Supply chain analysts use data analytics techniques and tools to ensure that supply chains operate efficiently. Learn how much you can expect to make in this important role.
In a world increasingly reliant on complex supply chains that span the globe, supply chain analysts capable of pairing data analysis with logistical knowledge are of the utmost importance. The skills they use daily to identify issues in the system and design effective solutions mean that supply chain analysts are well-compensated for their efforts.
So, how much can you expect to make as a supply chain analyst?
In this article, you’ll find a round-up of salary estimates from some of the top salary sources, learn how different factors will impact your expected pay, and explore some online courses that can help you get started on this exciting career path.
According to various job listing sites, the average pay range for supply chain analysts ranges from $64,176 to $80,615. The salary ranges given by five different organizations for supply chain analysts are as follows [1, 2, 3, 4, 5]:
Zippia | Glassdoor | Payscale | Indeed | BLS |
---|---|---|---|---|
$67,450 | $80,615 | $64,176 | $75,103 | $77,030 |
However, the exact pay you can expect to earn will likely be impacted by your work experience, the industry in which you work, and your geographical location.
Generally, the more work experience you have, the more you will earn as a supply chain analyst. According to Glassdoor, the total annual salary for supply chain analysts with different years of experience are as follows [2]:
Supply Chain Analyst (2-4 years): $66k-$98k
Senior Supply Chain Analyst (2-4 years): $80k-$122k
Lead Supply Chain Analyst (5-7 years): $77k-$121k
Principle Supply Chain Analyst (8+ years): $94k-$152k
Supply chain analysts are needed across various industries, particularly as e-commerce becomes the norm rather than just a convenient alternative to in-person shopping.
According to the US Bureau of Labor Statistics (BLS), the top five industries employing logisticians – the jobs category under which supply chain analysts fall – are as follows [5]:
Industry | Median annual wage |
---|---|
Federal government | $88,710 |
Management of companies and enterprises | $78,660 |
Manufacturing | $77,740 |
Professional, scientific, and technical services | $76,840 |
Wholesale trade | $63,930 |
Typically, the location in which you work has a large impact on your potential salary. Common location-dependent factors influencing your potential salary include the local cost of living and the local job market.
To demonstrate how geographic location might impact salary, here are the top 10 highest-paying cities in the US for supply chain analysts, according to Zippia [1]:
Arlington, VA - $87,001
San Francisco, CA - $85,469
Seattle, WA - $80,017
Lehi, UT - $68,702
New York, NY - $68,206
Boston, MA - $67,027
Philadelphia, PA - $65,969
Englewood, CO - $65,214
Saint Louis, MO - $64,231
Austin, TX - $63,939
According to research conducted by Zippia, 72.8 percent of supply chain analysts hold a bachelor’s degree, while 15 percent hold a master’s degree [6]. This means that possessing an undergraduate degree is a basic requirement for the profession, so it is unlikely to significantly improve your salary.
Job seekers looking to boost their employment chances and earning potential, though, might consider obtaining a master’s degree to stand out from the field.
The job outlook for supply chain analysts is positive.
According to the BLS, the number of jobs for those working in logistics is expected to grow by 28 percent in the next decade. During this period, the BLS projects that approximately 54,100 new jobs will open annually [7].
Overall, the widespread expansion and adoption of e-commerce have created increasingly complex supply chains. As these commerce channels continue to grow in the coming years, so too will the need for supply chain analysts capable of managing, analyzing, and optimizing them.
Today, supply chain analysts pair knowledge of supply chain management with data analysis to provide the most efficient supply chain solutions. Prepare for a career in supply chain analysis with an online, flexible course through Coursera today.
Rutger’s Supply Chain Analytics Specialization teaches course takers the pain points of a supply chain, how analytics may relieve them, and designing effective logistics strategies for large-scale distributed systems.
Google’s Data Analytics Professional Certificate teaches key analytical skills like data cleaning, analysis, and visualization.
Zippia. “Supply Chain Analyst Salary, https://www.zippia.com/supply-chain-analyst-jobs/salary/.” Accessed June 5, 2023.
Glassdoor. “How much does a Supply Chain Analyst make?, https://www.glassdoor.com/Salaries/supply-chain-analyst-salary-SRCH_KO0,20.htm.” Accessed June 5, 2023.
Payscale. “Average Supply Chain Analyst Salary, https://www.payscale.com/research/US/Job=Supply_Chain_Analyst/Salary.” Accessed June 5, 2023.
Indeed. “Supply Chain Analyst salary in United States, https://www.indeed.com/career/supply-chain-analyst/salaries.” Accessed June 5, 2023.
US Bureau of Labor Statistics. “Occupational Outlook Handbook: Logistics, Pay, https://www.bls.gov/ooh/business-and-financial/logisticians.htm#tab-5.” Accessed June 5, 2023.
Zippia. “How to Become a Supply Chain Analyst, https://www.zippia.com/supply-chain-analyst-jobs/.” Accessed June 5, 2023.
US Bureau of Labor Statistics. “Occupational Outlook Handbook: Logistics, Job Outlook, https://www.bls.gov/ooh/business-and-financial/logisticians.htm#tab-6.” Accessed June 5, 2023.
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