Senior Buyer, Retail Salary

With more than half 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 $38K to $122K per year and averages out to $64K per year. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 56 percent. A large number report receiving medical coverage from their employers and more than half collect dental insurance. Most Senior Retail Buyers report high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$39,594 - $111,457
(Median)
$40K
$64K
$110K
MEDIAN: $64,011
10%
50%
90%

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$11.79 - $45.00
(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
$39,594 - $111,457  
   
Bonus
$0.00 - $20,386  
Profit Sharing
$1,221 - $2,916  
Commission
$1,017 - $10,809  
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).
)
$38,314 - $122,178  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 248
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
$11.79 - $45.00  
   
Overtime
$13.59 - $38.74  
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 - $20,386  
   
Commission
$1,017 - $10,809  
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).
)
$38,314 - $122,178  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 24

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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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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

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Survey takers who work as Senior Retail Buyers usually report a few specific skills. Microsoft Excel and Inventory Management are considered valuable skills and can increase employee pay. Skills that pay less than market rate include Inventory Management and Microsoft Excel.

Pay by Experience Level for Senior Buyer, Retail

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


More years of relevant experience do not necessarily translate to higher paychecks. Salaries for inexperienced workers average out to $60K, and those with five to 10 years' experience earn a higher median of $59K. Senior Retail Buyers claiming one to two decades of experience make an estimated median of $77K. Senior Retail Buyers who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $78K.

Related Job Salaries

United States (change)

Experience Affects Senior Buyer, Retail Salaries

Late-Career
up arrow 19%

Experienced
up arrow 18%

National Average
$65,000

Mid-Career
up arrow 8%

Entry-Level
up arrow 9%

Skills That Affect Senior Buyer, Retail Salaries

National Average
$65,000

Microsoft Excel
up arrow 3%

Inventory Management
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 71 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

1-4 years
14%
5-9 years
33%
10-19 years
30%
20 years or more
23%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 69%
vision benefits Vision: 46% employee benefits None: 17%