2020 Not sure how to choose the best career for you? in Psychology with an Emphasis in Human Factors, M.Ed. Now, you can predict which career will satisfy you in the long term by taking a scientifically validated career test. The median annual salary for buyers and purchasing agents was $69,600 in 2019. Share. 3 things you need to become a buyer. They should also have strong negotiation, math and computer skills. Retail Category Managers: A Retail Category Manager is a Procurement Professional responsible for a certain category of goods at a retailer (or wholesaler). A retail buyer bases his or her decisions on information from the sales staff to find out what customers want to buy and how much they are willing to spend, using sales reports and market research to figure out what to order. An experienced purchasing agent or buyer may become an assistant purchasing manager before advancing to purchasing manager, supply manager, or director of materials management. What Should Aspiring Pharmacists Major In? These people have their finger on the pulse of the retail industry. It does project job opportunities for wholesale and retail buyers, which it expects to increase 9 percent in the next decade -- a slower than average rate. Duties and tasks. Tracking inventory and analyzing data often requires the use of computers and industry-specific software for managing the supply chain. It could be the first rung on your new, fulfilling career ladder. Entry-level jobs as a sales person, cashier, or clerk will get your foot in the door. Top 6 Retail Career Paths by José Gonzalez Several streams of employment are available to students and recent grads seeking access into the retail industry, each one offering unique opportunities and requiring specific skill sets. Study.com, 16 Nov 2020 published. It normally takes about two or three years to achieve each progression. This position can be very rewarding, but it comes with ups and downs, which is why it's good to explore pros and cons of working as a retail buyer before making a final decision. Psychology with an Emphasis in Gerontology, M.S. Retail buyers are professional negotiators who work closely with suppliers to get merchandise of the desired quantity and quality at a price that works for the retail outlet. As the Coronavirus pandemic wreaked havoc both on local but also on the global jobs market, leaving many unemployed, furloughed or working reduced hours as employers implemented sweeping cost-cutting measures and forced closures, I think most of us either working in or supplying to the grocery trade, felt blessed to have taken a career path that involved food and food retail. Career path and progression You could be promoted to senior merchandiser and responsible for sales and budgetary control of a multimillion-pound department and managing a team of people. According to O*Net Online, 74% of reporting logistics managers held a bachelor's degree in 2011 (www.onetonline.org). (Retail Buyer: Job Outlook & Career Information. It's free! This career path sometimes has an industry-hopping aspect to it, but the jump seems more logical and less shocking to outside observers. If you want to become a fashion buyer, you first need to determine if this career path is a good fit for your skills, interests and personality traits. Biomedical Creating a Retail Buyer Career Path. Classes in retail marketing include retail operations, marketing strategy and consumer psychology. A mid-career Buyer with 5-9 years of experience earns an average total compensation of $58,346 based on 2,307 salaries. These workers, based on information from the BLS, were to see a 0% increase in employment between 2019 and 2029. Moving into a senior management position is possible, partic… How to Become a Retail Buyer: Career Path Guide. Retail buyers purchase goods for retail stores, department chains or corporate offices to sell to consumers. To enter the field, the BLS stated that you typically need a bachelor's degree in marketing, business or a related field. © copyright 2003-2020 Study.com. Search for degrees and subjects Clear text Search. Purchasing agents, except wholesale, retail, and farm products buy items for the operation of an organization. Career Path Planner. Job Description. Retail buyers are professional negotiators who work closely with suppliers to get merchandise of the desired quantity and quality at a price that works for the retail outlet. You’ll need strong leadership and coaching skills, and the ability to manage others effectively, but it can be quite rewarding and lucrative. The other 44% of retail employees are working behind the scenes in design, marketing, admin, and logistics. The listings below may include sponsored content but are popular choices among our users. Retail. Like retail buyers, they analyze consumer data to understand what people are likely to buy and at what price. You do not have to break the bank to get a degree. Gain the clarity and confidence that comes from understanding your strengths, talents, and preferences, and knowing which path is truly right for you. The role is very important since our business activities cannot begin without the necessary stock. Fashion Buyer Education Training & Advancement: When applying for some fashion buyer jobs, some may require fashion or business degrees. Earn Transferable Credit & Get your Degree. Working in a fashion job is a popular career choice, from selling to buying, ... “A retail buyer needs a clear understanding of the customers they’re buying for, the prices they’re willing to pay and the likely demand for products,” said Jane Rexworthy, Head of the National Skills Academy for Retail. A career in merchandising offers an interesting mix of interaction with data and interaction with people. During the same decade, jobs for advertising, promotions and marketing managers will grow 14 percent, on par with the national average. Explore the career requirements for retail buyers. Fast track your career with top tips from buyers at Barneys New York, Bergdorf Goodman, Lane Crawford, Matchesfashion.com and Ssense. Licenses/Certifications There are several certifications available for buyers and purchasing agents. A merchandiser might be using specialist computer programs to monitor sales and stock statistics one minute, and then using their communication skills the next minute to liaise with store managers, buyers and even customers, to understand their wants, needs and buying trends. Here are some of the available jobs posted on CareerBuilder.com in April 2012. A Los Angeles fashion retailer wanted a retail buyer with an understanding of teen and junior's clothing and accessories. 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