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Wholesale and Retail Buyers
Wholesale and Retail Buyers buy merchandise or commodities, other than farm products, for resale to consumers at the wholesale or retail level, including both durable and nondurable goods. Analyze past buying trends, sales records, price, and quality of merchandise to determine value and yield. Select, order, and authorize payment for merchandise according to contractual agreements. May conduct meetings with sales personnel and introduce new products. May negotiate contracts. Includes assistant wholesale and retail buyers of nonfarm products.
Table of Contents
Job description
Wholesale and Retail Buyers buy merchandise or commodities, other than farm products, for resale to consumers at the wholesale or retail level, including both durable and nondurable goods. Analyze past buying trends, sales records, price, and quality of merchandise to determine value and yield. Select, order, and authorize payment for merchandise according to contractual agreements. May conduct meetings with sales personnel and introduce new products. Includes assistant wholesale and retail buyers of nonfarm products.
- Buy merchandise or commodities for resale to wholesale or retail consumers.
- Negotiate prices, discount terms, or transportation arrangements with suppliers.
- Consult with store or merchandise managers about budgets or goods to be purchased.
- Examine, select, order, or purchase merchandise consistent with quality, quantity, specification requirements, or other factors, such as environmental soundness.
Salary
Wholesale and Retail Buyers with little to no experience tend to make between $37080 and $47900 while the more experienced ones can earn over $82430 per year.
| Top 5 paying states | Hourly | Annual |
|---|---|---|
| DC | $47 | $98,560 |
| NJ | $39 | $81,020 |
| VA | $37 | $77,840 |
| MD | $37 | $76,870 |
| MA | $36 | $74,200 |
One of the easiest ways to increase your salary as a Wholesale and Retail Buyer is to move to a higher paying state like DC. Right now, the highest paying states for Wholesale and Retail Buyers are DC, NJ, VA, MD and MA.
However, a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be twice as high than where you are currently at now.
Three other factors that can increase your salary as a Wholesale and Retail Buyer is the degree you hold, the industry you work in, and lastly the company you work for.
Requirements
We asked other Wholesale and Retail Buyers what degree they had when they got the job and most of them said they had a Bachelor’s Degree followed by a High School Diploma.
Other than that, we also asked them what did they major in and here are the most popular majors that came up.
| Wine Steward/Sommelier |
| Apparel and Textile Marketing Management |
| Sales, Distribution, and Marketing Operations, General |
| Merchandising and Buying Operations |
| General Merchandising, Sales, and Related Marketing Operations, Other |
Pros and Cons
Here are some of the pros and cons of being a Wholesale and Retail Buyer.
| PROS |
|---|
| Suitable for people who likes to start and carry out projects |
| Suitable for people who values achievements and are results-oriented |
| This career is perfect for people who love to work indoors. |
| Good salary (earns more than 50% of the careers out there) |
| CONS |
|---|
| Not suitable for people who likes to work with designs |
| Long working hours (More than 40 hours per week) |
What is the job like
66% of Wholesale and Retail Buyers said they were satisfied with their job and 39% said they feel like their job is making other people’s lives better.
Is this right for me
You can read more about these career personality types here.
People who are suitable for this job tends to like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business..
They also like following set procedures and routines. They like working with data and details more than with ideas.
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Related career information
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