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.
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.
$59270 per year
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 states||Hourly||Annual|
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).
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.
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.
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.
|Attention to Detail|
= Hot in-demand that most employers are looking for
Pros and Cons
Here are some reasons why you should and shouldn’t choose A Wholesale and Retail Buyer as your career.
|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)|
|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
Is this job meaningful
More than 40 hours per week
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
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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.
They purchase farm products either for further processing or resale. Includes tree farm contractors, grain brokers and market operators, grain buyers, and tobacco buyers.
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).
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.
They directly supervise and coordinate the activities of clerical and administrative support workers.
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Career type Business and Finance
Green Enhanced Skills
Research, Design and Consulting Services
Buying and Merchandising, Professional Sales and Marketing
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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/
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