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Entry Level Forecasting Analyst Jobs in Frederick, MD

Entry Level Forecasting Analyst information

See Frederick, MD salary details

$13

$27

$54

How much do entry level forecasting analyst jobs pay per hour?

As of Aug 21, 2026, the average hourly pay for entry level forecasting analyst in Frederick, MD is $27.61, according to ZipRecruiter salary data. Most workers in this role earn between $19.13 and $29.86 per hour, depending on experience, location, and employer.

What does an entry level forecasting analyst do?

An Entry Level Forecasting Analyst is responsible for analyzing data to predict future trends, such as sales, demand, or financial outcomes, to help organizations make informed business decisions. They use statistical models, data analysis tools, and historical information to develop accurate forecasts. These analysts often work closely with other departments to gather data, interpret results, and present findings in clear reports or presentations. This role typically serves as a starting point for a career in data analysis, business intelligence, or supply chain management.

What are the key skills and qualifications needed to thrive as an entry level forecasting analyst, and why are they important?

To thrive as an Entry Level Forecasting Analyst, you need strong analytical skills, a solid understanding of statistics, and a bachelor's degree in a quantitative field such as mathematics, economics, or data science. Familiarity with forecasting software, Excel, and data visualization tools like Tableau or Power BI is typically required. Attention to detail, critical thinking, and effective communication are crucial soft skills for interpreting data and sharing insights with stakeholders. These skills and qualities are important because they enable accurate predictions, informed decision-making, and clear communication of complex data findings.

What are some common challenges faced by entry level forecasting analysts, and how can new hires overcome them?

Entry level forecasting analysts often face challenges such as interpreting large datasets, understanding various forecasting models, and communicating complex findings to non-technical stakeholders. New hires can overcome these obstacles by actively seeking mentorship from experienced colleagues, participating in training sessions, and leveraging analytical tools to streamline their workflow. Building strong collaboration with team members in finance, operations, and sales also helps ensure forecasts are accurate and actionable.

What is the difference between Entry Level Forecasting Analyst vs Data Analyst?

AspectEntry Level Forecasting AnalystData Analyst
Required CredentialsBachelor's in Economics, Finance, or related field; basic Excel and statistical skillsBachelor's in Statistics, Mathematics, or related field; proficiency in Excel, SQL, and data visualization tools
Work EnvironmentFinancial, retail, or manufacturing sectors focusing on sales, demand, or financial forecastingVarious industries including healthcare, marketing, finance, analyzing data trends and insights
Employer & Industry UsageUsed by companies needing demand predictions and financial planningUsed across industries for data analysis, reporting, and decision support

While both roles involve data analysis skills, the Entry Level Forecasting Analyst primarily focuses on predicting future trends using statistical models, often within finance or retail sectors. In contrast, Data Analysts handle broader data interpretation and reporting across various industries. The roles share foundational skills but differ in their specific focus and application.

What are the most commonly searched types of Forecasting Analyst jobs in Frederick, MD?

The most popular types of Forecasting Analyst jobs in Frederick, MD are:

What cities near Frederick, MD are hiring for Entry Level Forecasting Analyst jobs?

Cities near Frederick, MD with the most Entry Level Forecasting Analyst job openings:

Infographic showing various Entry Level Forecasting Analyst job openings in Frederick, MD as of August 2026, with employment types broken down into 80% Full Time, 14% Part Time, and 6% Contract. Highlights an 80% Physical, 9% Hybrid, and 11% Remote job distribution, with an average salary of $57,430 per year, or $27.6 per hour.

Associate Merchandise Planner

Guitar Center

Frederick, MD

$60K - $70K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 2 days ago

New


Guitar Center rating

6.0

Company rating: 6.0 out of 10

Based on 179 frontline employees who took The Breakroom Quiz

375th of 734 rated retailers


Job description

We are seeking an analytical, detail-oriented Associate Merchandise Planner to support the merchandise planning team in driving sales, inventory, and profitability across assigned categories. This entry-level role is an excellent opportunity for someone who enjoys working with numbers, identifying trends, and partnering with cross-functional teams to make data-driven business decisions.

The Associate Merchandise Planner will help analyze sales and inventory performance, maintain reporting, support forecasting and planning activities, and identify opportunities to optimize inventory and maximize sales.

Core Responsibilities:

  • Analyze weekly and monthly sales, inventory, and product performance.
  • Assist with open-to-buy sales, inventory, and gross margin forecasting.
  • Prepare and maintain recurring reports, dashboards, and business analyses.
  • Analyze sales trends and historical performance to support future plans.
  • Partner with Category Merchants, Replenishment and Operations teams.
  • Help identify opportunities to improve inventory productivity, sell-through, and profitability.
  • Support seasonal planning, promotional analysis, and post-season reporting.
  • Maintain accurate planning files and ensure data integrity across reporting tools.
  • Present findings and recommendations to planning and merchandising leadership as needed.
  • Take on ad hoc analyses and projects that support business priorities.

Qualifications to join our Band:

  • Bachelor's degree or equivalent experience in Business, Finance, Supply Chain, Merchandising, Analytics, or a related field.
  • 0-2 years of relevant experience; internships or academic experience in retail, analytics, finance, or merchandising are welcome.
  • Strong analytical and problem-solving skills.
  • Strong attention to detail and organizational skills.
  • Proficiency in Microsoft Excel, including formulas, pivot tables, and basic data analysis.
  • Ability to manage multiple priorities and meet deadlines.
  • Strong communication and collaboration skills.
  • Curiosity and willingness to learn in a fast-paced retail environment.

Preferred:

  • Previous retail, merchandising, planning, buying, allocation, or e-commerce experience.
  • Familiarity with retail KPIs such as sales, gross margin, sell-through, weeks of supply, inventory turnover, and markdowns.
  • Experience with reporting or business intelligence tools.
  • Basic understanding of forecasting and inventory planning.

Success in This Role

The ideal candidate is highly analytical and eager to learn. They are comfortable working with large amounts of data, can translate numbers into actionable insights, and are willing to ask questions and collaborate with partners across the organization.

Why Guitar Center? Here's just some of the rewards:

For our employees who are musicians we offer the unique opportunity of gig leave--take time off to share your music with the world and return to your job after your tour! Guitar Center offers robust benefits and perks, including Medical, Dental, Vision, 401K plus company match, mental health support, paid sick/holiday/vacation time, employee discount program, and tuition reimbursement options.

Pay Rate:$60,000 - $70,000/yr depending on background and experience.

The job posting is not necessarily reflective of actual compensation that may be earned, nor a promise of any specific pay for any specific employee, which is always dependent on actual experience, education, and other factors. The pay range(s) listed are provided in compliance with state specific laws. Pay ranges may be different in other locations.

With a career at Guitar Center, you become part of the world's largest multichannel musical instrument retailer. Whether at our Stores, Contact Centers, Distribution Centers, or Support Center, Guitar Center employees have a common goal: to help people find their sound and fill the world with more music.

Love this gig and want to apply?

Guitar Center is an Equal Opportunity Employer and provides fair and equal employment opportunity to all employees and applicants regardless of race, color, religion, gender, sexual orientation, gender identity, national origin, age, disability, veteran status or any other protected status prohibited under Federal, State, or local laws. All employment decisions are based on valid jobrelated requirements.

If you are a qualified individual with a disability or a disabled veteran and are unable or limited in your ability to use or access our website, you may request a reasonable accommodation to express interest in a specific opening. You can request reasonable accommodation by sending an email to recruiting@guitarcenter.com.


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About Guitar Center

Sourced by ZipRecruiter

The Guitar Center Company embodies the world of creativity and music by encouraging our teammates to find their own individual sound. Our mission is to develop and nurture lifelong musicians and make a difference in the world by enabling musicians and non-musicians alike to experience the joy that comes from creating music. We believe in putting our customers first, engaging with respect and integrity and fulfilling our mission with passion. The Guitar Center Company operates through several business divisions. Guitar Center is the world's largest retailer of guitars, amplifiers, drums, keyboards, recording, live sound, DJ, and lighting equipment, with more than 290 stores across the United States. 2014 marked the milestone 50th anniversary of the Guitar Center Company as the organization continues to help people make music from coast to coast.

Industry

Retail

Company size

10,000+ Employees

Headquarters location

Westlake Village, CA, US

Year founded

1964