$69,772
Avg. Salary
$18.76
Avg. Hourly Rate

Average additional compensation:

$5,090

Bonus

$3,000

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Merchandise Planner is $18.76 per hour.

The average pay for a Merchandise Planner is $69,772 per year.

10%
$12.77
10%
$18.76
50%
$25.00
90%
90%
MEDIAN $18.76
10%
$48k
10%
$70k
50%
$96k
90%
90%
MEDIAN $69,772
$48,303 - $95,718
$48K
$70K
$96K
MEDIAN: $69,772
10%
50%
90%

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$12.77 - $25.00
$13
$19
$25
MEDIAN: $18.76
10%
50%
90%

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$0$100K
Salary $48,303 - $95,718
Bonus $1,001 - $12,726
Profit Sharing $0.00 - $9,729
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).
)
$44,415 - $100,805
  • Country: United States
  • Currency: USD
  • Updated: 18 Mar 2019
  • Individuals Reporting: 623
Hourly Data $0$53
Hourly Rate $12.77 - $25.00
Overtime $14.80 - $53.26
Annual Data $0$100K
Bonus $1,001 - $12,726
Profit Sharing $0.00 - $9,729
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).
)
$44,415 - $100,805
  • Country: United States
  • Currency: USD
  • Updated: 18 Mar 2019
  • Individuals Reporting: 41

Job Description

Merchandise planners are in charge of developing effective merchandise strategies for their company. They are responsible for creating sound financial plans that reduce company spending, and increase overall profit. They review forecasts, use past performance to make projections, make recommendations for promotional markdowns, and manage inventory to maximize profitability. Additionally, merchandise planners research market trends to increase create more attractive offerings.

Read More...
Merchandise Planner Tasks
  • Decide what merchandise to buy based on past sales and market trend forecasts.
  • Suggest strategies for promotion and pricing based on current sales trends.
  • Track the level of inventory compared to the number of sales, working to quickly turn around products.
  • Generate short and long term merchandising plan to meet company financial objectives.

Popular Employer Salaries

$0$132K

$57,236

The Gap Inc.
10 profiles
$82,723

Macy's, Inc.
10 profiles
$57,990

Common Career Paths


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Merchandise Planners might see a strong upturn in salary after transitioning into upper-level roles such as Merchandise Planning Manager, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $94K per year.

Job Listings

Popular Skills


Survey results suggest that Merchandise Planners put a wide range of professional skills to use. Most notably, skills in Strategic Planning, Financial Analysis, Forecasting, and Data Analysis are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Merchandising and Microsoft Excel. Most people familiar with Data Analysis also know Strategic Planning.

Pay by Experience Level

Pay by Experience for a Merchandise Planner has a positive trend. An entry-level Merchandise Planner with less than 5 years of experience can expect to earn an average total compensation of $63,000 based on 229 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A 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 $73,000 based on 124 salaries. An experienced Merchandise Planner which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $82,000 based on 65 salaries. A 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 $98,000 based on 18 salaries.

Pay Difference by Location

National Average: $70,236

Larger city markers indicate a job is popular in that location.

For Merchandise Planners, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Merchandise Planners can also look forward to large paychecks in cities like Milwaukee (+18 percent), New York (+14 percent), Los Angeles (+10 percent), and Seattle (+10 percent). Merchandise Planners in Pittsburgh take home the lowest salaries, earning a whopping 25 percent less than the national average. Two other places where employers offer below-median salaries are Charlotte (16 percent less) and Atlanta (12 percent less).

Job Reviews

Q: What is it like working as a Merchandise Planner?

Merchandise Planner in San Francisco:
"Casual and innovatie."
Pros: I love being around innvoation and the casual work environment. I wear jeans to work and start at 10 am.
Cons: The public transportation isn't as great.

Merchandise Planner in New York:
"Commute will always suck."
Pros: The hustle and bustle. Always something to do.
Cons: Commuting and the vast amount of people everywhere.

Merchandise Planner in Minneapolis:
"Great opportunities and heavy responsibility."
Pros: The exposure and responsibilities I have.
Cons: My compensation is below average.

Merchandise Planner in Los Angeles:
Pros: Being able to make recommendations, execute, and see your decisions directly impact business.
Cons: The industry and culture can be a harsh environment to learn and accept innovative solutions.

Related Job Salaries

Gender

Female
71 %
Male
29 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 105 votes.
Less than 1 year
5%
1-4 years
43%
5-9 years
30%
10-19 years
16%
20 years or more
5%

How Experience Affects Salaries

▲39%

▲17%

▲4%

National Average
$70,000

▼11%

How Skills Affect Salaries



▼0%

National Average
$70,000

Data Analysis
▼3%


Inventory Management
▼4%

Merchandising
▼9%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 105 votes.

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
5%
1-4 years
43%
5-9 years
30%
10-19 years
16%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 83%
vision benefits
Vision: 77%
no benefits
None: 9%