Senior Buyer, Retail Salary

More than half of Senior Retail Buyers in the United States have been in the field for more than 10 years. Pay can fall anywhere from $38K to $123K per year, but median earnings come to around $66K annually. Most enjoy medical while the greater part get dental coverage. Vision coverage is also available to just over two-fifths. Job satisfaction for Senior Retail Buyers is high. More than half of Senior Retail Buyers (60 percent) survey participants are women. This report is based on responses to the PayScale salary survey.

$39,924 - $114,441
(Median)
$40K
$66K
$110K
MEDIAN: $65,594
10%
50%
90%

Add this chart to your site: 640px    300px

$11.77 - $45.15
(Median)
$12
$20
$45
MEDIAN: $20
10%
50%
90%

Add this chart to your site: 640px    300px

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$50K$100K$150K
Salary
$39,924 - $114,441  
   
Bonus
$0.00 - $24,062  
Profit Sharing
$1,221 - $2,916  
Commission
$850 - $15,500  
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).
)
$38,311 - $123,064  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 220
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$25$50$75
Hourly Rate
$11.77 - $45.15  
   
Overtime
$20.63 - $33.50  
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$50K$100K$150K
Bonus
$0.00 - $24,062  
   
Commission
$850 - $15,500  
Profit Sharing
$1,221 - $2,916  
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).
)
$38,311 - $123,064  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 23
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:


Survey results show that Senior Retail Buyers typically report just a few professional skills. 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.


For Senior Retail Buyers, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Individuals who have worked for fewer than five years bring in approximately $60K on average. Those in the five-to-10 year range can expect an average that is only a touch bigger at $61K. Senior Retail Buyers claiming one to two decades of experience make an estimated median of $78K. Senior Retail Buyers who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $81K.

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 22%

Experienced
up arrow 18%

National Average
$67,000

Mid-Career
up arrow 9%

Entry-Level
up arrow 10%

Skills That Affect Senior Buyer, Retail Salaries

National Average
$67,000

Microsoft Excel
up arrow 10%

Inventory Management
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 54 votes.

Gender

Female
60 %
Male
40 %

Years of Experience

1-4 years
15%
5-9 years
31%
10-19 years
30%
20 years or more
25%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 70%
vision benefits Vision: 44% employee benefits None: 17%
ADVERTISEMENT