Merchandise Planning Manager Salary

Merchandise Planning Managers in the United States pull down an average of $90K annually. Geographic location is the biggest factor affecting pay for this group, followed by years of experience. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. The majority of Merchandise Planning Managers (67 percent) who took the survey are female. Most Merchandise Planning Managers like their work and job satisfaction is high. The information for this snapshot was generated by responses to the PayScale salary survey.
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$60,414 - $114,674
(Median)
$60K
$90K
$110K
MEDIAN: $90,061
10%
50%
90%

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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
$60,414 - $114,674  
   
Bonus
$985 - $15,882  
Profit Sharing
$3,000  
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).
)
$60,095 - $122,857  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 174
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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

  • 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

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Pay by Experience Level for Merchandise Planning Manager

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


For Merchandise Planning Managers, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. The average worker who claims fewer than five years of experience earns around $82K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $96K. After one to two decades on the job, professionals can reap plentiful salaries that average out to the six-figure sum of $102K. More than 20 years of experience mean a somewhat bigger median paycheck of $104K, but it's not much more than what less experienced people make.

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.

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Experience Affects Merchandise Planning Manager Salaries

Late-Career
up arrow 8%

Experienced
up arrow 7%

Mid-Career
0%

National Average
$96,000

Entry-Level
up arrow 14%

Skills That Affect Merchandise Planning Manager Salaries


Strategic Planning
up arrow 9%

Financial Analysis
up arrow 5%

Inventory Management
up arrow 4%

National Average
$96,000

Merchandising
up arrow 6%

Microsoft Excel
up arrow 18%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 27 votes.

Gender

Female
67 %
Male
33 %

Years of Experience

1-4 years
11%
5-9 years
41%
10-19 years
37%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 86%
medical benefits
Vision: 73%
dental benefits
None: 6%
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