Wholesale and Retail Buyers: Salary, Job Description, How To Become One, and Quiz

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

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.

$67530
Salary
66%
Job Satisfaction
Not Too Hard
Becoming One
Medium
Job Growth
Suitable Personality

Wholesale and Retail Buyers

Salary, Job Description, How To Become One, and More


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.


    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

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    Salary

    Average salary
    $67530 per year

    Average hourly wage
    $32 per hour


    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 statesHourlyAnnual
    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

    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 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

    Read more about how to become a Wholesale and Retail Buyer and the degree, training and education you need.



    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

    Job satisfaction
    66%

    Is this job meaningful
    39%


    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 Entrepreneurs 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.



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