Merchandise Planning Manager Salary

Merchandise Planning Managers in the United States take home an average $87K annually. Location is the biggest factor affecting pay for this group, followed by career duration. Most Merchandise Planning Managers like their work and job satisfaction is high. In this profession, nearly all enjoy medical and dental coverage, and a strong majority have vision insurance, as well. More than half of Merchandise Planning Managers (67 percent) survey participants are women. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$60,889 - $112,745
(Median)
$61K
$87K
$110K
MEDIAN: $87,431
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
$60,889 - $112,745  
   
Bonus
$679 - $16,385  
Profit Sharing
$1,500 - $9,000  
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).
)
$60,924 - $121,771  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 156
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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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Merchandise Planning Managers typically list a handful of skills they use on the job. Most notably, skills in Inventory Management, Strategic Planning, Forecasting, and Financial Analysis are correlated to pay that is above average, with boosts between 4 percent and 10 percent. Skills that pay less than market rate include Microsoft Excel. 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.


For Merchandise Planning Managers, experience does not seem to be a major factor in determining pay. Salaries for the relatively untried average out to around $85K, but survey participants with five to 10 years of experience earn a significantly higher median of $93K. The average pay reported by folks with 10 to 20 years of experience is around $98K. 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.

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Experience Affects Merchandise Planning Manager Salaries

Late-Career
up arrow 7%

Experienced
up arrow 4%

Mid-Career
0%

National Average
$93,000

Entry-Level
up arrow 9%

Skills That Affect Merchandise Planning Manager Salaries

Inventory Management
up arrow 10%

Strategic Planning
up arrow 6%

Forecasting
up arrow 4%

Financial Analysis
up arrow 3%

National Average
$93,000

Microsoft Excel
up arrow 16%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 31 votes.

Gender

Female
67 %
Male
33 %

Years of Experience

1-4 years
9%
5-9 years
42%
10-19 years
39%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 90%
vision benefits Vision: 72% employee benefits None: 5%
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