Inventory Analyst Education Requirements And Degrees

There are several education requirements to become an inventory analyst. Inventory analysts usually study business, accounting or finance. 67% of inventory analysts hold a bachelor's degree and 15% hold a associate degree. We found these by analyzing 6,844 inventory analyst resumes to investigate the topic of inventory analyst education more precisely.

The most common colleges for students to pursue their goal of becoming an inventory analyst are University of Phoenix and Northern Illinois University.

For those who would rather stay in your pajamas during the day, we prepared some online courses that can help in inventory analyst education paths.

We prepared a list of an inventory analyst certifications that you should consider. The necessary certifications that inventory analysts must have to succeed are Certified in Production and Inventory Management (CPIM) and Certified Supply Chain Professional (CSCP).

What Degree Should I Get to Become an Inventory Analyst ?

The most common degree for inventory analysts is bachelor's degree 67% of inventory analysts earn that degree. A close second is associate degree with 15% and rounding it off is master's degree with 8%.

  • Bachelors, 67%
  • Associate, 15%
  • Masters, 8%
  • High School Diploma, 6%
  • Other Degrees, 4%
Inventory Analyst DegreeascdescPercentagesascdesc
Bachelors
66.9%
Associate
15.4%
Masters
8.1%
High School Diploma
5.8%
Diploma
2.1%

What Should I Major in to Become an Inventory Analyst ?

Most inventory analysts, 39% to be exact, major in business. Some other common majors for an inventory analyst include accounting and finance majors.

Inventory Analyst MajorascdescPercentagesascdesc
Business
39.5%
Accounting
12.3%
Finance
6.0%
Supply Chain Management
5.1%
Marketing
4.7%

Most Common Colleges for Inventory Analyst

Here are the most common colleges for an inventory analyst career in the US based on their resumes. Advocates often get their degree in University of Phoenix, Northern Illinois University, and Michigan State University .

University of Phoenix

Northern Illinois University

Michigan State University

Purdue University

Pennsylvania State University

Inventory Analyst Common CollegeascdescPercentagesascdesc
University of Phoenix
16.36%
Northern Illinois University
7.93%
Michigan State University
7.77%
Purdue University
6.45%
Pennsylvania State University
6.28%

Average Inventory Analyst Salary by Education Level

Inventory analysts with a Doctorate degree earn more than those without, at $69,059 annually. With a Masters degree, inventory analysts earn a median annual income of $60,066 compared to $53,347 for inventory analysts with an Bachelors degree.

Master's Degree

Bachelor's Degree

Doctorate Degree

Some College/ Associate Degree

Inventory Analyst Education LevelascdescInventory Analyst Salaryascdesc
Master's Degree
$60,066
Bachelor's Degree
$53,347
Doctorate Degree
$69,059
Some College/ Associate Degree
$49,028

10 Best Universities For Inventory Analysts

In a lot of cases, a higher education can mean a higher salary or even a better job. That's why we found out the best colleges for inventory analysts. We based this list on these metrics: admissions rate, retention rate, mean earnings of students working, ratio of working vs. non-working students 10 years after admission, average cost of attendance and median debt for graduates.

1. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

2. University of Pennsylvania

Philadelphia, PA • Private

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

3. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

4. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

5. University of Illinois at Urbana-Champaign

Champaign, IL • Private

In-State Tuition
$15,094
Enrollment
32,974

6. Northwestern University

Evanston, IL • Private

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

7. Carnegie Mellon University

Pittsburgh, PA • Private

In-State Tuition
$55,465
Enrollment
6,483

8. Pennsylvania State University

University Park, PA • Private

In-State Tuition
$18,454
Enrollment
40,108

9. University of Texas at Austin

Austin, TX • Private

In-State Tuition
$10,610
Enrollment
40,329

10. Baruch College of the City University of New York

New York, NY • Private

In-State Tuition
$7,262
Enrollment
14,629
RankascdescSchoolascdescLocationascdesc
1
University of Southern California
Los Angeles, CA
2
University of Pennsylvania
Philadelphia, PA
3
SUNY Stony Brook
Stony Brook, NY
4
New York University
New York, NY
5
University of Illinois at Urbana-Champaign
Champaign, IL

20 Best Online Courses for Inventory Analysts

Sometimes things are just better when you get to stay in your pajamas all day. That includes school. We found top courses for inventory analysts from Udemy, Coursera, EDX, and ed2go that will help you advance in your career. Here are essential skills you need to be a inventory analyst:

  • Procedures
  • Supply chain
  • Customer service
If you want to improve inventory analysts skills these courses could help you in this.

Advertising Disclosure
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Inventory and Portfolio Management
edX (Global)

Inventory is also company money, materialized in supplies towards the elaboration of products in-process, finished and for sale. Keeping an organized and updated inventory will allow you to save time and resources. Also, knowing that type of product you have available and what state it is in helps in organizing what you already have, so you will not have waste and you will be able to sell as you produce. Inventory is a hidden treasure for companies. In this online course you will learn to...

Supply Chains for Manufacturing: Inventory Analytics
edX (Global)

A supply chain entails two or more parties that are linked together by material, information and money flows. The management of a supply chain attempts to coordinate the activities of the parties so that merchandise is produced and distributed at the right quantities, to the right locations, and at the right time, in order to minimize system-wide costs while satisfying service level requirements. As part of the Principles of Manufacturing MicroMasters program, this course will expose learners...

eBay Drop Shipping Guide with No Inventory - Work From Home
udemy
4.2
(9,422)

Learn exactly how to work from home purely selling and drop shipping on eBay. No up front inventory! Basic to Advanced!...

RPG Inventory Systems Asset Pack: Behind The Scenes
udemy
4.5
(517)

Review and integrate an RPG-Style Inventory System. All Code Base Provided As A Flexible Asset Pack...

Supply Chain Management A-Z: Operations & Logistics Basics
udemy
4.5
(476)

Supply Chain Management Basics: An MBA style course to boost your career as a business operations & logistics manager...

Fundamentals of Logistics, Supply Chain & Customer Service
udemy
4.5
(899)

Learn Logistics, Supply Chain and Customer Service. 3 Courses in 1...

SAP Materials Management (MM) Super User Training
udemy
4.3
(493)

Complete Beginner and Intermediate Purchasing & Inventory Management Training - Perform all the task in SAP in no time...

RA: Data Science and Supply Chain analytics. A-Z with Python
udemy
4.6
(272)

Learn Python, Supply Chain Data Science, Linear Programming, Forecasting, Pricing and Inventory Management...

Supply Chain Logistics
coursera

Have you ever wondered how goods get delivered to us so quickly as soon as we order them? One word: Logistics! In this introductory Supply Chain Logistics course, I will take you on a journey to this fascinating backbone of global trade. We cover the three major building blocks of logistics networks: transportation, warehousing, and inventory. After completing this course, you will be able to differentiate the advantages and disadvantages of different modes of transportation. You will understand...

Procurement and Logistics Management
edX (Global)

This course is part of the edX Professional Certificate program Certified Supply Chain Analyst (CSCA), offered by ISCEA. This course prepares you for the ISCEA Certified Supply Chain Analyst (CSCA) Exam on edX and is a requirement for becoming ISCEA certified. To become an ISCEA Certified Supply Chain Analyst (CSCA), you must complete all three preparatory courses and successfully pass the CSCA Exam. The Procurement and Logistics Management course is designed to provide the foundational skills...

Ultimate TALLY ERP 9 with GST - TALLY with Accounting [2021]
udemy
4.5
(756)

Practical hands-on training on the core concepts like accounting, inventory, Payroll with practical hands-on...

Reporting Use of Firm Resources and Taxation
edX (Global)

We’ll begin this course with a look at inventory and learn how to link inventory valuation to gross profit. We’ll also explore the four principal inventory valuation methods and assess the pros and cons of each inventory valuation method. Next, we’ll learn how to measure the cost of long-lived assets and distinguish between expenses and capitalized items. We’ll learn how to compute depreciation under various depreciation methods and explain the effect of depreciation on cash flow. We’ll also...

Logistics Fundamentals
edX (Global)

Logistics are the first trait for a company’s success! Learn all about logistics and how you can use it to achieve every goal in your organization. Logistics encourage the efficient use of tools all along the value chain, by optimizing processes such as: Supply Manufacture Transportation Inventory Distribution In this online course you will gain a holistic view of logistics and transportation within your company, which is useful to understand how a company can thing strategically...

Supply Chain Fundamentals
edX (Global)

This Supply Chain Fundamentals course is part of the MITx MicroMasters Credential in Supply Chain Management, offered by #1 ranked SCM Master's program at the Massachusetts Institute of Technology. The CTL.SC1x Supply Chain Fundamentals course provides the foundational skills for supply chain management and logistics. You will learn how to develop and apply analytic tools, approaches, and techniques used in the design and operation of logistics systems and integrated supply chains. The material...

SAP MM -Material Management Simplified
udemy
4.5
(252)

Exclusively designed SAP MM Training for End-Users, MM-Super-users, SAP Beginner to become SAP MM Consultant, S4 HANA...

eBay Dropshipping Academy: Ultimate Arbitrage Mastery Course
udemy
4.5
(496)

complete guide to dropshipping, learn from an experienced professional eBay seller all secrets revealed...

Introduction to Operations Management
coursera

Learn to analyze and improve business processes in services or in manufacturing by learning how to increase productivity and deliver higher quality standards. Key concepts include process analysis, bottlenecks, flows rates, and inventory levels, and more. After successfully completing this course, you can apply these skills to a real-world business challenge as part of the Wharton Business Foundations Specialization...

Audit - Financial Statement
udemy
4.5
(1,078)

Learn the audit process from planning to audit report form a Certified Public Accountant (CPA)...

Laravel 8 Vuejs & RESTful API Course With Complete Project
udemy
4.5
(440)

Learn Basic Larave 8, Vuejs, Restful Api Fundamentals Then Together All, Create Inventory Management System Project...

Pharmaceutical Supply Management for Developing Countries
udemy
4.6
(707)

How to Select, Quantify, Procure, Store and Distribute Essential Medicines and Medical Supplies. Pharmacy Supply Chain...

Best Inventory Analyst Certifications in 2021

1. Certified in Production and Inventory Management (CPIM)

Thousands of employers worldwide look for the CPIM designation when making critical hiring decisions. These companies know that CPIM designees have the proven knowledge and skills to strategically streamline operations.

Thousands of employers worldwide look for the CPIM designation when making critical hiring decisions. These companies know that CPIM designees have the proven knowledge and skills to strategically streamline operations.

Certification Details
  • More than two years of education or training after high school required? Yes
  • More than two years of work experience required? No
  • Oral or Written Exam Required? Yes
  • Renewal Required? Every 5 year(s)

2. Certified Supply Chain Professional (CSCP)

Due to an overwhelming request for an entry level industry certification, the American Society of Transportation and Logistics (AST&L) now offers the Professional Designation in Logistics and Supply Chain Management (PLS) to professionals seeking an understanding of the key strategies for improving customer service and increasing the efficiency of their logistics and supply chain operations. The purpose of the PLS is to recognize individuals that have completed a course of study examining the strategies for improving logistics and supply chain operations and are seeking to apply this knowledge within their profession. This designation is granted to AST&L members who have successfully passed the comprehensive examination.

Due to an overwhelming request for an entry level industry certification, the American Society of Transportation and Logistics (AST&L) now offers the Professional Designation in Logistics and Supply Chain Management (PLS) to professionals seeking an understanding of the key strategies for improving customer service and increasing the efficiency of their logistics and supply chain operations. The purpose of the PLS is to recognize individuals that have completed a course of study examining the strategies for improving logistics and supply chain operations and are seeking to apply this knowledge within their profession. This designation is granted to AST&L members who have successfully passed the comprehensive examination.

Certification Details
  • More than two years of education or training after high school required? No
  • More than two years of work experience required? No
  • Oral or Written Exam Required? Yes
  • Renewal Required? Every 5 year(s)

3. Certified in Planning and Inventory Management (CPIM)

Resiliency and agility are what make supply chains thrive in today’s rapidly changing world. Becoming CPIM certified shows employers that you know how to effectively manage disruptions, demand variations and supply chain risk. With a CPIM certification, you will develop the competencies they need to successfully work across all functions of the supply chain. In addition, you'll have the knowledge to better respond to supply disruptions, demand variations, and manage supply chain risk. Commit yourself to a higher level of education, boost your career prospects and help any organization stay competitive in today’s economy.

Resiliency and agility are what make supply chains thrive in today’s rapidly changing world. Becoming CPIM certified shows employers that you know how to effectively manage disruptions, demand variations and supply chain risk. With a CPIM certification, you will develop the competencies they need to successfully work across all functions of the supply chain. In addition, you'll have the knowledge to better respond to supply disruptions, demand variations, and manage supply chain risk. Commit yourself to a higher level of education, boost your career prospects and help any organization stay competitive in today’s economy.

Certification Details
  • More than two years of education or training after high school required? No
  • More than two years of work experience required? No
  • Oral or Written Exam Required? Yes
  • Renewal Required? Every 5 year(s)
Certifying Organization
Association for Supply Chain...

Entry Level Jobs For Becoming An Inventory Analyst

Top 10 Affordable Universities For Inventory Analysts

If those top 10 were a bit out of your price range, you might want to check these schools instead. After factoring in in-state tuition and fees, average cost of attendance, admissions rate, average net price and mean earnings after 6 years, we found that these are the most affordable schools for inventory analysts.

1. Baruch College of the City University of New York

New York, NY • Private

In-State Tuition
$7,262
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$14,046

2. SUNY Farmingdale

Farmingdale, NY • Private

In-State Tuition
$8,306
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$16,091

3. University of Florida

Gainesville, FL • Private

In-State Tuition
$6,381
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$21,034

4. Brigham Young University

Provo, UT • Private

In-State Tuition
$5,620
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$18,136

5. Florida State University

Tallahassee, FL • Private

In-State Tuition
$5,656
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$21,623

6. California State University - Fullerton

Fullerton, CA • Private

In-State Tuition
$6,886
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$17,645

7. California State University - Dominguez Hills

Carson, CA • Private

In-State Tuition
$6,942
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$14,469

8. Brooklyn College of the City University of New York

Brooklyn, NY • Private

In-State Tuition
$7,240
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$13,991

9. USF Sarasota-Manatee

Sarasota, FL • Private

In-State Tuition
$5,587
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$13,043

10. California State University - Northridge

Northridge, CA • Private

In-State Tuition
$6,893
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$18,870
RankascdescSchoolascdescLocationascdesc
1
Baruch College of the City University of New York
New York, NY
2
SUNY Farmingdale
Farmingdale, NY
3
University of Florida
Gainesville, FL
4
Brigham Young University
Provo, UT
5
Florida State University
Tallahassee, FL

Top 10 Hardest Universities To Get Into For Inventory Analysts

Some people like a challenge. Well, we challenge you to get into one of these schools. It's not going to be easy. We know this based on these institutions' admissions rates, average SAT scores accepted, median ACT scores accepted and mean earnings of students 6 years after admission.

1. Northwestern University

Evanston, IL • Private

Admissions Rate
8%
SAT Average
1,508

2. Carnegie Mellon University

Pittsburgh, PA • Private

Admissions Rate
17%
SAT Average
1,507

3. University of Pennsylvania

Philadelphia, PA • Private

Admissions Rate
8%
SAT Average
1,492

4. University of Southern California

Los Angeles, CA • Private

Admissions Rate
13%
SAT Average
1,445

5. New York University

New York, NY • Private

Admissions Rate
20%
SAT Average
1,419

6. Northeastern University

Boston, MA • Private

Admissions Rate
19%
SAT Average
1,466

7. Case Western Reserve University

Cleveland, OH • Private

Admissions Rate
29%
SAT Average
1,443

8. Boston University

Boston, MA • Private

Admissions Rate
22%
SAT Average
1,420

9. Washington University in St Louis

Saint Louis, MO • Private

Admissions Rate
15%
SAT Average
1,506

10. Boston College

Chestnut Hill, MA • Private

Admissions Rate
28%
SAT Average
1,429
RankascdescSchoolascdescLocationascdesc
1
Northwestern University
Evanston, IL
2
Carnegie Mellon University
Pittsburgh, PA
3
University of Pennsylvania
Philadelphia, PA
4
University of Southern California
Los Angeles, CA
5
New York University
New York, NY

Top 10 Easier To Apply Universities For Inventory Analysts

Why make getting a job harder on yourself than it has to be? With these colleges, you're sure to be accepted in no time. We compiled admissions rates, average SAT scores, average ACT scores and average salary of students 6 years after graduation in order to uncover which were the easiest schools to get into.

1. Notre Dame de Namur University

Belmont, CA • Private

Admissions Rate
82%
SAT Average
983

2. Felician University

Lodi, NJ • Private

Admissions Rate
81%
SAT Average
999

3. Oklahoma Wesleyan University

Bartlesville, OK • Private

Admissions Rate
68%
SAT Average
964

4. La Roche College

Pittsburgh, PA • Private

Admissions Rate
99%
SAT Average
1,008

5. Holy Names University

Oakland, CA • Private

Admissions Rate
70%
SAT Average
849

6. Notre Dame College

Cleveland, OH • Private

Admissions Rate
90%
SAT Average
994

7. D'Youville College

Buffalo, NY • Private

Admissions Rate
100%
SAT Average
1,072

8. William Paterson University of New Jersey

Wayne, NJ • Private

Admissions Rate
93%
SAT Average
994

9. Nyack College

New York, NY • Private

Admissions Rate
98%
SAT Average
999

10. Oregon Institute of Technology

Klamath Falls, OR • Private

Admissions Rate
96%
SAT Average
1,139
RankascdescSchoolascdescLocationascdesc
1
Notre Dame de Namur University
Belmont, CA
2
Felician University
Lodi, NJ
3
Oklahoma Wesleyan University
Bartlesville, OK
4
La Roche College
Pittsburgh, PA
5
Holy Names University
Oakland, CA

Inventory Analyst Internship Jobs

Inventory Analyst Jobs

Updated April 30, 2021