Sr. Merchandise Planner Salary

Median pay for Senior Merchandise Planners in the United States is around $78K per year. Residence and career length each impact pay for this group, with the former having the largest influence. Men are in the minority of survey respondents, with female Senior Merchandise Planners making up 75 percent. Medical benefits are awarded to almost all, and a large number earn dental coverage. For the most part, Senior Merchandise Planners enjoy their work and report high levels of job satisfaction. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$57,429 - $96,008
(Median)
$57K
$78K
$96K
MEDIAN: $78,178
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
$57,429 - $96,008  
   
Bonus
$0.00 - $12,164  
Profit Sharing
$500 - $2,144  
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).
)
$58,823 - $105,014  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | 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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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 fewer than five years of experience earn around $75K on average. People who have worked for five to 10 years can expect a higher median salary of $82K. On average, Senior Merchandise Planners make $90K following one to two decades on the job. Folks with more than two decades of experience actually report lower incomes overall; their average comes out to a mere $82K.

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Experience Affects Sr. Merchandise Planner Salaries

Experienced
up arrow 10%

Mid-Career
0%

Late-Career
0%

National Average
$82,000

Entry-Level
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.

Gender

Female
75 %
Male
25 %

Years of Experience

1-4 years
19%
5-9 years
46%
10-19 years
21%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 96% dental benefits Dental: 89%
vision benefits Vision: 81% employee benefits None: 4%
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