Sr. Merchandise Planner Salary

For Senior Merchandise Planners, yearly average wages total $80K annually. Location is the biggest factor affecting pay for this group, followed by career duration. Men are in the minority of survey respondents, with female Senior Merchandise Planners making up 73 percent. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a large number. Job satisfaction for Senior Merchandise Planners is high. This report is based on responses to the PayScale salary survey.
Read More
$56,806 - $101,418
(Median)
$57K
$80K
$100K
MEDIAN: $79,976
10%
50%
90%

Add this chart to your site: 640px    300px

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
$56,806 - $101,418  
   
Bonus
$0.00 - $14,983  
Profit Sharing
$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).
)
$58,796 - $111,010  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 111
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

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

Search for more jobs:


Just a handful of professional skills are reported by Senior Merchandise Planners who took the survey. Those who have experience with Data Analysis, Forecasting, and Microsoft Excel can expect to be compensated well for these skills. Skills that seem to negatively impact pay include Microsoft Excel, Forecasting, and Data Analysis.

Pay by Experience Level for Sr. Merchandise Planner

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


Those in the early stages of their career can expect to make around $71K; however, individuals with five to 10 years of experience bring in $84K on average — a distinctly larger sum. The average pay reported by folks with 10 to 20 years of experience is around $94K. Senior Merchandise Planners who have racked up more than two decades of experience report lower incomes overall; the average sum for this crowd comes out to only $83K.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Sr. Merchandise Planner Salaries

Experienced
up arrow 13%

Mid-Career
up arrow 1%

National Average
$83,000

Late-Career
up arrow 1%

Entry-Level
up arrow 14%

Skills That Affect Sr. Merchandise Planner Salaries

National Average
$83,000

Data Analysis
up arrow 4%

Forecasting
up arrow 5%

Microsoft Excel
up arrow 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 9 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

1-4 years
22%
5-9 years
42%
10-19 years
21%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 90%
medical benefits
Vision: 82%
dental benefits
None: 5%
ADVERTISEMENT