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Merchandise Planning Manager Salary

Merchandise Planning Managers in the United States can expect wages of $87K per year on average. Geography and experience level each impact pay for this group, with the former having the largest influence. Medical and dental coverage is claimed by almost all, and a fair number earn vision coverage. The majority of Merchandise Planning Managers claim high levels of job satisfaction. The majority of Merchandise Planning Managers (67 percent) who took the survey are women. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$61,254 - $112,042
(Median)
$61K
$87K
$110K
MEDIAN: $87,204
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
$61,254 - $112,042  
   
Bonus
$507 - $16,589  
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).
)
$61,051 - $121,777  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 147

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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

  • 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 seem to require a number of specific skills. Most notably, skills in Inventory Management, Financial Analysis, Strategic Planning, and Forecasting are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Excel. Many workers who know Forecasting also know 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, 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 beginner in this position makes around $85K, but folks who have been around for five to 10 years see a markedly higher median salary of $93K. Merchandise Planning Managers bring in $97K after working for 10 to 20 years. Veterans who boast more than two decades of experience make around $105K on average — an ample six-figure paycheck.

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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United States (change)

Experience Affects Merchandise Planning Manager Salaries

Late-Career
up arrow 12%

Experienced
up arrow 4%

National Average
$93,000

Mid-Career
up arrow 1%

Entry-Level
up arrow 9%

Skills That Affect Merchandise Planning Manager Salaries

Inventory Management
up arrow 15%

Strategic Planning
up arrow 3%

Financial Analysis
up arrow 3%

Forecasting
up arrow 2%

National Average
$93,000

Microsoft Excel
up arrow 16%

Job Satisfaction

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

Gender

Female
67 %
Male
33 %

Years of Experience

1-4 years
8%
5-9 years
45%
10-19 years
39%
20 years or more
9%

Common Health Benefits

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