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Buyer, Technical Products Salary (United States)

Technical Products Buyers in the United States can expect to earn an average of $51K annually. With some bonuses approaching $5K and certain profit sharing proceeds approaching $5K, overall incomes of Technical Products Buyers spread between $35K and $73K depending on individual performance. Career length is the biggest factor affecting pay for this group, followed by geography. Medical benefits are awarded to a strong majority, and a solid majority earn dental coverage. Male Technical Products Buyers are just a bit more common than females ones, with males workers composing 50 percent of the field. Job satisfaction for Technical Products Buyers is high. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
Buyer, Technical Products Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$37,613 - $72,660
(Median)
38K
44K
51K
62K
73K
MEDIAN: $50,992
10%
25%
50%
75%
90%
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Buyer, Technical Products Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$12.79 - $26.56
(Median)
13
15
19
22
27
MEDIAN: $18.00
10%
25%
50%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25K$50K$75K
Salary
$37,613 - $72,660  
   
Bonus
$0.00 - $5,180  
Profit Sharing
$304.10 - $4,827  
Commission
$0.00 - $4,069  
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).
)
$35,101 - $72,699  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 802
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$14$28$42
Hourly Rate
$12.79 - $26.56  
   
Overtime
$14.98 - $39.15  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$28K$56K$84K
Bonus
$0.00 - $5,180  
   
Commission
$0.00 - $4,069  
Profit Sharing
$304.10 - $4,827  
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).
)
$35,101 - $72,699  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 190
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Job Description for Buyer, Technical Products

Buyers of technical products oversee the purchase of raw materials and technical equipment necessary for effective manufacturing. After project managers outline the manufacturing processes, the buyer for the technical products must help determine the raw materials needed and begin the purchasing process. They need to understand the specifications of these materials (for instance what kind of metal used for an airframe or for I-beams in the construction process). Buyers of technical products also have to follow the production schedule so that the necessary materials are on hand when they are needed, not stored on site for months beforehand or arriving days late holding up other workers. Developing productive relationships with vendors and suppliers is important in this position; buyers must also be able to hold vendors accountable to their side of the agreements. These professionals' skills at product research and vendor relationships help contribute to reducing overall costs of manufacturing and production as well. Buyers of technical products also verify shipments and work with accounting professionals to make sure invoices are paid according to contract.
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Buyer, Technical Products Tasks
  • Ensure that orders are delivered on time and at cost.
  • Resolve billing and shipping problems and provide information to suppliers.
  • Identify suppliers, select merchandise and negotiate bills of sale for a business.
  • Inspect deliveries for shipping errors, improper handling, or quality issues.

Common Career Paths for Buyer, Technical Products

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Technical Products Buyers sometimes assume positions such as Commodity Managers. That role typically pays $81K per year. A Purchasing Agent role is the most prevalent career advancement for Technical Products Buyers. Paychecks for that role are $42K on average. The Senior Buyer position is another common transition for Technical Products Buyers; in this role, salaries are typically at the $64K mark.

Buyer Job Listings

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Popular Skills for Buyer, Technical Products

Technical Products Buyers report using a wide range of professional skills. Most notably, skills in Supply Chain, SAP Materials Management , Contract Negotiation, and Inventory Control are correlated to pay that is above average, with boosts of 11 percent, 9 percent, 7 percent, and 7 percent, respectively. Those educated in Microsoft Excel tend to be well versed in Materials Requirement Planning (MRP) and Contract Negotiation.

Pay by Experience Level for Buyer, Technical Products

Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Technical Products Buyers, more experience in the field does not usually mean bigger paychecks. The median compensation for relatively untried workers is $47K; in the five-to-10 year group, it's higher at around $51K. For Technical Products Buyers, 10 to 20 years of experience on the job amounts to an average salary of $54K. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $59K. In this field, workers tend to have anywhere from one to nine years of experience — of those surveyed, a majority land within this range. Experienced employees who have 10-20 years of experience make up nearly one in four of the workforce; inexperienced individuals who have been working for less than one year comprise less than five percent, and senior people with more than 20 years under their belt fill out the remaining about one in ten.

Pay Difference By Location

Detroit
up arrow 26%
up arrow 10%
San Diego
up arrow 4%
National Average
$50,000
Larger circles over a city indicate a job is popular in that location.
Detroit offers some of the highest pay in the country for Technical Products Buyers, 26 percent above the national average. Technical Products Buyers will also find cushy salaries in Houston (+10 percent) and San Diego (+4 percent).

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Experience Affects Buyer, Technical Products Salaries

National Average
$50,000

Skills That Affect Buyer, Technical Products Salaries

Inventory Control
up arrow 6%
Materials Requirement Planning (MRP)
up arrow 3%
Microsoft Excel
up arrow 1%
National Average
$50,000

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 250 votes.

Gender

Female
50%
female alumni
 
Male
50%
male alumni

Years of Experience

Less than 1 year
5%
1-4 years
32%
5-9 years
30%
10-19 years
24%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 81%
vision benefits Vision: 64% employee benefits None: 8%