Sr. Merchandise Planner Salary

Average Senior Merchandise Planners in the United States make around $83K annually. Residence is the biggest factor affecting pay for this group, followed by years of experience. Female Senior Merchandise Planners make up most of the survey respondents at 71 percent. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. The majority of Senior Merchandise Planners claim high levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$51,278 - $108,245
$51K
$78K
$110K
MEDIAN: $78,262
10%
50%
90%

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$0$112K
Salary $51,278 - $108,245
Bonus $-0.49 - $14,822
Profit Sharing $4,805
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).
)
$50,684 - $112,847
  • Country: United States
  • Currency: USD
  • Updated: 17 Oct 2017
  • Individuals Reporting: 58

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

  • Create and implement financial plans for sales, inventory, profit margin, and returns.
  • Develop markdown and sales strategies based on analytics.
  • 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.

Sr. Merchandise Planner Job Listings

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
72 %
Male
28 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 10 votes.
1-4 years
31%
5-9 years
39%
10-19 years
20%
20 years or more
10%

Experience Affects Sr. Merchandise Planner Salaries

▲6%

Experienced
▲6%

Late-Career
▲1%

National Average
$84,000

Entry-Level
▼7%

Skills That Affect Sr. Merchandise Planner Salaries

National Average
$84,000

Forecasting
▼4%

Data Analysis
▼5%

Inventory Management
▼8%

Microsoft Excel
▼17%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 10 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

1-4 years
31%
5-9 years
39%
10-19 years
20%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 78%
vision benefits
Vision: 67%
no benefits
None: 8%