Merchandise Planning Manager Salary

Median pay for Merchandise Planning Managers in the United States lies in the neighborhood of $90K per year. Geography and career length each impact pay for this group, with the former having the largest influence. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Women account for the majority of Merchandise Planning Managers who responded to the questionnaire — 67 percent to be exact. Job satisfaction for Merchandise Planning Managers is high. This snapshot results from replies to PayScale's 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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Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Forecasting, Strategic Planning, Financial Analysis, and Inventory Management are correlated to pay that is above average, with boosts between 5 percent and 10 percent. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel and Merchandising. Experience with Forecasting is often linked with knowledge of Strategic Planning.

Pay by Experience Level for Merchandise Planning Manager

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


Merchandise Planning Managers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Those in the early stages of their career can expect to make around $82K; however, individuals with five to 10 years of experience bring in $96K on average — a distinctly larger sum. Those with 10 to 20 years of experience under their belts can expect their paychecks to flourish around the six-figure median of $102K. 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 $104K.

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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