how much does a supply chain analyst earn?
gopiauthor"How Much Do Supply Chain Analysts Earn?"
Supply chain analysts play a crucial role in the successful operation of businesses across the globe. They are responsible for managing the flow of goods and materials from suppliers to manufacturers, distributors, and finally to customers. The expertise and expertise of supply chain analysts are essential in optimizing the efficiency of the entire supply chain, reducing costs, and improving customer satisfaction. This article will provide an overview of the salary and salary of supply chain analysts.
Salary and Benefits of Supply Chain Analysts
The salary of supply chain analysts can vary significantly depending on several factors, such as industry, location, and experience. According to the Bureau of Labor Statistics (BLS), the average annual salary for supply chain analysts in the United States was $83,200 in May 2020. This figure represents the median salary, with higher salaries for those in the top 10% of earners.
Industry and Location
Supply chain analysts in the manufacturing and transportation industries can expect to earn higher salaries than those in other industries. For example, the average annual salary for supply chain analysts in the transportation industry was $91,600 in May 2020, while those in the manufacturing industry earned an average of $86,300.
Location also plays a role in salary and salary. Suppliers in large urban areas with high costs of living, such as New York and San Francisco, can expect to earn higher salaries than those in smaller urban or rural areas. The average annual salary for supply chain analysts in large urban areas was $87,300 in May 2020, while those in smaller urban areas earned an average of $80,800.
Experience and Education
Experience and education also play a significant role in determining the salary of supply chain analysts. According to the BLS, the median salary for supply chain analysts with less than five years of experience was $61,300 in May 2020. Those with five to nine years of experience earned an average of $80,300, while those with 10 or more years of experience earned an average of $88,700.
In addition, having a bachelor's degree in a related field, such as operations management, logistics, or business administration, is typically required for supply chain analyst positions. However, those with advanced degrees, such as master's degrees or doctorate degrees, may be eligible for higher salaries.
In conclusion, supply chain analysts can expect to earn an average annual salary of $83,200 in the United States. However, salary and salary vary significantly depending on industry, location, experience, and education. As the importance of supply chain management continues to grow, the demand for supply chain analysts is expected to remain high, resulting in attractive salary and benefits packages for those in the field.