Nice SCM salary report summary: https://lnkd.in/dTneTGgw. “Supply chain pros are making an avg of nearly $30K more/yr than the avg American, & are generally happy in their careers (ASCM)…The report found that the avg median supply chain salary is $98,570 (including base & additional compensation), up more than 3% from the previous year’s survey. The average median pay in the U.S. in Q4 of 2022 was equivalent to $56,420 annually, according to data from the Bureau of Labor Statistics.”
Also, from ASCM/APICS:
https://lnkd.in/d7WSAWC3
“Those who invested in career certifications found themselves earning higher salaries. The report found that supply chain professionals who hold at least one credential reported a median salary that is 16% higher than those without. People with two or more certifications earn 34% more.”
For tons of SCM salary data, see:
https://lnkd.in/gp6iMKT9
Also, reminder: CPIM is now reconfigured under version 8.0 moving from two courses & two exams to one. See:
https://lnkd.in/gxTdm8Mu
Supply Chain Certifications To Advance Your Career…and many more at:
https://lnkd.in/gHBkZ5cM. Supply Chain Manager Salary: Your 2023 Guide:
https://lnkd.in/grxANayH & https://lnkd.in/gp6iMKT9. Indeed has material on supply chain careers…70 Job Titles in Supply Chain (w/ Avg Salary): https://lnkd.in/gUAk4SPG. 11 Benefits of SCM Careers: https://lnkd.in/gXG9EkEF. What Does a Supply Chain Manager Do? https://lnkd.in/gFxhqH2m.
Delay graduation for experience? https://lnkd.in/ewKu7b_X
Right time for grad school? https://lnkd.in/eTk-PXPv
Problem solving #1 skill set…https://lnkd.in/eWaJ8q2
“The number of US job postings for supply chain managers on LinkedIn more than doubled between 2019 & 2022, according to data shared w/ the Financial Times.” https://lnkd.in/gyWH5gxt.
WMU SCM grads have a median wage range of $65-$75K. https://lnkd.in/dkGr4_uX. Good ROI, right?
#supplychain #salary #data #bigdata
Gartner: “Supply chain management software revenue grew 9.3% in 2022, faster than most other application software markets, exceeding $24.7 billion. The growth rate in constant-U.S.-dollar terms (base 2020) was 14.7%, which was double that of the previous year, indicating much higher growth in investments.” https://lnkd.in/gMDmP-BA.
Supply Chain Mgmt Software Market Size Reached US$ 15.8B In 2022. The Market Expects To Reach US$ 33.9B By 2030, Exhibiting A Growth Rate (CAGR) Of 12.6% During 2022-2030.| Data By Contrive Datum Insights Pvt: https://lnkd.in/gJmDezsD.
Also, a great read…attracting top talent in the supply chain software industry with the Gillespie Manners Supply Chain Software Salary Guide for 2023/24. https://lnkd.in/g6d5uG8w.
FYI, for my Sales majors & your sales talent needs…WMU named a top sales program for 16th consecutive year: https://lnkd.in/ggvDyH8k.
FREE resources for Info on Suppliers, Customers, & Prospects. A former student working in B2B industrial sales, suggested the following list of free websites as a resource for research on competitors, customer supply chains, & prospect contact info. Many of these links may already be in your resource list, but if not, they can be helpful:
https://lnkd.in/gV786uxY
https://www.datanyze.com/
https://lnkd.in/gqEUT3BB
https://lnkd.in/gV2KB5da
https://www.apollo.io/
https://lnkd.in/gqR4ZPst
16 Strategies For Identifying Prospects With Real Potential: https://lnkd.in/gurKjy6F.
My colleagues helped me put this list together for my non-supply chain majors. Industry Certifications & Associations for Various Business Majors: https://lnkd.in/gwQYahHH.
I would highly encourage you to join orgs related to what you are majoring in. Send the message to employers that you plan on being an engaged member of your discipline. Also, these orgs have certs which can be used to externally validate you as a subject matter expert. Send the message to employers that you are aware of these certs & these certs are a part of your career goals.
Further, many of these orgs have monthly local chapter meetings w/ guest speakers that you can attend as a student. It is a great way to learn & network.
#sales #b2b #supplychain #networking #software
Great time to be a supply chain student: “…growth in procurement salaries overall in North America is 5% & the avg salary for all N.A. supply chain pros was $105,418. Some highlights include the avg pay reported for Advanced Professionals ($126k) for roles such as a Procurement Director. For Professionals ($113k) for roles such as a Procurement Manager and for Operational level ($68k) for roles such as a Procurement Specialist.” See:
https://lnkd.in/gKAZr__H
For more SCM salary data, see:
https://lnkd.in/gp6iMKT9
Also, from ASCM/APICS:
https://lnkd.in/d7WSAWC3
“Those who invested in career certifications found themselves earning higher salaries. The report found that supply chain professionals who hold at least one credential reported a median salary that is 16% higher than those without. People with two or more certifications earn 34% more.”
Also, reminder: CPIM is now reconfigured under version 8.0 moving from two courses & two exams to one. See:
https://lnkd.in/gxTdm8Mu
12 Supply Chain Certifications To Advance Your Career…and many more at:
https://lnkd.in/gHBkZ5cM. Supply Chain Manager Salary: Your 2023 Guide:
https://lnkd.in/grxANayH & https://lnkd.in/gp6iMKT9. Indeed has material on supply chain careers…70 Job Titles in Supply Chain (w/ Avg Salary): https://lnkd.in/gUAk4SPG. 11 Benefits of SCM Careers: https://lnkd.in/gXG9EkEF. What Does a Supply Chain Manager Do? https://lnkd.in/gFxhqH2m.
#supplychain #salary #data #bigdata #cips
Great time to be a supply chain student. Deloitte expects U.S. manufacturers to have 2.1M unfilled jobs by 2030, & the BLS is projecting that logistics employment will grow by 7% annually through 2026. https://lnkd.in/gQ4cTdiy. The number of US job postings for supply chain managers on LinkedIn more than doubled between 2019 & 2022, according to data shared w/ the Financial Times. https://lnkd.in/gyWH5gxt.
The U.S. supply chain accounts for 37% of all domestic jobs, according to the Harvard Business Review. https://lnkd.in/gbV_aMT7.
For rather large amounts of salary data, see:
https://lnkd.in/gKXinFJC
#supplychain #salary #career #jobs #supplychainmanagement #logistics
Also, from ASCM/APICS:
https://lnkd.in/d7WSAWC3
For tons of SCM salary data & a complete copy of the 2023 ASCM/APICS salary report, see: https://lnkd.in/gp6iMKT9.
2023 Logistics Salary Survey: https://lnkd.in/g-MCCsfa.
2023 CIPS SCM Salary Data: https://lnkd.in/gEUUTJHc
ISM 2022 SCM Salary Data: https://lnkd.in/gJt7_DYT
SCMR Salary Data: https://lnkd.in/g265-hyy
Coursera 2023 SCM Salary Guide: https://lnkd.in/grxANayH
A nice SCM Salary Report from HireLily:
https://lnkd.in/g57MP9Qx
Also, reminder: CPIM is now reconfigured under version 8.0 moving from two courses & two exams to one. See: https://lnkd.in/gxTdm8Mu.
#supplychain #salary #career #jobs #jobsearch #supplychainmanagement
Great time to be a supply chain student: Avg Salary by Education…
“Education can greatly influence a supply management professional’s salary. Those whose highest level of education is a bachelor’s degree earned 63 percent more ($105,983) than individuals whose highest degree is a high-school diploma ($65,017) and 40.1 percent more than those whose highest degree is an associate’s degree ($75,661). Education beyond a bachelor’s degree also positively impacts average compensation. Supply management professionals whose highest degree is a master’s earned 36.3 percent more ($144,424) than those whose highest degree is a bachelor’s. In 2021, respondents with a doctorate earned $124,786 on average — 13.6 percent less than those whose highest degree is a master’s, but 17.7 percent more than those whose highest degree is a bachelor’s.”
Also from CIPS 2023 – “…growth in procurement salaries overall in North America is 5% & the avg salary for all N.A. supply chain pros was $105,418. Some highlights include the avg pay reported for Advanced Professionals ($126k) for roles such as a Procurement Director. For Professionals ($113k) for roles such as a Procurement Manager and for Operational level ($68k) for roles such as a Procurement Specialist.” See:
https://lnkd.in/gKAZr__H
For more SCM salary data, see:
https://lnkd.in/gp6iMKT9
https://lnkd.in/gWquYTpy
Also, from ASCM/APICS:
https://lnkd.in/d7WSAWC3
Also, reminder: CPIM is now reconfigured under version 8.0 moving from two courses & two exams to one. See:
https://lnkd.in/gxTdm8Mu
12 Supply Chain Certifications To Advance Your Career…and many more at:
https://lnkd.in/gHBkZ5cM. Supply Chain Manager Salary: Your 2023 Guide:
https://lnkd.in/grxANayH & https://lnkd.in/gp6iMKT9. Indeed has material on supply chain careers…70 Job Titles in Supply Chain (w/ Avg Salary): https://lnkd.in/gUAk4SPG. 11 Benefits of SCM Careers: https://lnkd.in/gXG9EkEF. What Does a Supply Chain Manager Do? https://lnkd.in/gFxhqH2m.
Logistics $:
https://lnkd.in/gKXinFJC
#supplychain #salary #cips #ism #ascm
Great time to be a supply chain student: “…growth in procurement salaries overall in North America is 5% & the avg salary for all N.A. supply chain pros was $105,418. Some highlights include the avg pay reported for Advanced Professionals ($126k) for roles such as a Procurement Director. For Professionals ($113k) for roles such as a Procurement Manager and for Operational level ($68k) for roles such as a Procurement Specialist.” See:
https://lnkd.in/gKAZr__H
For more SCM salary data, see:
https://lnkd.in/gp6iMKT9
Also, from ASCM/APICS:
https://lnkd.in/d7WSAWC3
“Those who invested in career certifications found themselves earning higher salaries. The report found that supply chain professionals who hold at least one credential reported a median salary that is 16% higher than those without. People with two or more certifications earn 34% more.”
Also, reminder: CPIM is now reconfigured under version 8.0 moving from two courses & two exams to one. See:
https://lnkd.in/gxTdm8Mu
12 Supply Chain Certifications To Advance Your Career…and many more at:
https://lnkd.in/gHBkZ5cM. Supply Chain Manager Salary: Your 2023 Guide:
https://lnkd.in/grxANayH & https://lnkd.in/gp6iMKT9. Indeed has material on supply chain careers…70 Job Titles in Supply Chain (w/ Avg Salary): https://lnkd.in/gUAk4SPG. 11 Benefits of SCM Careers: https://lnkd.in/gXG9EkEF. What Does a Supply Chain Manager Do? https://lnkd.in/gFxhqH2m.
#supplychain #salary #data #bigdata #cips
Indeed has material on supply chain careers…70 Job Titles in Supply Chain (w/ Avg Salary): https://lnkd.in/gUAk4SPG. 11 Benefits of SCM Careers: https://lnkd.in/gXG9EkEF. What Does a Supply Chain Manager Do? https://lnkd.in/gFxhqH2m.
Nice SCM salary report summary: https://lnkd.in/dTneTGgw. “Supply chain professionals are making an average of nearly $30,000 more per year than the average American, and are generally happy in their careers, according to data included in a new report released this morning by the Association for Supply Chain Management (ASCM).
…The report, “The Supply Chain Profession in 2023: Salaries and Careers Across the Globe,” found that the average median supply chain salary is $98,570 (including base and additional compensation), up more than 3% from the previous year’s survey. The average median pay in the U.S. in Q4 of 2022 was equivalent to $56,420 annually, according to data from the Bureau of Labor Statistics.”
Also, from ASCM/APICS:
https://lnkd.in/d7WSAWC3
“Those who invested in career certifications found themselves earning higher salaries. The report found that supply chain professionals who hold at least one credential reported a median salary that is 16% higher than those without. People with two or more certifications earn 34% more.”
For tons of SCM salary data & a complete copy of the 2023 ASCM/APICS salary report, see: https://lnkd.in/gp6iMKT9.
2023 Logistics Salary Survey: https://lnkd.in/g-MCCsfa.
Also, reminder: CPIM is now reconfigured under version 8.0 moving from two courses & two exams to one. See: https://lnkd.in/gxTdm8Mu.
#supplychain #salary #career #jobs
Supply Chain Manager Salary: Your 2023 Guide (from coursera): https://lnkd.in/grxANayH. Note, most sources are from Glassdoor. Factors that impact supply chain manager salaries…Education:
Associate degree: $93,335
Bachelor’s degree: $107,654
Master’s degree: $119,242
Doctorate degree: $124,625 – Want to become a college professor? See:
https://lnkd.in/gUPd3jjb
Experience
Supply Chain Manager: $72,000 – $118,000
Senior Supply Chain Manager: $105,000 – $172,000
Director of Supply Chain: $146,000 – $240,000
Vice President of Supply Chain: $197,000 – $344,000
Industry
Federal government: $88,710
Companies: $78,660
Manufacturing: $77,740
Professional and technical services: $76,840
Wholesale: $63,930
Further, if you work in a job related to supply chain manager, these are the average salaries you can expect to earn:
Manufacturing manager: $123,300
Transportation manager: $75,668
Procurement manager: $96,348
Supply chain analytics manager: $94,147
Demand planner: $74,264
Supply chain analyst: $79,637
More data:
For tons of SCM salary data & a complete copy of the 2023 ASCM/APICS salary report, see: https://lnkd.in/gp6iMKT9.
Also, reminder: CPIM is now reconfigured under version 8.0 moving from two courses & two exams to one. See: https://lnkd.in/gxTdm8Mu.
“The number of US job postings for supply chain managers on LinkedIn more than doubled between 2019 and 2022, according to data shared with the Financial Times.” https://lnkd.in/gyWH5gxt.
#supplychain #salary #data #bigdata
“Payscale reports as of Jan 2023 that the avg annual salary for SCM managers is around $85K. Entry-level professionals (those with < 1 year of experience) earn an avg total compensation of $65K, while more experienced managers (10-20 years of experience) earn closer to $94K..”
“The BLS, which groups logistics and SCM together, reports similar salary data for logisticians: a median annual wage of $77,030. The BLS projects employment for these professionals to grow by 28% between 2021 & 2031 (much faster than the average for all occupations), w/ an avg of 24,800 roles opening each year within that time frame.”
More Salary Data. “ASCM/APICS” $: 2022 https://lnkd.in/gtYC5Cnw vs 2021 https://lnkd.in/gpMvehY5 vs 2020 https://lnkd.in/gcsrX6tr. Salaries per “DC Velocity”: 2021 https://lnkd.in/gESQFNZa vs 2020 https://lnkd.in/gW-U-KHK vs 2019 https://lnkd.in/gJquYyT4. From “ISM”: 2018 $: https://lnkd.in/gV53aggX. 2020 $ (right before covid): https://lnkd.in/gz8WQEhr. 2021 $ (deep into covid): https://lnkd.in/g-SfG93A & https://lnkd.in/gn5jM9xt.
More salary data…CIPS Procurement Salary Guide 2022 reveals a 7.4% avg salary increase & the avg salary for all procurement & SCM pros in North America was $111,278. FYI:
https://lnkd.in/gR9WZHE3
2023 Logistics Salary Survey: https://lnkd.in/g-MCCsfa.
WMU SCM grads have a median wage range of $65-$75K. https://lnkd.in/dkGr4_uX. Good ROI, right?
Source: https://lnkd.in/ga8Azij7.
Entry-Level SCM Positions | Avg Salary: $69,000
Mid-Level SCM | Avg: $115,000
Senior-Level SCM | Avg: $260,000
Also:
Entry Level Mfg Jobs | Salary Range: $66,000 – $78,000
Mid-Level Mfg Jobs | Range: $110,000 – $143,000
Senior-Level Mfg Jobs | Range: $239,000 – $338,000
Students/Parents: Which college majors pay off? From WSJ: https://lnkd.in/gMy3nwS2.
https://lnkd.in/gH3jSWKt
The U.S. supply chain accounts for 37% of all domestic jobs, according to the Harvard Business Review. Note, this is all pre-covid data (so add more to the dollar signs)…Source: https://lnkd.in/gPqvNwG5
Logistician, $74,750
Logistics analyst, $58,713
Supply chain planner, $64,844
Purchasing agent, $69,600
Purchasing manager, $121,110
Logistics manager, $114,670
Distribution manager, $94,775
Operations manager, $100,780
Business & SCM competencies make up 80% of the fastest-growing skills in this industry; basic technical skills make up the remaining 20%.
Top two:
Microsoft Office/productivity tools
Adv Microsoft Excel
Technical skills
Among the top & fastest-growing technical skills:
Data science
SCM knowledge
Project Mgmt
Our SCM students get an Analytics minor:
https://lnkd.in/gxRayD3j
https://lnkd.in/e6r8_KBy
https://lnkd.in/e7xyUYGs
https://lnkd.in/gXYSQKc7
https://lnkd.in/eu7ANq6
https://lnkd.in/gJetuSjB
https://lnkd.in/eqiqSMRb
#supplychain #salary #data #bigdata
Dr. Sime (Sheema) Curkovic, Ph.D.,Professor, Operations/Supply Chain, Lee Honors College Faculty FellowWestern Michigan University, Haworth College of BusinessKalamazoo, MI 49008 | 269.267.3093 | Room 3246sime.curkovic@wmich.edu | www.wmich.edu/supplychainConnect/Click:
WMU SCM(Job ready, Day one):2nd in technology (SoftwareAdvice);2nd in global talent (SCM World);U.S. Top 20 & highest in Michigan (Gartner 2022).
