Merchandise Planning Manager Salary

Merchandise Planning Managers in the United States can expect to earn a very generous salary, with average salaries (in the ballpark of $98K) surpassing six figures annually. Geographic location is the biggest factor affecting pay for this group, followed by career duration. The majority of individuals in this role claim moderate levels of job satisfaction. The vast majority of Merchandise Planning Managers (81 percent) who participated in the survey are women. Nearly all enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a fair number. The numbers in this rundown were provided by PayScale's salary survey participants.
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$67,959 - $126,126
$68K
$98K
$130K
MEDIAN: $97,777
10%
50%
90%

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$0$138K
Salary $67,959 - $126,126
Bonus $1,987 - $18,953
Profit Sharing $983
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).
)
$69,751 - $138,335
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 106

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United States (change)

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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: $102,929

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

With a pay rate for Merchandise Planning Managers that is 18 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Merchandise Planning Managers will also find cushy salaries in Seattle (+9 percent) and New York (+5 percent). Falling short of the national average by 13 percent, the area with the worst salaries is Boston. Dallas and Los Angeles are a couple other places where companies are known to pay below the median — salaries are 10 percent lower and 8 percent lower, respectively.

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
81 %
Male
19 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 15 votes.
1-4 years
17%
5-9 years
31%
10-19 years
42%
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%

▼0%

National Average
$103,000

Entry-Level
▼21%

Skills That Affect Merchandise Planning Manager Salaries

▲4%



National Average
$103,000

Financial Analysis
▼3%

Data Analysis
▼12%

Merchandising
▼13%

Microsoft Excel
▼24%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 15 votes.

Gender

Female
81 %
Male
19 %

Years of Experience

1-4 years
17%
5-9 years
31%
10-19 years
42%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 78%
vision benefits
Vision: 77%
no benefits
None: 7%
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