analysis
▼3%

Data Analysis
▼13%

Merchandising
▼13%

Microsoft Excel
▼24%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 19 votes.

Gender

Female
80 %
Male
20 %

Years of Experience

1-4 years
15%
5-9 years
37%
10-19 years
38%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 81%
vision benefits
Vision: 79%
no benefits
None: 8%
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