Wholesale and Retail Buyers: Salary, Job Description, How To Be One and More

Stanley TanLeave a Comment



Wholesale and Retail Buyers jobs information
pros and cons of being a Wholesale and Retail Buyer

Wholesale and Retail Buyers

Other names for this job might include Art Dealer, Buyer, Buyer Assistant, Category Manager, Commodity Manager, Contracts Specialist, Fashion Buyer, Fur Buyer, Gold Buyer, Grocery Buyer


  • $59270
    Salary
  • 66%
    Job satisfaction
  • Medium
    Becoming one
  • Medium
    Job growth
OwlGuru Rank

B



Wholesale and Retail Buyers: Know It All In 1 Minute


In this career summary, you will find out what the job of A Wholesale and Retail Buyer is about and what it is like.

After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.



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.
  • Examine, select, order, or purchase merchandise consistent with quality, quantity, specification requirements, or other factors, such as environmental soundness.
  • Recommend mark-up rates, markdown rates, or merchandise selling prices.

Read more about what does A Wholesale and Retail Buyer really do at work and what is it like being and working as one.


Become one

schools for Wholesale and Retail Buyers

Interested in becoming A Wholesale and Retail Buyer? Find the right schools that can help you to become one. This service is free thanks to our sponsors.

Click to start becoming a Wholesale and Retail Buyer




Salary

Average salary
$59270 per year

Hourly wage
$28.5 an hour


Wholesale and Retail Buyers with little to no experience tend to make between $30200 and $39430 while the more experienced ones make over $71210 per year.

Top 5 paying statesHourlyAnnual
NJ$34.77$72320
NY$32.64$67890
RI$31.62$65770
FL$31.4$65310
MN$31.07$64630

1 of the easiest ways to increase your salary as A Wholesale and Retail Buyer is to move to a higher paying state like NJ. Right now, the highest paying states for Wholesale and Retail Buyers are NJ, NY, RI, FL and MN.

However a higher pay at NJ doesn’t guarantee that you will make more because the living expenses at NJ might be 2x higher than where you are currently at now.

3 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 (bigger companies like the Fortune 500 companies tend to pay more).

Find out how much do successful Wholesale and Retail Buyers make and if their salary is high when compared to all the other careers.


Requirements

Recommended degree level
Between Post-Secondary Certificate and Associate’s Degree

We asked other Wholesale and Retail Buyers what degree they had when they got the job and most of them said they had a Bachelors degree followed by 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

Another popular question from our readers is what makes A Wholesale and Retail Buyer successful or would they be good in this career.

Well, we found that most successful Wholesale and Retail Buyers have these 5 skillsets.

Negotiation
Active Listening
Speaking
Critical Thinking
Persuasion

In addition to that, 1 common characteristic among successful Wholesale and Retail Buyers is they are good at Cooperation. Here are the top 5 common characteristics.

Cooperation
Adaptability/Flexibility
Dependability
Attention to Detail
Integrity
= Hot in-demand that most employers are looking for

Read more about what it really takes to become A Wholesale and Retail Buyer and the degree, training and education you need


Pros and Cons

Here are some reasons why you should and shouldn’t choose A Wholesale and Retail Buyer as your career.

PROS
Suitable for people who likes to start and carry out projects
Suitable for people who values achievements and are resultsoriented
This career is perfect for people who love to work indoors.
Good salary (earns more than 50% of the other careers)
CONS
Not suitable for people who likes to work with designs
Long working hours (More than 40 hours per week)


There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.

A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.



What is the job like

Job satisfaction
66%

Is this job meaningful
39%


Working hours
More than 40 hours per week

Working schedule
Regular (Set schedule and routine)


On a normal working week Wholesale and Retail Buyers work More than 40 hours per week.

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

Best personality for this career
The Persuaders and The Organizers


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.



How we can help

Start your journey to be A Wholesale and Retail Buyer

Get the best college for Wholesale and Retail Buyers


Discover the best colleges for your $$$


Find colleges have the highest earning grads


Yes, I'm sure


Rank: A+
Salary: $92250

They plan, direct, or coordinate one or more administrative services of an organization, such as records and information management, mail distribution, facilities planning and maintenance, custodial operations, and other office support services.
Rank: C
Salary: $60350

They purchase farm products either for further processing or resale. Includes tree farm contractors, grain brokers and market operators, grain buyers, and tobacco buyers.
Rank: A
Salary: $65880

They plan, direct, or coordinate the selling, buying, leasing, or governance activities of commercial, industrial, or residential real estate properties. Includes managers of homeowner and condominium associations, rented or leased housing units, buildings, or land (including rights-of-way).
Rank: A+
Salary: $117200

They plan, direct, or coordinate the operations of public or private sector organizations. Duties and responsibilities include formulating policies, managing daily operations, and planning the use of materials and human resources, but are too diverse and general in nature to be classified in any one functional area of management or administration, such as personnel, purchasing, or administrative services.
Rank: B+
Salary: $54400

They directly supervise and coordinate the activities of clerical and administrative support workers.






Trusted by over 50,000 fans

[easy-followers title=”” nofollow=”1″ total_type=”text_before” columns=”2″ template=”tinycolor”]

Career type

Business and Finance
Green Enhanced Skills
Research, Design and Consulting Services
Buying and Merchandising, Professional Sales and Marketing

Other Careers Like This


Help Others Out



Learn more about Wholesale and Retail Buyers

Summary (You are here)
Job Description
Salary
Requirements
Is This Right For Me

Study To Be A Wholesale and Retail Buyer


Related to Wholesale and Retail Buyers Career Information

Wholesale and Retail Buyers job description, Wholesale and Retail Buyers salary, Wholesale and Retail Buyers information, what is the job of a Wholesale and Retail Buyer like, pros and cons about Wholesale and Retail Buyers, colleges and universities for Wholesale and Retail Buyers, is Wholesale and Retail Buyers, Except Farm Products the right career for me, Medium careers to get into, careers in Business and Finance

Additional resources

http://www.bls.gov/OOH/business-and-financial/buyers-and-purchasing-agents.htm
http://www.american-purchasing.com/
https://www.instituteforsupplymanagement.org/
http://www.nigp.org/

OwlGuru.com
OwlGuru.com is a career and college finder site. We help students to find a career and college that is right for them.
Wholesale and Retail Buyers
Written by: Stanley Tan
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.
4 / 5 stars

Leave a Reply

Your email address will not be published. Required fields are marked *