Monday, September 29, 2008

Salary Outlook

Salary Outlook

Photo of piggy bank and money bagsExcellent employment prospects, a fast-paced, fulfilling work environment, and the opportunity for career growth all sound great, but you’re still thinking “show me the money.” Fear not, you’ve found the SCM salary data page and you’ll really like what you see! Starting SCM salaries for 2007 college graduates in the logistics/materials management curriculum average $45,771 according to the National Association of Colleges and Employers. These salaries are very competitive with other business school disciplines.

Compensation by Position Type

The table below provides insight into the pay prospects for just nine of the many SCM positions available to college graduates. The data reflects total cash compensation (base salary plus incentive pay) reported for each position in the 2007 Mercer Benchmark Database for Logistics and Supply Chain Positions. Mercer LLC is a human resources-focused global consulting firm.

Mouse over Position Type/Title for detailed descriptions.

Salary Graph

As the mid-level and executive level compensation data suggests, the SCM profession offers excellent upside salary potential. As you gain experience and show what you can accomplish, your pay will grow. According to the Logistics Management Magazine 23rd Annual Salary Survey results, the typical respondent (44 year old, college educated manager with 15.7 years of experience) earns $80,000 per year. The study concludes: "As companies continue to outsource and seek productivity and cost improvements, the demand for quality people-and subsequently for solid salaries-is likely to increase in the coming years." Click here for additional salary data.

About the Mercer Benchmarking Survey
The 2007 Mercer Benchmark Database – Logistics and Supply Chain Positions provides information reported by 1,338 US organizations. Conducted annually by Mercer, it includes compensation data for 62 positions, ranging from top management to clerical, across industries.

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