A merchandising manager is responsible for buying and arranging products in a store to maximize profits. Merchandising Managers keep track of consumer trends in order to put the most appealing products in a location that ensures they sell. Because of this, merchandising managers typically have a thorough knowledge of the company they work for as well as several years of work experience in retail sales or working as a store associate.
Merchandising Manager Education Requirements
Becoming a merchandising manager requires a degree in business, marketing or a related field. An associate degree is sometimes enough, but furthering one's education can increase their competitiveness and appeal to hiring managers. In addition, several years of experience is required, preferably in the same company. This allows the merchandising manager to have a comprehensive knowledge of sales trends and product placement. In addition to having business sense, merchandising managers must know what is culturally popular in order to take advantage of trends that will maximize profits.
Merchandising Manager Job Market
The job availability for merchandising managers is expected to grow by 2 percent by 2022. While it is slow growth, it will still result in an estimated 1,730 new jobs per year. Merchandising managers usually work for a single store or a chain of stores in a regional area.
Merchandising Manager Salary
Merchandising Managers earn anywhere from $10 an hour to 21$ an hour on average, depending upon the size of the company they work for. Annual salary can vary from as low as $28,000 per year to upwards of $70,000. The experience of a merchandising manager and their effectiveness are large determining factors for the annual wage. A merchandising manager who works for a smaller company will usually make less than one who works for a large wholesale company.