Sr. Merchandise Planner Salary

Senior Merchandise Planners in the United States can expect to earn an average of $78K per year. Residence and experience level each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to almost all, and a large number earn dental coverage. Men are in the minority of survey respondents, with female Senior Merchandise Planners making up 70 percent. Job satisfaction is high and work is enjoyable for most Senior Merchandise Planners. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$57,359 - $96,086
(Median)
$57K
$78K
$96K
MEDIAN: $78,314
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
$57,359 - $96,086  
   
Bonus
$1,007 - $12,147  
Profit Sharing
$972 - $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).
)
$58,893 - $105,102  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 110

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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.

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Related Job Salaries

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Experience Affects Sr. Merchandise Planner Salaries

Experienced
up arrow 6%

National Average
$83,000

Mid-Career
up arrow 1%

Entry-Level
up arrow 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 14 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

1-4 years
17%
5-9 years
50%
10-19 years
23%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 88%
vision benefits Vision: 80% employee benefits None: 7%