Merchandise Planning Manager Salary

Salaries for Merchandise Planning Managers in the United States are generous, with average pay above six figures ($95K) per year. Geographic location and career duration each impact pay for this group, with the former having the largest influence. Work is reasonably fulfilling for most Merchandise Planning Managers — the majority report average levels of job satisfaction. Medical benefits are awarded to almost all, and a large number earn dental coverage. Female Merchandise Planning Managers make up most of the survey respondents at 75 percent. This report is based on answers to PayScale's salary questionnaire.
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$65,933 - $121,585
$66K
$95K
$120K
MEDIAN: $94,999
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
$65,933 - $121,585  
   
Bonus
$2,013 - $15,205  
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).
)
$68,152 - $131,276  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 114

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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

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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.


Salaries of relatively inexperienced workers fall in the neighborhood of $84K, but folks who have racked up five to 10 years see a notably higher median of $102K. The average pay reported by folks with 10 to 20 years of experience is around $109K. Folks with more than two decades of experience actually report lower incomes overall; their average comes out to a mere $102K.

Pay Difference by Location

National Average: $100,836

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

With a pay rate for Merchandise Planning Managers that is 21 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 (+12 percent) and New York (+8 percent). Boston is the lowest-paying area, 12 percent south of the national average. Workers in Dallas and Los Angeles earn salaries that trail the national average for those in this profession (7 percent less and 6 percent less, 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
75 %
Male
25 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 11 votes.
1-4 years
14%
5-9 years
33%
10-19 years
41%
20 years or more
13%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Merchandise Planning Manager Salaries

▲8%

▲1%

Late-Career
▲1%

National Average
$101,000

Entry-Level
▼17%

Skills That Affect Merchandise Planning Manager Salaries

▲5%


Inventory Management
▲1%

National Average
$101,000

Financial Analysis
▼1%

Merchandising
▼11%

Data Analysis
▼13%

Microsoft Excel
▼22%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 11 votes.

Gender

Female
75 %
Male
25 %

Years of Experience

1-4 years
14%
5-9 years
33%
10-19 years
41%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 85%
vision benefits
Vision: 78%
dental benefits
None: 6%
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