Sr. Merchandise Planner Salary

Senior Merchandise Planners in the United States can expect to earn an average of $84K per year. Location and years of experience each impact pay for this group, with the former having the largest influence. Female Senior Merchandise Planners make up most of the survey respondents at 70 percent. The majority of workers are highly satisfied with their job. Medical benefits are awarded to a large number, and a fair number earn dental coverage. The numbers in this rundown were provided by PayScale's salary survey participants.
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$53,107 - $109,579
$53K
$84K
$110K
MEDIAN: $84,269
10%
50%
90%

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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
$53,107 - $109,579  
   
Bonus
$0.00 - $15,456  
Profit Sharing
$3,610  
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).
)
$52,799 - $121,737  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 62

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United States (change)

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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

Pay by Experience for a Sr. Merchandise Planner has a positive trend. An entry-level Sr. Merchandise Planner with less than 5 years of experience can expect to earn an average total compensation of $78,000 based on 21 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Sr. Merchandise Planner with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $89,000 based on 29 salaries. An experienced Sr. Merchandise Planner which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $89,000 based on 20 salaries. A Sr. Merchandise Planner with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $85,000 based on 11 salaries.

Related Job Salaries

Key Stats for Sr. Merchandise Planner

Gender

Female
70 %
Male
30 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 8 votes.
1-4 years
29%
5-9 years
34%
10-19 years
23%
20 years or more
14%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Sr. Merchandise Planner Salaries

▲5%

Experienced
▲5%

Late-Career
▼0%

National Average
$85,000

Entry-Level
▼8%

Skills That Affect Sr. Merchandise Planner Salaries

National Average
$85,000

Forecasting
▼4%

Data Analysis
▼6%

Inventory Management
▼9%

Microsoft Excel
▼17%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 8 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

1-4 years
29%
5-9 years
34%
10-19 years
23%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 78%
vision benefits
Vision: 69%
no benefits
None: 8%
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