Senior Buyer, Retail Salary

With just over a half of Senior Retail Buyers in the United States reporting more than 10 years of experience, the field is heavily weighted toward experienced professionals. Average pay for Senior Retail Buyers is $65K per year and can range from $39K on the lower end to $123K per year near the higher end. Women account for the majority of Senior Retail Buyers who responded to the questionnaire — 61 percent to be exact. The majority of workers are highly satisfied with their job. Medical benefits are awarded to a large number, and a majority earn dental coverage. This report is based on responses to the PayScale salary survey.

$40,330 - $115,122
(Median)
$40K
$65K
$120K
MEDIAN: $65,303
10%
50%
90%

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$11.84 - $45.15
(Median)
$12
$20
$45
MEDIAN: $20
10%
50%
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$50K$100K$150K
Salary
$40,330 - $115,122  
   
Bonus
$0.00 - $24,240  
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).
)
$39,246 - $122,982  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 214
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
$11.84 - $45.15  
   
Overtime
$23.65 - $36.36  
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 - $24,240  
   
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).
)
$39,246 - $122,982  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 23
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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.

Senior Buyer, Retail Job Listings

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Job skills reported by Senior Retail Buyers are limited. 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.


Senior Retail Buyers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. At career start (within the first five years), average income sits near $60K, and the average for folks who have worked for five to 10 years is only slightly higher at $61K. Senior Retail Buyers see a median salary of $78K after reaching one to two decades on the job. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $80K.

Related Job Salaries

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Experience Affects Senior Buyer, Retail Salaries

Late-Career
up arrow 20%

Experienced
up arrow 17%

National Average
$66,000

Mid-Career
up arrow 9%

Entry-Level
up arrow 9%

Skills That Affect Senior Buyer, Retail Salaries

National Average
$66,000

Inventory Management
up arrow 10%

Microsoft Excel
up arrow 12%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 51 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

1-4 years
14%
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%
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