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Working as a Merchandise Analyst

The purpose of a merchandise analyst is to monitor inventory and follow and chart the profits and sales of a store or company. They also watch consumer patterns, such as seasonal purchasing, and present their findings to store managers, buyers, planners, and corporate executives. Additionally, they offer insight on ways to alter merchandise assortments in order to increase revenue and minimize loss.

The duties that merchandise analysts execute are monitoring store category sales, supervising physical inventory, identifying trends in sales, monitoring the timing and scope of seasonal changes, maintaining desired inventory levels and assortments, scheduling deliveries and overseeing shipping, and developing supply strategies to minimize stock outs while maximizing inventory turns. Educational requirements include a bachelor's degree in finance, accounting, or similar field. Although a high school diploma or equivalent is also acceptable, the caveat is the right combination of retail, buying, and allocation experience. A blend of merchandising and data analysis experience are desirable.

The average hourly salary for the position is $27.95, which amounts to $58,138 annually. In addition, the career is expected to grow 20% in the following years to come, resulting in new opportunities emerging all over the United States.

There is more than meets the eye when it comes to being a merchandise analyst. For example, did you know that they make an average of $27.95 an hour? That's $58,138 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 a Merchandise Analyst Do

There are certain skills that many merchandise 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 detail oriented, analytical skills and communication skills.

When it comes to the most important skills required to be a merchandise analyst, we found that a lot of resumes listed 17.6% of merchandise analysts included product category, while 8.3% of resumes included powerpoint, and 5.1% of resumes included ensure accuracy. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the merchandise analyst job title. But what industry to start with? Most merchandise analysts actually find jobs in the retail and manufacturing industries.

How To Become a Merchandise Analyst

If you're interested in becoming a merchandise analyst, one of the first things to consider is how much education you need. We've determined that 69.8% of merchandise analysts have a bachelor's degree. In terms of higher education levels, we found that 17.9% of merchandise analysts have master's degrees. Even though most merchandise 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 a merchandise analyst. When we researched the most common majors for a merchandise analyst, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on merchandise analyst resumes include associate degree degrees or high school diploma degrees.

You may find that experience in other jobs will help you become a merchandise analyst. In fact, many merchandise analyst jobs require experience in a role such as assistant buyer. Meanwhile, many merchandise analysts also have previous career experience in roles such as sales associate or store manager.

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Average Salary$58,138
Job Growth Rate20%

Merchandise Analyst Career Paths

Top Careers Before Merchandise Analyst

Top Careers After Merchandise Analyst

Buyer
8.8 %

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Merchandise Analyst

Merchandise Analysts in America make an average salary of $58,138 per year or $28 per hour. The top 10 percent makes over $76,000 per year, while the bottom 10 percent under $44,000 per year.
Average Salary
$58,138

Best Paying Cities

City
Average Salary
Englewood, NJ
Salary Range56k - 98k$75k$74,680
Seattle, WA
Salary Range54k - 87k$69k$69,335
Raleigh, NC
Salary Range47k - 83k$63k$63,203
San Francisco, CA
Salary Range47k - 82k$63k$62,791
San Antonio, TX
Salary Range46k - 80k$61k$61,052
New York, NY
Salary Range45k - 79k$60k$60,297
$33k
$98k

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Kjus | Associate Ecommerce Merchandising Analyst
Kjus | Associate Ecommerce Merchandising Analyst
Acushnet Holdings Corp
Acushnet Holdings Corp
01/12/2021
01/12/2021
$40,00001/12/2021
$40,000
Merchandise Analyst
Merchandise Analyst
Randstad
Randstad
06/19/2019
06/19/2019
$37,56606/19/2019
$37,566
Merchandising Retail Analyst
Merchandising Retail Analyst
ICER Brands Services LLC
ICER Brands Services LLC
03/18/2019
03/18/2019
$47,34103/18/2019
$47,341
Merchandise Strategy Analyst
Merchandise Strategy Analyst
Zulily, LLC
Zulily, LLC
03/07/2019
03/07/2019
$85,00003/07/2019
$85,000
Merchandise Analyst
Merchandise Analyst
Nordstrom, Inc.
Nordstrom, Inc.
03/01/2019
03/01/2019
$49,08803/01/2019
$49,088
See More Recent Salaries

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Merchandise Analyst Demographics

Gender

female

59.6 %

male

36.7 %

unknown

3.7 %

Ethnicity

White

70.2 %

Hispanic or Latino

11.2 %

Asian

9.8 %

Foreign Languages Spoken

Spanish

31.1 %

Mandarin

13.1 %

Chinese

11.5 %
See More Demographics

Merchandise Analyst Education

Degrees

Bachelors

69.8 %

Masters

17.9 %

Associate

5.2 %

Top Colleges for Merchandise Analysts

1. University of Georgia

Athens, GA • Public

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 • Public

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

4. University of Maryland - College Park

College Park, MD • Public

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

5. Ball State University

Muncie, IN • Public

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 • Public

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

8. University of Nebraska - Lincoln

Lincoln, NE • Public

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 • Public

In-State Tuition
$9,992
Enrollment
33,495
See More Education Info
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Part Time
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Top Skills For a Merchandise 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, 17.6% of merchandise analysts listed product category on their resume, but soft skills such as detail oriented and analytical skills are important as well.

Best States For a Merchandise Analyst

Some places are better than others when it comes to starting a career as a merchandise analyst. The best states for people in this position are New Jersey, Delaware, Alaska, and Washington. Merchandise analysts make the most in New Jersey with an average salary of $74,677. Whereas in Delaware and Alaska, they would average $74,049 and $71,765, respectively. While merchandise analysts would only make an average of $68,533 in Washington, 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 Merchandise Analyst Jobs:
45
Highest 10% Earn:
$122,000
Location Quotient:
1.69
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. Rhode Island

Total Merchandise Analyst Jobs:
33
Highest 10% Earn:
$112,000
Location Quotient:
1.14
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. New Jersey

Total Merchandise Analyst Jobs:
266
Highest 10% Earn:
$124,000
Location Quotient:
1.06
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
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Top Merchandise Analyst Employers

1. AutoZone
4.5
Avg. Salary: 
$63,988
Merchandise Analysts Hired: 
65+
2. Kohl's
4.6
Avg. Salary: 
$81,656
Merchandise Analysts Hired: 
45+
3. Target
4.6
Avg. Salary: 
$78,482
Merchandise Analysts Hired: 
40+
4. Dick's Sporting Goods
4.5
Avg. Salary: 
$68,894
Merchandise Analysts Hired: 
38+
5. Sears Holdings
3.8
Avg. Salary: 
$78,496
Merchandise Analysts Hired: 
37+
6. C&S Wholesale Grocers
4.9
Avg. Salary: 
$66,065
Merchandise Analysts Hired: 
28+

Merchandise Analyst Videos

Updated October 2, 2020