Senior Merchandise Planners in the United States take home approximately $82K annually on average. Geographic location is the biggest factor affecting pay for this group, followed by career length. Most report receiving medical coverage from their employers and a large number collect dental insurance. Most workers in this position report high levels of job satisfaction. Senior Merchandise Planners who responded to the questionnaire are largely women, dominating at 83 percent. The information for this snapshot was generated by responses to the PayScale salary survey.
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$53,528 - $109,399
$54K
$82K
$110K
MEDIAN: $82,488
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
$53,528 - $109,399  
   
Bonus
$0.00 - $19,653  
Profit Sharing
$3,305  
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).
)
$59,173 - $122,209  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 63

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United States (change)

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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

  • Create and implement financial plans for sales, inventory, profit margin, and returns.
  • Develop markdown and sales strategies based on analytics.
  • 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.

Sr. Merchandise Planner Job Listings

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Pay by Experience Level for Sr. Merchandise Planner

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


Relatively untried employees who have less than five years' experience make $77K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $91K. Senior Merchandise Planners bring in $92K after working for 10 to 20 years. Respondents who boast more than two decades on the job don't boast commensurate pay, unfortunately; these veterans see average earnings of only $85K.

Related Job Salaries

Key Stats for Sr. Merchandise Planner

Gender

Female
83 %
Male
17 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 7 votes.
1-4 years
28%
5-9 years
30%
10-19 years
25%
20 years or more
17%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Sr. Merchandise Planner Salaries

Experienced
up arrow 8%

Mid-Career
up arrow 6%

Late-Career
0%

National Average
$85,000

Entry-Level
up arrow 9%

Skills That Affect Sr. Merchandise Planner Salaries

National Average
$85,000

Forecasting
up arrow 3%

Data Analysis
up arrow 5%

Inventory Management
up arrow 10%

Microsoft Excel
up arrow 16%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 7 votes.

Gender

Female
83 %
Male
17 %

Years of Experience

1-4 years
28%
5-9 years
30%
10-19 years
25%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 83%
vision benefits
Vision: 79%
dental benefits
None: 6%
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