Wholesale & Retail Buyers

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Wholesale & Retail Buyers

Careers / Wholesale & Retail Buyers

Job Description


	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.

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Job Requirements


	Experience: Previous work-related skill, knowledge, or experience is required for these occupations. For example, an electrician must have completed 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.

	Education: Most occupations in this zone require training in vocational schools, related on-the-job experience, or an associate's degree. Some may require a bachelor's degree.

	Training: Employees in these occupations usually need one or two years of training involving both on-the-job experience and informal training with experienced workers.

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Significant Points


	(Abstract from Career Articles)

	Purchasing Managers, Buyers, and Purchasing Agents

Forty-three percent are employed in wholesale trade or manufacturing establishments. Some firms promote qualified employees to these positions, while other employers recruit college graduates; regardless of academic preparation, new employees need 1 to 5 years to learn the specifics of their employer's business. Overall employment growth is expected to be slower than average. Opportunities should be best for those with a college degree.
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Top Ten Industries

U.S. National Figures.

Wholesale and retail buyers, except farm products
Management of Companies and Enterprises	16,090
Wholesale Electronic Markets and Agents and Brokers	7,700
Grocery and Related Product Merchant Wholesalers	7,230
Grocery Stores	5,370
Machinery, Equipment, and Supplies Merchant Wholesalers	4,920
Automobile Dealers	4,360
Building Material and Supplies Dealers	4,350
Professional and Commercial Equipment and Supplies Merchant Wholesalers	4,100
Electrical and Electronic Goods Merchant Wholesalers	3,840
Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers	3,280

Career Video

Title: "Wholesale and Retail Buyers, except Farm Products"

Duration: 01:48

Related Careers

	Market Research Analysts

	Public Relations Specialists

	Sales Agents - Securities & Commodities

	Sales Representatives - Technical & Scientific Products

	Sales Representatives - Wholesale & Manufacturing

Salaries

U.S. National Averages.

Wholesale and retail buyers, except farm products
Average Annual Salary	$55,480
Average Hourly Wage	$26.68
Total Employment	116,900