What is an Allocation Analyst

The primary job of an allocation analyst is to provide analytical services to optimize the supply chain operations of a company. He/She allocates merchandise to stores at the appropriate levels within the right time frame. He/She manages product inventory levels by evaluating factors like store volume groups, regional differences, and product category differences. This is to set store inventory targets that achieve optimum store sales and gross margin. Also, he/she creates and executes an allocation strategy that supports the delivery of the team's financial goals.

To become an allocation analyst, you need either a bachelor's or an associate's degree in business, economics, or a related field. Candidates must have at least two years of experience in a similar role. The skillset includes analytical, organization, and communication skills. You must be proficient in Microsoft Office. Allocation analysts make an average salary of $82,067 annually or $39.46 per hour. This ranges from $59,000 to $113,000.

There is more than meets the eye when it comes to being an Allocation Analyst. For example, did you know that they make an average of $34.94 an hour? That's $72,683 a year!

Between 2018 and 2028, the career is expected to grow 20% and produce 139,200 job opportunities across the U.S.

What Does an Allocation Analyst Do

There are certain skills that many Allocation Analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Analytical skills, Communication skills and Detail oriented.

Learn more about what an Allocation Analyst does

How To Become an Allocation Analyst

If you're interested in becoming an Allocation Analyst, one of the first things to consider is how much education you need. We've determined that 81.0% of Allocation Analysts have a bachelor's degree. In terms of higher education levels, we found that 4.8% of Allocation Analysts have master's degrees. Even though most Allocation Analysts have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become an Allocation Analyst. When we researched the most common majors for an Allocation Analyst, we found that they most commonly earn Bachelor's Degree degrees or Associate Degree degrees. Other degrees that we often see on Allocation Analyst resumes include Master's Degree degrees or High School Diploma degrees.

You may find that experience in other jobs will help you become an Allocation Analyst. In fact, many Allocation Analyst jobs require experience in a role such as Assistant Buyer. Meanwhile, many Allocation Analysts also have previous career experience in roles such as Store Manager or Sales Associate.

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Average Salary
$72,683
Average Salary
Job Growth Rate
20%
Job Growth Rate
Job Openings
11,244
Job Openings
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Average Salary for an Allocation Analyst

Allocation Analysts in America make an average salary of $72,683 per year or $35 per hour. The top 10 percent makes over $99,000 per year, while the bottom 10 percent under $53,000 per year.
Average Salary
$72,683
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Choose From 10+ Customizable Allocation Analyst Resume templates

Zippia allows you to choose from different easy-to-use Allocation Analyst templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Allocation Analyst resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Allocation Analyst Demographics

Allocation Analyst Gender Statistics

female

70.7 %

male

29.3 %

Allocation Analyst Ethnicity Statistics

White

69.9 %

Hispanic or Latino

11.6 %

Asian

10.0 %

Allocation Analyst Foreign Languages Spoken Statistics

Spanish

37.5 %

Mandarin

8.3 %

Russian

8.3 %
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Allocation Analyst Education

Allocation Analyst Majors

31.3 %
11.7 %

Allocation Analyst Degrees

Bachelors

81.0 %

Associate

10.0 %

Masters

4.8 %

Top Colleges for Allocation Analysts

1. University of Georgia

Athens, GA • Private

In-State Tuition
$11,830
Enrollment
29,474

2. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

3. University of Wisconsin - Madison

Madison, WI • Private

In-State Tuition
$10,555
Enrollment
30,360

4. University of Maryland - College Park

College Park, MD • Private

In-State Tuition
$10,595
Enrollment
30,184

5. Ball State University

Muncie, IN • Private

In-State Tuition
$9,896
Enrollment
15,529

6. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

7. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition
$14,760
Enrollment
31,451

8. University of Nebraska - Lincoln

Lincoln, NE • Private

In-State Tuition
$9,242
Enrollment
20,592

9. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083

10. Purdue University

West Lafayette, IN • Private

In-State Tuition
$9,992
Enrollment
33,495
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Top Skills For an Allocation Analyst

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 14.4% of Allocation Analysts listed Sales Goals on their resume, but soft skills such as Analytical skills and Communication skills are important as well.

Best States For an Allocation Analyst

Some places are better than others when it comes to starting a career as an Allocation Analyst. The best states for people in this position are Delaware, Washington, New York, and Connecticut. Allocation Analysts make the most in Delaware with an average salary of $107,861. Whereas in Washington and New York, they would average $100,879 and $99,369, respectively. While Allocation Analysts would only make an average of $90,675 in Connecticut, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Delaware

Total Allocation Analyst Jobs:
46
Highest 10% Earn:
$152,000
Location Quotient:
1.11
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. New York

Total Allocation Analyst Jobs:
611
Highest 10% Earn:
$140,000
Location Quotient:
1.44
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Rhode Island

Total Allocation Analyst Jobs:
47
Highest 10% Earn:
$126,000
Location Quotient:
1.17
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Allocation Analysts

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Top Allocation Analyst Employers

Most Common Employers For Allocation Analyst

RankCompanyZippia ScoreAverage Allocation Analyst SalaryAverage Salary
1$96,334
2$83,074
3$80,200
4$74,092
5$73,290
6$73,104