Inventory Control Specialist Salary in Illinois

Annual Median: $43,920
Hourly Median: $21.12

Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.

Annual and Hourly Inventory Control Specialist Illinois Salary Table:

Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.
PercentileAnnual SalaryHourly Wage
10th$32,870$15.81
25th$36,580$17.59
Median$43,920$21.12
75th$48,940$23.53
90th$59,320$28.52

Best Schools to become a Inventory Control Specialist in Illinois 2024

University of Illinois Urbana-Champaign

Champaign, IL

In-State Tuition:$14,542
Out-of-State Tuition:$35,122
Admission Rate:45%
Graduation Rate:85%
Total Enrollment:56,916

DeVry University-Illinois

Naperville, IL

In-State Tuition:$14,392
Out-of-State Tuition:$14,392
Admission Rate:43%
Graduation Rate:43%
Total Enrollment:26,384

DePaul University

Chicago, IL

In-State Tuition:$42,449
Out-of-State Tuition:$42,449
Admission Rate:70%
Graduation Rate:69%
Total Enrollment:20,917

Southern Illinois University-Edwardsville

Edwardsville, IL

In-State Tuition:$8,674
Out-of-State Tuition:$8,674
Admission Rate:98%
Graduation Rate:54%
Total Enrollment:12,519

Northwestern University

Evanston, IL

In-State Tuition:$62,391
Out-of-State Tuition:$62,391
Admission Rate:7%
Graduation Rate:97%
Total Enrollment:23,161

Aurora University

Aurora, IL

In-State Tuition:$27,200
Out-of-State Tuition:$27,200
Admission Rate:82%
Graduation Rate:60%
Total Enrollment:5,918

Inventory Control Specialist Salary in Illinois FAQs

What factors influence the salary of an Inventory Control Specialist in Illinois?
Several factors can impact your salary as an Inventory Control Specialist in Illinois, including:

  • Experience Level: Entry-level positions typically offer lower salaries, whereas those with several years of experience or specialized skills may command higher wages.
  • Education and Certifications: Holding relevant degrees or industry certifications can enhance your qualifications and potentially increase your earning potential.
  • Industry: Different sectors may have varying pay scales. For instance, retail, manufacturing, and warehousing may offer different compensation packages.
  • Geographic Location: Salaries can vary within Illinois based on cost of living and demand for inventory professionals in specific regions.

Are there opportunities for salary advancement as an Inventory Control Specialist?
Yes, there are various avenues for salary advancement in this field. You can enhance your salary potential by:

  • Gaining Experience: As you accumulate more experience in the industry, you may become eligible for promotions or higher-paying positions.
  • Pursuing Further Education: Continuing education or obtaining specialized certifications can make you more competitive for advanced roles.
  • Expanding Your Skill Set: Learning additional skills related to inventory management systems, data analysis, or supply chain logistics can open doors to higher-paying opportunities.

How do benefits affect the overall compensation for Inventory Control Specialists?
Benefits can significantly influence your overall compensation package. Many employers offer additional perks that can add substantial value, including:

  • Health and Dental Insurance: Coverage plans can contribute considerably to your financial well-being.
  • Retirement Plans: Employer-sponsored retirement plans, such as 401(k) matching, can enhance your long-term financial health.
  • Paid Time Off: Vacation days, sick leave, and holidays impact your overall income by allowing you time off without a decrease in pay.

What is the job outlook for Inventory Control Specialists in Illinois?
The job outlook for Inventory Control Specialists in Illinois is generally positive. Factors contributing to this include:

  • Growth in Retail and E-commerce: The rise of online shopping has increased the demand for sophisticated inventory management professionals.
  • Advancements in Technology: Businesses are investing in new technologies that require skilled specialists to manage complex inventory systems effectively.
  • Supply Chain Management: As businesses continue to focus on optimizing supply chains, the demand for skilled inventory professionals is expected to grow.

Is it common to negotiate salary as an Inventory Control Specialist?
Yes, negotiating your salary is common and often expected. Here are some tips to consider during negotiations:

  • Research Salary Trends: Familiarize yourself with current market rates for your role in Illinois to support your negotiation.
  • Highlight Your Value: Demonstrating your skills, certifications, and experience can be persuasive during discussions.
  • Be Open to Alternatives: If the employer can't meet your salary expectations, consider negotiating other aspects of your compensation package, such as benefits or flexible work arrangements.

What skills are most valuable for increasing an Inventory Control Specialist’s salary?
Certain skills can enhance your desirability and salary potential, including:

  • Analytical Skills: The ability to analyze inventory data and make data-driven decisions is highly sought after.
  • Technical Proficiency: Familiarity with inventory management software and ERP systems can set you apart.
  • Attention to Detail: Precision in tracking inventory and ensuring accuracy is vital and valued in this role.
  • Communication Skills: Effective communication with suppliers and team members is essential for successful inventory management.

What trends are impacting the salary of Inventory Control Specialists?
Recent trends influencing salaries include:

  • Automation and Technology: The growing use of technology in inventory management can lead to more specialized roles and potentially higher salaries.
  • Sustainability Practices: Companies increasingly focus on sustainable practices, leading to a demand for specialists who can manage eco-friendly inventory processes.
  • Global Supply Chain Issues: Fluctuations in global supply chains can create a need for skilled professionals to mitigate risks, impacting salary demands.