Merchandise Planning Manager Salary

Average Merchandise Planning Managers in the United States make around $87K annually. Geography is the biggest factor affecting pay for this group, followed by tenure. Female Merchandise Planning Managers are more common than men among those who completed the survey; more than half (66 percent) are women. Job satisfaction is high and work is enjoyable for most Merchandise Planning Managers. Medical and dental coverage is claimed by nearly all, and a strong majority earn vision coverage. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$61,572 - $112,290
(Median)
$62K
$87K
$110K
MEDIAN: $87,098
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$61,572 - $112,290  
   
Bonus
$494.93 - $17,540  
Profit Sharing
$1,474 - $9,156  
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).
)
$61,436 - $121,648  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 140

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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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Survey takers who work as 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 between 3 percent and 15 percent. At the other end of the pay range are skills like Microsoft Excel. Competency in Forecasting frequently indicates 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 do not generally earn higher incomes from more experience in the field. Survey participants with less than five years' experience pocket $84K on average, but those with five to 10 years of experience enjoy a much bigger median of $93K. After working for 10 to 20 years, Merchandise Planning Managers make a median salary of $97K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $100K on average.

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)

Experience Affects Merchandise Planning Manager Salaries

Late-Career
up arrow 7%

Experienced
up arrow 4%

Mid-Career
0%

National Average
$94,000

Entry-Level
up arrow 10%

Skills That Affect Merchandise Planning Manager Salaries

Inventory Management
up arrow 15%

Strategic Planning
up arrow 4%

Financial Analysis
up arrow 3%

Forecasting
up arrow 2%

National Average
$94,000

Microsoft Excel
up arrow 16%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 33 votes.

Gender

Female
66 %
Male
34 %

Years of Experience

1-4 years
8%
5-9 years
44%
10-19 years
40%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 89%
vision benefits Vision: 71% employee benefits None: 5%