Senior Buyer, Retail Salary

Senior Retail Buyers in the United States tend to be well-versed in their field, and slightly less than three-fifths have more than 10 years of experience. Average salary is expected to be around $66K per year, but may range from $35K to $124K per year. Women Senior Retail Buyers who took the survey just slightly outnumber men. Job satisfaction is reported as high by the vast majority of workers. Although a fair number have medical coverage and the greater part have dental coverage, one-fourth claim no health benefits at all. Participants in PayScale's salary questionnaire provided the particulars of this report.

$38,576 - $118,378
(Median)
$39K
$66K
$120K
MEDIAN: $65,845
10%
50%
90%

Add this chart to your site: 640px    300px

$13.92 - $45.78
(Median)
$14
$22
$46
MEDIAN: $21.00
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$38,576 - $118,378  
   
Bonus
$0.00 - $22,500  
Profit Sharing
$1,500  
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).
)
$35,381 - $123,860  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 140
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$13.92 - $45.78  
   
Overtime
$27.00  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$0.00 - $22,500  
   
Profit Sharing
$1,500  
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).
)
$35,381 - $123,860  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 19
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Job Description for Senior Buyer, Retail

Retail stores have a limited space for storage and displays related to the items they carry. This may be especially relevant for department stores and clothing retailers, where there are regular seasonal and style changes that need to be made. The senior retail buyer makes decisions about what items the retail store will buy to sell in its own floor space.The buyer must be aware not only of market trends throughout the industry, but his or her store's brand as well. The buyer typically consults market research data, and they may work with branding managers to ensure that all new merchandise fits with the store and its customers.

Read More...

Senior Buyer, Retail Tasks

  • Assess and evaluate industry trends and sales, and provide analytics and forecasts to support decisions.
  • Define requirements and timing for new merchandise purchasing and distribution.
  • Evaluate existing products and customers and seek new merchandise, and negotiate for the best price and quality.
  • Request and evaluate bids, contextualizing products in line with overall brand.

Common Career Paths for Senior Buyer, Retail


Add this chart to your site:   640px 640px    300px 300px


Senior Retail Buyers who go on to become Senior Buyers may see somewhat stagnant compensation. On average, a Senior Buyer, an upper-level role, pays $65K.

Senior Buyer, Retail Job Listings

Search for more jobs:


Senior Retail Buyers who responded to the survey indicated only a few skills that they use on the job. Inventory Management and Microsoft Excel are considered valuable skills and can increase employee pay. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel and Inventory Management.

Pay by Experience Level for Senior Buyer, Retail

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. The median compensation for relatively untried workers is $54K; in the five-to-10 year group, it's higher at around $60K. On average, Senior Retail Buyers make $78K following one to two decades on the job. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $84K on average.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Senior Buyer, Retail Salaries

Late-Career
up arrow 25%

Experienced
up arrow 16%

National Average
$67,000

Mid-Career
up arrow 11%

Entry-Level
up arrow 19%

Skills That Affect Senior Buyer, Retail Salaries

National Average
$67,000

Microsoft Excel
up arrow 11%

Inventory Management
up arrow 11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 31 votes.

Gender

Female
58 %
Male
42 %

Years of Experience

1-4 years
10%
5-9 years
31%
10-19 years
34%
20 years or more
25%

Common Health Benefits

medical benefits
Medical: 74%
dental benefits
Dental: 64%
medical benefits
Vision: 39%
dental benefits
None: 25%
ADVERTISEMENT