Assistant Buyer Salary
|Salary||$32,934 - $61,876|
|Bonus||$0.00 - $5,793|
|Profit Sharing||$0.00 - $11,157|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$30,149 - $60,493|
|Hourly Rate||$12.42 - $23.00|
|Overtime||$17.79 - $37.85|
|Bonus||$0.00 - $5,793|
|Profit Sharing||$0.00 - $11,157|
|Total Pay (||$30,149 - $60,493|
Job Description for Assistant Buyer
An assistant buyer works closely with vendors, maintaining positive relationships while negotiating specs, pricing, and deadlines. They must be able to work independently and prioritize job duties, as well as prepare cost analyses and competitive retail strategies. They must be able to develop sales and profit margin plans, as well as maintain margin and determine turnover objectives.Read More...
Communication skills are a vital part of being an assistant buyer. They must communicate with merchandise departments, logistics, finance, operations, clubs, and vendors to provide information and problem solve. Assistant buyers, who work in a variety of industries, are expected to communicate with all people involved in the buying process and deal with any problems that may arise. Many assistant buyers are required to travel to different areas to attend vendor meetings and check competitors' pricing. It is important to have transportation and be familiar with the area(s) relevant to their work and purchasing.
Most companies expect assistant buyers to have a bachelor's degree in business or equivalent experience; many require a bachelor's or one to three years of experience in retail buying, allocation, or replenishment. Many companies also prefer retail operations experience. Assistant buyers must have organizational skills, as well as the ability to multitask. They must possess a strong knowledge of the Microsoft Office software suite and be able to create specialized spreadsheets through Excel.
Assistant Buyer Tasks
- Assist buyers and managers with writing purchase orders, buying merchandise, and managing inventory.
- Research suppliers to determine which ones fit company pricing and quality objectives.
- Advise retail outlets how to price products based on purchase price and market trends.
Common Career Paths for Assistant Buyer
While Assistant Buyers do not often become Category Managers, the job pays $80K per year on average. When Assistant Buyers are ready for the next step in their careers, they often become Buyers or Associate Buyers. Those roles pay an additional $4K and $6K, respectively.
Assistant Buyer Job Listings
Popular Employer Salaries for Assistant Buyer
Well-known firms with a reputation for hiring numerous Assistant Buyers include Zulily, Neiman Marcus Group Inc., Macy's, Inc., Ross Stores, Inc, and Sears Holdings Corporation. The biggest paychecks can be found at Ross Stores, Inc — the median salary there is $73K. Other big spenders include Nordstrom, Inc., Macy's, Inc., and Bed Bath & Beyond Inc, top-paying firms where Assistant Buyers see paychecks nearing $72K, $56K, or $52K.
Relative to other names in the field, compensation is very low at Zulily — the median salary comes to just $43K, 70 percent lower than the top payer. Others at the bottom of the scale for this job include Neiman Marcus Group Inc. at $43K, Belk, Inc. at $44K, and Sears Holdings Corporation, where $51K is the norm.
Popular Skills for Assistant Buyer
Survey takers working as Assistant Buyers report using a large range of professional skills. Most notably, skills in Merchandising, Negotiation, Data Analysis, and Vendor Relations are correlated to pay that is above average. Those listing Order Inventory as a skill should be prepared for drastically lower pay. Oral / Verbal Communication and Data Entry also typically command lower compensation. Those familiar with Data Analysis also tend to know Merchandising.
Pay by Experience Level for Assistant Buyer
Pay by Experience for an Assistant Buyer has a positive trend. An entry-level Assistant Buyer with less than 5 years of experience can expect to earn an average total compensation of $41,000 based on 606 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Assistant Buyer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $45,000 based on 145 salaries. An experienced Assistant Buyer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $46,000 based on 55 salaries. An Assistant Buyer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $63,000 based on 14 salaries.
Pay Difference by Location
Surpassing the national average by 37 percent, Assistant Buyers in San Francisco receive some of the highest pay in the country. Assistant Buyers will also find cushy salaries in Plano (+29 percent), New York (+25 percent), Union (+10 percent), and Houston (+6 percent). Portland is the lowest-paying area, 18 percent south of the national average. Philadelphia and Los Angeles are a couple other places where companies are known to pay below the median — salaries are 4 percent lower and 3 percent lower, respectively.
Assistant Buyer Reviews
Related Job Salaries
Key Stats for Assistant Buyer
Rated 4 out of 5
based on 142 votes.