Sr. Merchandise Planner Salary

Median pay for Senior Merchandise Planners in the United States is around $80K per year. Geographic location and tenure each impact pay for this group, with the former having the largest influence. Most Senior Merchandise Planners survey respondents are women (73 percent). Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to most. The majority of Senior Merchandise Planners claim high levels of job satisfaction. This report is based on responses to the PayScale salary survey.
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$56,806 - $101,418
(Median)
$57K
$80K
$100K
MEDIAN: $79,976
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
$56,806 - $101,418  
   
Bonus
$0.00 - $14,983  
Profit Sharing
$1,788  
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).
)
$58,796 - $111,010  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 111
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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.

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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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Job skills reported by Senior Merchandise Planners are limited. Those who have experience with Data Analysis, Forecasting, and Microsoft Excel can expect to be compensated well for these skills. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel, Forecasting, and Data Analysis.

Pay by Experience Level for Sr. Merchandise Planner

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


Those in the early stages of their career can expect to make around $71K; however, individuals with five to 10 years of experience bring in $84K on average — a distinctly larger sum. Senior Merchandise Planners with one to two decades of relevant experience report an average salary of approximately $94K. Folks with more than two decades of experience actually report lower incomes overall; their average comes out to a mere $83K.

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Experience Affects Sr. Merchandise Planner Salaries

Experienced
up arrow 13%

Mid-Career
up arrow 1%

National Average
$83,000

Late-Career
up arrow 1%

Entry-Level
up arrow 14%

Skills That Affect Sr. Merchandise Planner Salaries

National Average
$83,000

Data Analysis
up arrow 4%

Forecasting
up arrow 5%

Microsoft Excel
up arrow 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 9 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

1-4 years
22%
5-9 years
42%
10-19 years
21%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 90%
medical benefits
Vision: 82%
dental benefits
None: 5%
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