Sr. Merchandise Planner Salary

The average Senior Merchandise Planner in the United States earns approximately $78K annually. Geographic location is the biggest factor affecting pay for this group, followed by career length. Medical benefits are awarded to nearly all, and most earn dental coverage. Female Senior Merchandise Planners make up most of the survey respondents at 73 percent. Most workers in this position report high levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$57,504 - $95,928
(Median)
$58K
$78K
$96K
MEDIAN: $78,292
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
$57,504 - $95,928  
   
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).
)
$58,874 - $104,928  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 112
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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.


Salaries for inexperienced workers average out to $82K, and those with five to 10 years' experience earn a higher median of $76K. The average pay reported by folks with 10 to 20 years of experience is around $90K. Folks who claim more than 20 years of relevant experience actually report a comparatively lower median income of $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 7%

Job Satisfaction

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

Gender

Female
73 %
Male
27 %

Years of Experience

1-4 years
20%
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: 82% employee benefits None: 4%
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