Average Senior Merchandise Planners in the United States make around $81K per year. Location and experience level each impact pay for this group, with the former having the largest influence. Senior Merchandise Planners who responded to the questionnaire are largely women, dominating at 81 percent. A large number enjoy medical while most get dental coverage. Vision coverage is also available to a fair number. For the most part, Senior Merchandise Planners enjoy their work and report high levels of job satisfaction. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$57,290 - $108,704
(Median)
$57K
$81K
$110K
MEDIAN: $81,164
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
$57,290 - $108,704  
   
Bonus
$0.00 - $20,203  
Profit Sharing
$3,305  
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).
)
$59,342 - $120,257  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 67
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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.


Relatively untried employees who have less than five years' experience make $78K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $90K. Senior Merchandise Planners with one to two decades of relevant experience report an average salary of approximately $92K. Folks with more than two decades of experience actually report lower incomes overall; their average comes out to a mere $85K.

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Experience Affects Sr. Merchandise Planner Salaries

Experienced
up arrow 7%

Mid-Career
up arrow 5%

National Average
$86,000

Late-Career
up arrow 1%

Entry-Level
up arrow 9%

Skills That Affect Sr. Merchandise Planner Salaries

National Average
$86,000

Forecasting
up arrow 5%

Data Analysis
up arrow 7%

Inventory Management
up arrow 10%

Microsoft Excel
up arrow 17%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 7 votes.

Gender

Female
81 %
Male
19 %

Years of Experience

1-4 years
28%
5-9 years
32%
10-19 years
24%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 84%
medical benefits
Vision: 78%
dental benefits
None: 6%
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