Sr. Merchandise Planner Salary

Median pay for Senior Merchandise Planners in the United States lies in the neighborhood of $78K annually. Geographic location is the biggest factor affecting pay for this group, followed by career duration. Most workers in this position report high levels of job satisfaction. Most Senior Merchandise Planners survey respondents are women (73 percent). Nearly all report receiving medical coverage from their employers and most collect dental insurance. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$57,429 - $95,431

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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
$57,429 - $95,431  
   
Bonus
$0.00 - $12,218  
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 - $103,717  
Country: United States | Currency: USD | Updated: 18 Jul 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.


The average inexperienced worker's salary is approximately $75K, and people with five to 10 years of experience bring in more at around $82K on average. After working for 10 to 20 years, Senior Merchandise Planners make a median salary of $89K. Survey participants with more than twenty years of experience only make around $82K on average, though; this group reports a lower median than the one claimed by mid-career individuals.

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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 11 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 96% dental benefits Dental: 90%
vision benefits Vision: 82% employee benefits None: 4%
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