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A senior merchandise manager is an individual who manages the purchasing and selling of products in a retail environment. These individuals supervise merchandising staff and in larger stores, oversee purchasing departments that work to procure retail products ranging from clothing to appliances, and manage purchasing budgets and inventory. These individuals also monitor product and fashion trends, work with various vendors and manufacturers, and handle promotional and marketing materials. Senior marketing managers also handle negotiations with suppliers and train staff in merchandising management.
Some retail employers may prefer candidates who have a bachelor's degree in business, marketing, or a related field; however, candidates with comparable skills and experience may be considered depending on the industry. These individuals should possess strong leadership, communication, negotiation, and organizational skills.
According to the US Bureau of Labor Statistics, senior merchandise managers can make up to $120,000 annually, and the job market is expected to increase 1% by 2024.
Avg. Salary $111,266
Avg. Salary $59,228
Growth rate 10%
Growth rate 0.3%
American Indian and Alaska Native 0.23%
Asian 8.15%
Black or African American 3.04%
Hispanic or Latino 8.67%
Unknown 5.32%
White 74.58%
Genderfemale 50.85%
male 49.15%
Age - 38American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 38Stress level is high
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is poor
6.4 - fair
| Skills | Percentages |
|---|---|
| Direct Reports | 7.43% |
| Digital Marketing | 5.93% |
| SR | 5.89% |
| Sales Floor | 5.81% |
| Product Knowledge | 5.59% |
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The average senior merchandising manager salary in the United States is $111,266 per year or $53 per hour. Senior merchandising manager salaries range between $79,000 and $155,000 per year.
What am I worth?
Reviewing Brand Performance and competitive information. Also, I enjoying identifying the white space and opportunities to grow.
- Lot of challenges, a lot - Lot to innovate, to make customer's shopping experience beautiful, every month - Quick decision making, fail at times, learn every time - Big on power, bigger on responsibilities - Buck stops at you
- 24 X 7 on the toes - Manage across categories, across vendors - Keep all vendors happy, which you cannot - Failure of any cross-functional team will make you suffer from every angle