Avg. Base Salary (USD)
The average salary for an Inventory Manager is $58,793 in 2023
What is the Pay by Experience Level for Inventory Managers?
An entry-level Inventory Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $52,967 based on 24 salaries. An early career Inventory Manager with 1-4 years of experience earns an average total compensation of $52,172 based on 543 salaries. A …Read more
What Do Inventory Managers Do?
An inventory manager controls the inventory of materials or goods for a company. This includes keeping accurate account of all inventory on hand, as well as ordering additional inventory to meet the needs of the business. The inventory manager decides whether a product needs to have additional stock in the warehouse or if it can be ordered on an as-needed basis. The inventory manager is also responsible for hiring and managing inventory clerks to assist them.
The position of inventory manager …Read more
FAQs About Inventory Managers
What is the highest pay for Inventory Managers?
Our data indicates that the highest pay for an Inventory Manager is $86k / year
What is the lowest pay for Inventory Managers?
Our data indicates that the lowest pay for an Inventory Manager is $40k / year
How can Inventory Managers increase their salary?
Increasing your pay as an Inventory Manager is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are an Inventory Manager that oversees more junior Inventory Managers, this experience can increase the likelihood to earn more.