Introduction
Supply chain management is a critical role in many businesses, with professionals responsible for overseeing the movement of materials and goods from suppliers to customers. As such, supply chain managers are in high demand, and their salaries reflect this. But how much do supply chain managers make?
This article takes a comprehensive look at the salaries and benefits associated with supply chain management positions. We’ll examine the average salaries across the country, the factors that influence salaries, entry-level and experienced salaries, regional variations, and the job outlook. We’ll also discuss some of the leading companies hiring supply chain managers, and the benefits of pursuing a career in this field.
Average Supply Chain Manager Salaries
According to the U.S. Bureau of Labor Statistics (BLS), the median annual wage for supply chain managers was $74,750 as of May 2019. The lowest 10 percent earned less than $49,410, while the highest 10 percent earned more than $120,000.1
These figures represent the national average salary for supply chain managers. However, there are many factors that can impact the salaries for these professionals, including experience, industry, location, and company size.
Breaking Down the Factors Influencing Supply Chain Manager Salaries
Experience is perhaps the biggest factor influencing supply chain manager salaries, with more experienced professionals earning higher salaries. According to PayScale, entry-level supply chain managers earn an average of $54,000 per year, while those with five to ten years of experience earn an average of $76,000.2
The industry in which a supply chain manager works can also affect their salary. For example, those working in the automotive industry tend to earn higher salaries than those in other industries. According to Robert Half, the average salary for a supply chain manager in the automotive industry is $86,500, compared to $71,000 in the technology sector.3
The size of the company can also influence salaries, with larger companies typically paying higher salaries than smaller ones. According to Glassdoor, the average salary for a supply chain manager at a large company is $94,000, compared to $76,000 at a small company.4
Location is another important factor that influences salaries, with supply chain managers in certain regions earning more than those in others. According to Indeed, the highest-paying cities for supply chain managers are San Francisco, CA ($127,000); New York, NY ($115,000); and Chicago, IL ($104,000).5
Entry-Level & Experienced Supply Chain Manager Salaries
As mentioned above, experience is a key factor influencing salaries for supply chain managers. Entry-level supply chain managers earn an average of $54,000 per year, while those with five to ten years of experience earn an average of $76,000. Those with more than ten years of experience can expect to earn an average of $90,000 per year.
Geographic Influence on Supply Chain Manager Salaries
Location can also have a significant impact on salaries, with supply chain managers in certain regions earning more than those in others. According to Glassdoor, the top-paying states for supply chain managers are California ($97,000); New York ($93,000); Illinois ($87,000); Massachusetts ($84,000); and Texas ($83,000).6
In addition, some cities pay significantly higher salaries than others. The highest-paying cities for supply chain managers, according to Indeed, are San Francisco, CA ($127,000); New York, NY ($115,000); Chicago, IL ($104,000); Houston, TX ($99,000); and Los Angeles, CA ($98,000).7
Benefits of Being a Supply Chain Manager
In addition to competitive salaries, supply chain managers often enjoy a number of benefits, including potential for advancement, a pleasant work environment, and job security. According to the BLS, employment of supply chain managers is projected to grow 7 percent from 2018 to 2028, faster than the average for all occupations.8 This growth is expected to result in a number of new job opportunities for supply chain managers.
In addition, supply chain managers often have the opportunity to advance their careers. Many companies offer training and professional development opportunities, as well as the chance to take on more responsibility and move up the corporate ladder.
Finally, supply chain managers typically enjoy a pleasant work environment. They often work in office settings and have the opportunity to interact with a variety of people from different departments.
Companies Hiring Supply Chain Managers
There are a number of companies currently looking to hire supply chain managers, including major corporations like Amazon, Walmart, and Target. These companies offer competitive compensation packages and benefits, as well as the opportunity to work with industry-leading teams.
Other companies hiring supply chain managers include Apple, Cisco, Dell, HP, IBM, Microsoft, and Oracle. All of these companies offer competitive salaries and benefit packages, as well as the chance to work with some of the most innovative teams in the industry.
Job Outlook for Supply Chain Managers
The job outlook for supply chain managers is positive, with the BLS predicting a 7 percent growth in employment from 2018 to 2028.9 This growth is expected to create a number of new job opportunities for supply chain managers.
In addition, supply chain managers have the opportunity to further their careers through professional development and training opportunities. Many companies offer courses and certifications to help supply chain managers stay up-to-date on the latest trends and technologies.
Conclusion
In conclusion, supply chain managers can expect to earn competitive salaries and benefits, as well as the opportunity to advance their careers. The average salary for a supply chain manager is $74,750 per year, though this figure can vary based on experience, industry, location, and company size. Additionally, the job outlook for supply chain managers is positive, with the BLS predicting a 7 percent growth in employment from 2018 to 2028.
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