Merchandise Planning Manager Salary

Pay for Merchandise Planning Managers in the United States sits in the ballpark of $88K per year. Residence and career duration each impact pay for this group, with the former having the largest influence. Almost all receive medical and dental insurance and a fair number get vision insurance. The majority of Merchandise Planning Managers claim high levels of job satisfaction. More than half of Merchandise Planning Managers (66 percent) survey participants are women. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
Read More
$60,831 - $112,806

Add this chart to your site: 640px    300px

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$50K$100K$150K
Salary
$60,831 - $112,806  
   
Bonus
$679 - $16,385  
Profit Sharing
$1,500 - $9,000  
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).
)
$61,607 - $121,900  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 155
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

Merchandise Planning Manager Tasks

  • 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.
  • 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.

Merchandise Planning Manager Job Listings

Search for more jobs:


Merchandise Planning Managers usually report a few specific skills. Most notably, skills in Inventory Management, Strategic Planning, Financial Analysis, and Forecasting are correlated to pay that is above average, with boosts in pay of 8 percent. Skills that seem to negatively impact pay include Microsoft Excel. Employees educated in Forecasting are typically practiced in Strategic Planning, too.

Pay by Experience Level for Merchandise Planning Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience and pay tend to be weakly linked for Merchandise Planning Managers — those with more experience do not necessarily bring in higher earnings. Relatively untried employees who have less than five years' experience make $85K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $94K. Merchandise Planning Managers claiming one to two decades of experience make an estimated median of $98K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $100K.

Merchandise Planning Manager Advice

What do you wish you knew about your job when you first started out?

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

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Merchandise Planning Manager Salaries

Late-Career
up arrow 6%

Experienced
up arrow 4%

Mid-Career
0%

National Average
$94,000

Entry-Level
up arrow 9%

Skills That Affect Merchandise Planning Manager Salaries

Strategic Planning
up arrow 8%

Inventory Management
up arrow 8%

Financial Analysis
up arrow 7%

Forecasting
up arrow 5%

National Average
$94,000

Microsoft Excel
up arrow 16%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 29 votes.

Gender

Female
66 %
Male
34 %

Years of Experience

1-4 years
8%
5-9 years
43%
10-19 years
38%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 89%
vision benefits Vision: 73% employee benefits None: 5%
ADVERTISEMENT