How To Become a Wholesale and Retail Buyer

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How Long Does It Take, What Degree Do You Need, and More

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.

Salary
$72370
Becoming One
Medium
Education
Bachelor's degree
Job Satisfaction
Job Growth

Personality



What degree do you need

Recommended degree level

Bachelor’s Degree

We did a survey to ask other Wholesale and Retail Buyers what degree they had when they became a Wholesale and Retail Buyer. Here are the results.
Bachelor’s Degree
34.65%


High School Diploma
20.3%


Less than a High School Diploma
13.92%


One of the most common questions that we always get is what major or degree do I need to become Wholesale and Retail Buyers or what courses do I need to take.

We also asked Wholesale and Retail Buyers what did they major in college or university and here are the top 5 most popular majors that came up.

Wine Steward or Sommelier
Apparel and Textile Marketing Management
Sales, Distribution, and Marketing Operations
Merchandising and Buying Operations
General Merchandising, Sales, and Related Marketing Operations

Educational requirements usually vary with the size of the organization. A high school diploma is enough at many organizations for entry into the Wholesale and Retail Buyers, Except Farm Products occupation, although large stores and distributors may prefer applicants who have completed a bachelor’s degree program and have taken some business or accounting classes. Many manufacturing firms put an even greater emphasis on formal training, preferring applicants who have a bachelor’s or master’s degree in engineering, business, economics, or one of the applied sciences. Wholesale and Retail Buyers, Except Farm Products usually have at least a bachelor’s degree and some work experience in the field. A master’s degree may be required for advancement to some top-level Wholesale and Retail Buyers, Except Farm Products jobs.



How hard is it

Difficulty
Not Too Hard

You may need some previous work-related skill, knowledge or experience to be a Wholesale and Retail Buyer. For example, an electrician must complete three or four years of apprenticeship or several years of vocational training, and often must have passed a licensing exam, in order to perform the job.

Careers in this difficulty category will usually need 1 or 2 years of on-the-job training and informal training with experienced workers. These careers usually involve using communication and organizational skills to coordinate, supervise, manage, or train others to accomplish goals. Similar careers include hydroelectric production managers, travel agents, electricians, court reporters, and medical assistants.


Related work experience required
2 to 4 years

2 to 4 years
48.58%


1 to 2 years
22.47%


None
15.45%


Job training
3 to 6 months

3 to 6 months
42.07%


6 months to 1 year
21.78%


1 to 3 months
17.27%



License and certifications

Do you need any license or certification
Recommended but not required

The Certified Professional in Supply Management (CPSM) credential, offered by the Institute for Supply Management, covers a wide scope of duties that Wholesale and Retail Buyers, Except Farm Products do. The exam requires applicants to either have a bachelor’s degree and 3 years of supply management experience, or for those without a bachelor’s degree, 5 years of supply management experience and the successful completion of three CPSM exams.


Skills required

We asked other Wholesale and Retail Buyers if they could only have 5 skills, what would they be. Here is what they said.

1. Active Listening what does this mean
2. Speaking what does this mean
3. Persuasion what does this mean
4. Negotiation what does this mean
5. Critical Thinking what does this mean

= Hot in-demand that most employers are looking for


Knowledge required

Just like any other job, you will need certain know-hows to excel at your job. Wholesale and Retail Buyers are generally very knowledgeable in these 5 key areas.

1. Customer and Personal Service what does this mean
2. Administration and Management what does this mean
3. Sales and Marketing what does this mean
4. English Language what does this mean
5. Economics and Accounting what does this mean


Learn more about Wholesale and Retail Buyers

Summary
Job Description
Salary
Requirements (You are here)
Quiz

Related to Wholesale and Retail Buyers Requirements

Wholesale and Retail Buyers requirements, how to become Wholesale and Retail Buyers, degree required to be a Wholesale and Retail Buyer, Wholesale and Retail Buyers license and certifications, majors to be a Wholesale and Retail Buyer, is it hard to become a Wholesale and Retail Buyer and how long does it take


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