Average Material Planning Specialist Salary in Australia for 2024

In this article, we will look at the average Material Planning Specialist salary for 2024 in Australia and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Australian dollar. To keep things simple, we are using the AUD currency code instead of the currency symbol $.

How Much Does a Material Planning Specialist Make in Australia?

A Material Planning Specialist working in Australia will typically earn around 68,400 AUD per year, and this can range from the lowest average salary of about 35,300 AUD to the highest average salary of 107,300 AUD.

Average Annual Salary

68,400 AUD

Average Monthly Salary

5,700 AUD

Lowest Annual Salary

35,300 AUD

Lowest Monthly Salary

2,941 AUD

Highest Annual Salary

107,300 AUD

Highest Monthly Salary

8,941 AUD

These are average salaries for a Material Planning Specialist in Australia and include benefits such as housing and transport. It's also possible for a Material Planning Specialist to earn more or less than the average salaries shown above.

Material Planning Specialist salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Material Planning Specialist Salaries in Australia

So we've looked at the average salaries a Material Planning Specialist will earn in Australia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Material Planning Specialist can earn between 35,300 AUD and 107,300 AUD on average in Australia. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Material Planning Specialist in Australia is 66,900 AUD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 66,900 AUD, and 50% of the population earn more than 66,900 AUD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Material Planning Specialist salary in Australia, 25% of the population are earning less than 44,500 AUD while 75% of the population earn more than 44,500 AUD.

75% of the population earn less than 83,800 AUD, and 25% of the population earn more than 83,800 AUD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

If your salary is higher than the average and the median salary, you are earning well compared to others.
If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Material Planning Specialist Salary by Experience Level in Australia

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average material planning specialist salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

0 - 2 Years Experience. A Material Planning Specialist in Australia that has less than two years of experience can expect to earn somewhere in the region of 41,900 AUD.
2 - 5 Years Experience. With two to five years of experience the average Material Planning Specialist salary would increase to 55,100 AUD.
5 - 10 Years Experience. From five to ten years of experience as a Material Planning Specialist, the average salary would be 69,200 AUD.
10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 87,700 AUD.
15 - 20 Years Experience. A Material Planning Specialist with 15 to 20 years of experience can earn an average of 92,600 AUD.
20+ Years Experience. For a Material Planning Specialist with more than 20 years, the expected average salary increases to 97,300 AUD.

Average Salary by Experience Chart

0-2 Years		41,900 AUD
2-5 Years	+34%	55,100 AUD
5-10 Years	+30%	69,200 AUD
10-15 Years	+21%	87,700 AUD
15-20 Years	+9%	92,600 AUD
20+ Years	+5%	97,300 AUD

Material Planning Specialist Salary by Education Level in Australia

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Material Planning Specialist in Australia based on the education level of the employees in order to find out whether a better education level would increase your salary.

High School. A Material Planning Specialist in Australia with a high school education can earn an average salary of 50,000 AUD.
Certificate or Diploma. A Material Planning Specialist in Australia with a certificate or diploma education can earn an average salary of 68,800 AUD.
Bachelor's Degree. A Material Planning Specialist in Australia with a bachelor's degree education can earn an average salary of 97,200 AUD.

Average Salary by Education Chart

High School		50,000 AUD
Certificate or Diploma	+43%	68,800 AUD
Bachelor's Degree	+38%	97,200 AUD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Australia is around 37,800 to 114,000 AUD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Material Planning Specialist Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Australia, a male material planning specialist will earn an average of 69,700 AUD, while a female material planning specialist will earn around 66,200 AUD.

This means that a male material planning specialist earns approximately 5% more than a female material planning specialist for performing the same job.

Average Salary by Gender Chart in Australia

Male		69,700 AUD
Female	-5%	66,200 AUD

Material Planning Specialist Average Pay Raise in Australia

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Material Planning Specialist in Australia is around 9% every 17 months.

The national average pay raise across all professions and industries in Australia is around 8% every 16 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 9 ÷ 17 ) × 12  = 6%

What this means is that a Material Planning Specialist in Australia can expect to receive an average pay raise of around 6% every 12 months.

Annual Pay Raise by Industry in Australia for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Australia.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking		4%
Energy		8%
Information Technology		3%
Healthcare		7%
Travel		2%
Construction		6%
Education		1%

Material Planning Specialist Bonus and Incentive Rates in Australia

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Material Planning Specialist is a moderate bonus based job, with 54% of employees reporting at least one bonus in the last 12 months.

46% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 5%.

Received Bonus		54%
No Bonus		46%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Australia earn approximately 5% more than private sector employees in the same role.

Public Sector		92,500 AUD
Private Sector	-5%	87,900 AUD

Salaries for Jobs Similar to a Material Planning Specialist

In the table below, we have salary information for jobs that are similar to a Material Planning Specialist in Australia.

Job Title	Category	Salary
Asset Management Associate	Purchasing and Inventory	83,700 AUD
Asset Protection Associate	Purchasing and Inventory	77,000 AUD
Asset Protection Specialist	Purchasing and Inventory	86,100 AUD
Assistant Buyer	Purchasing and Inventory	73,800 AUD
Buyer	Purchasing and Inventory	123,000 AUD
Capacity Planner	Purchasing and Inventory	89,900 AUD
Category Leader	Purchasing and Inventory	87,400 AUD
Category Management Specialist	Purchasing and Inventory	85,500 AUD
Category Manager	Purchasing and Inventory	103,600 AUD
Channel Services Representative	Purchasing and Inventory	86,300 AUD
Contracts Manager	Purchasing and Inventory	105,800 AUD
Contracts Specialist	Purchasing and Inventory	83,000 AUD
Demand Planner	Purchasing and Inventory	94,300 AUD
Demand Planning Manager	Purchasing and Inventory	112,700 AUD
Distribution Assistant	Purchasing and Inventory	75,800 AUD
Distribution Associate	Purchasing and Inventory	73,700 AUD
Distribution Manager	Purchasing and Inventory	161,300 AUD
Inventory Analyst	Purchasing and Inventory	79,000 AUD
Inventory Control Clerk	Purchasing and Inventory	46,400 AUD
Inventory Control Manager	Purchasing and Inventory	114,300 AUD
Inventory Management Associate	Purchasing and Inventory	85,500 AUD
Inventory Specialist	Purchasing and Inventory	79,700 AUD
Logistics Engineer	Purchasing and Inventory	78,200 AUD
Master Planner	Purchasing and Inventory	80,000 AUD
Material Handler	Purchasing and Inventory	46,700 AUD
Merchandise Manager	Purchasing and Inventory	95,300 AUD
Procurement Administrator	Purchasing and Inventory	103,600 AUD
Procurement Agent	Purchasing and Inventory	67,900 AUD
Procurement Analyst	Purchasing and Inventory	103,600 AUD
Procurement Assistant	Purchasing and Inventory	63,400 AUD
Procurement Associate	Purchasing and Inventory	83,000 AUD
Procurement Clerk	Purchasing and Inventory	39,800 AUD
Procurement Engineer	Purchasing and Inventory	83,300 AUD
Procurement Manager	Purchasing and Inventory	172,100 AUD
Procurement Officer	Purchasing and Inventory	42,500 AUD
Procurement Process Analyst	Purchasing and Inventory	95,000 AUD
Procurement Specialist	Purchasing and Inventory	73,800 AUD
Production Planner	Purchasing and Inventory	91,500 AUD
Project Buyer	Purchasing and Inventory	107,300 AUD
Purchaser	Purchasing and Inventory	130,400 AUD
Purchasing Agent	Purchasing and Inventory	71,200 AUD
Purchasing Assistant	Purchasing and Inventory	43,400 AUD
Purchasing Manager	Purchasing and Inventory	175,200 AUD
Purchasing Officer	Purchasing and Inventory	79,600 AUD
Purchasing Supervisor	Purchasing and Inventory	107,700 AUD
Shipping and Receiving Clerk	Purchasing and Inventory	40,300 AUD
Shipping Coordinator	Purchasing and Inventory	80,400 AUD
Stock Clerk	Purchasing and Inventory	45,000 AUD
Stock Regulator	Purchasing and Inventory	49,400 AUD
Storage Manager	Purchasing and Inventory	103,600 AUD
Store Keeper	Purchasing and Inventory	42,400 AUD
Stores and Logistics Coordinator	Purchasing and Inventory	83,300 AUD
Supply Chain Analyst	Purchasing and Inventory	124,500 AUD
Supply Chain Coordinator	Purchasing and Inventory	92,400 AUD
Supply Chain Development Manager	Purchasing and Inventory	153,700 AUD
Supply Chain Director	Purchasing and Inventory	177,100 AUD
Supply Chain Manager	Purchasing and Inventory	167,100 AUD
Supply Planner	Purchasing and Inventory	80,300 AUD
Warehouse Assistant	Purchasing and Inventory	33,800 AUD
Warehouse Clerk	Purchasing and Inventory	35,100 AUD
Warehouse Executive	Purchasing and Inventory	148,300 AUD
Warehouse Lead	Purchasing and Inventory	97,400 AUD
Warehouse Manager	Purchasing and Inventory	151,800 AUD
Warehouse Supervisor	Purchasing and Inventory	105,200 AUD
Wholesale Buyer	Purchasing and Inventory	127,600 AUD

Salary Comparison by City

If you want to compare salaries with different cities in Australia, you can use the links below to explore the data for each specific city we have researched.

City	Average Salary
Adelaide	69,700 AUD
Brisbane	74,700 AUD
Canberra-Queanbeyan	70,500 AUD
Gold Coast-Tweed	68,100 AUD
Gosford	62,300 AUD
Melbourne	79,800 AUD
Newcastle	73,700 AUD
Perth	71,700 AUD
Sunshine Coast	65,700 AUD
Sydney	79,500 AUD
Wollongong	67,200 AUD

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