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.
There is more than meets the eye when it comes to being a senior merchandising manager. For example, did you know that they make an average of $58.04 an hour? That's $120,724 a year!
Between 2018 and 2028, the career is expected to grow 8% and produce 21,800 job opportunities across the U.S.
There are certain skills that many senior merchandising managers 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, creativity and interpersonal skills.
When it comes to the most important skills required to be a senior merchandising manager, we found that a lot of resumes listed 7.0% of senior merchandising managers included direct reports, while 6.8% of resumes included key performance indicators, and 6.3% of resumes included sales floor. 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 senior merchandising manager job title. But what industry to start with? Most senior merchandising managers actually find jobs in the retail and manufacturing industries.
If you're interested in becoming a senior merchandising manager, one of the first things to consider is how much education you need. We've determined that 70.1% of senior merchandising managers have a bachelor's degree. In terms of higher education levels, we found that 7.3% of senior merchandising managers have master's degrees. Even though most senior merchandising managers 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 senior merchandising manager. When we researched the most common majors for a senior merchandising manager, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on senior merchandising manager resumes include master's degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a senior merchandising manager. In fact, many senior merchandising manager jobs require experience in a role such as merchandising manager. Meanwhile, many senior merchandising managers also have previous career experience in roles such as store manager or buyer.