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The differences between merchandise analysts and merchandise planners can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a merchandise analyst, becoming a merchandise planner takes usually requires 2-4 years. Additionally, a merchandise planner has an average salary of $69,460, which is higher than the $67,933 average annual salary of a merchandise analyst.
The top three skills for a merchandise analyst include powerpoint, SQL and data analysis. The most important skills for a merchandise planner are gross margin, strong analytical, and math.
| Merchandise Analyst | Merchandise Planner | |
| Yearly salary | $67,933 | $69,460 |
| Hourly rate | $32.66 | $33.39 |
| Growth rate | 19% | 19% |
| Number of jobs | 38,127 | 32,301 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 83% | Bachelor's Degree, 82% |
| Average age | 37 | 44 |
| Years of experience | 6 | 4 |
A merchandise analyst is an individual who monitors inventory levels while following and charting the profits and sales of a store or company. Merchandise analysts are required to identify appropriate industry and product categories so that they can focus on maximizing the business of each store. They must review and analyze weekly advertisement results with team members to meet their sales goals as well as identify causes of high carryover and methods for reduction. Merchandise analysts must also use data analysis to identify markets and fine-tune merchandise.
A merchandise planner is responsible for monitoring the adequacy of stock inventories and requesting purchase orders by researching current market trends to meet customer demands. Merchandise planners assist with marketing campaigns and promotional offers of the business, selling goods and services to the customers based on their needs and budget requirements. They also write sales reports, inspect the validity of merchandise, and maintain an attractive visual display of items. A merchandise planner resolves and escalates customer complaints timely, processes replacements, and issues refunds as needed.
Merchandise analysts and merchandise planners have different pay scales, as shown below.
| Merchandise Analyst | Merchandise Planner | |
| Average salary | $67,933 | $69,460 |
| Salary range | Between $49,000 And $92,000 | Between $46,000 And $102,000 |
| Highest paying City | Seattle, WA | San Francisco, CA |
| Highest paying state | Washington | California |
| Best paying company | Macy's | Pandora |
| Best paying industry | Retail | Retail |
There are a few differences between a merchandise analyst and a merchandise planner in terms of educational background:
| Merchandise Analyst | Merchandise Planner | |
| Most common degree | Bachelor's Degree, 83% | Bachelor's Degree, 82% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between merchandise analysts' and merchandise planners' demographics:
| Merchandise Analyst | Merchandise Planner | |
| Average age | 37 | 44 |
| Gender ratio | Male, 36.6% Female, 63.4% | Male, 37.1% Female, 62.9% |
| Race ratio | Black or African American, 5.1% Unknown, 5.0% Hispanic or Latino, 12.2% Asian, 10.7% White, 66.9% American Indian and Alaska Native, 0.1% | Black or African American, 8.6% Unknown, 4.6% Hispanic or Latino, 15.9% Asian, 6.1% White, 64.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 10% | 9% |