Senior Buyer, Retail Salary

With just below three-fifths of Senior Retail Buyers in the United States reporting more than 10 years of experience in the field, this area is heavily weighted toward experienced professionals. Pay ranges from $35K to $124K per year and averages out to $66K per year. Health benefits are not enjoyed by everyone in this line of work, and roughly one in four lack any coverage at all. Medical benefits are reported by a fair number and dental coverage is claimed by a majority. Job satisfaction for Senior Retail Buyers is high. Women Senior Retail Buyers who took the survey just slightly outnumber men. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

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

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

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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
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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.

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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


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For Senior Retail Buyers, career advancements do not tend to correlate with a rise in salary. On average, lower-level Senior Retail Buyers earn similar salaries to those in higher-end positions like Senior Buyer.

Senior Buyer, Retail Job Listings

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Senior Retail Buyers note just a narrow range of job skills. Inventory Management and Microsoft Excel are considered valuable skills and can increase employee pay. Skills that seem to negatively impact pay 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 many Senior Retail Buyers, more experience generally translates to higher pay. Salaries for inexperienced workers average out to $60K, and those with five to 10 years' experience earn a higher median of $54K. Senior Retail Buyers who work for 10 to 20 years in their occupation tend to earn about $78K. Senior Retail Buyers with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $84K.

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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%
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