Sr. Merchandise Planner Salary

Senior Merchandise Planners in the United States can expect wages of $78K per year on average. Geographic location and years of experience each impact pay for this group, with the former having the largest influence. Almost all enjoy medical while nearly all get dental coverage. Vision coverage is also available to a large number. Female Senior Merchandise Planners make up most of the survey respondents at 73 percent. The majority of workers are highly satisfied with their job. This report is based on responses to the PayScale salary survey.
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$56,362 - $97,251

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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.
$56,362 - $97,251  
$0.00 - $12,392  
Profit Sharing
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).
$58,486 - $105,120  
Country: United States | Currency: USD | Updated: 20 Sep 2015 | Individuals Reporting: 115
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Job Description for Sr. Merchandise Planner

Senior merchandise planner positions are commonly available at retail stores, especially larger stores with large product volume. Many open positions do not require a specific educational background, although some do require or prefer a bachelor’s degree; at least three to five years of experience as an associate buyer, merchandise planner, or in some form of inventory control is needed as well. In addition, many companies require proficiency with basic computer programs, strong analytical and organizational skills, and excellent communication skills.


Sr. Merchandise Planner Tasks

  • Analyze sales, returns, and inventory to identify financial strategies and provide reports and metrics.
  • Plan merchandise display and promotions from pre-season through every season, including pricing decisions.
  • Create and implement financial plans for sales, inventory, profit margin, and returns.
  • Develop markdown and sales strategies based on analytics.

Sr. Merchandise Planner Job Listings

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Senior Merchandise Planners report a focused set of job skills. Those who have experience with Data Analysis, Forecasting, and Microsoft Excel can expect to be compensated well for these skills. At the other end of the pay range are skills like Microsoft Excel and Forecasting.

Pay by Experience Level for Sr. Merchandise Planner

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

Respondents with less than five years' experience take home $74K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $82K. After working for 10 to 20 years, Senior Merchandise Planners make a median salary of $91K. People who have worked for 20 years or more actually report earning less than people who are in the middle of their careers; the veterans take home a mere $81K by contrast.

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Experience Affects Sr. Merchandise Planner Salaries

up arrow 11%

up arrow 1%

National Average

up arrow 1%

up arrow 9%

Skills That Affect Sr. Merchandise Planner Salaries

National Average

Data Analysis
up arrow 1%

up arrow 10%

Microsoft Excel
up arrow 16%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 10 votes.


73 %
27 %

Years of Experience

1-4 years
5-9 years
10-19 years
20 years or more

Common Health Benefits

medical benefits Medical: 96% dental benefits Dental: 90%
vision benefits Vision: 83% employee benefits None: 4%