The average salary for a Buyer is $55,124.
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What Do Buyers Do?
Buyers, also known as purchasing agents, work in many different fields. Some common businesses that hire buyers are retail stores, grocery stores, car dealerships, and many others. Buyers work is both mentally and physically challenging. Not only do they have to have very extensive knowledge of the business, they also need to know what kind of products need to be bought. Aside from the mental aspect, buyers often have to physically travel to pick up the items they are buying. They usually work i…Read more
- Identify suppliers, select merchandise and negotiate bills of sale for a business.
- Inspect deliveries for shipping errors, improper handling, or quality issues.
- Ensure that orders are delivered on time and at cost.
- Resolve billing and shipping problems and provide information to suppliers.
Job Satisfaction for Buyer
Popular Employer Salaries for Buyer
The top respondents for the job title Buyer are from the companies CarMax, Inc., The Kroger Company and General Atomics Aeronautical Systems, Inc. Reported salaries are highest at Ross Stores, Inc where the average pay is $110,000. Other companies that offer high salaries for this role include Lockheed Martin Corp and General Electric Co (GE), earning around $64,536 and $59,913, respectively. CarMax, Inc. pays the lowest at around $47,885. US Foods and The Kroger Company also pay on the lower end of the scale, paying $52,823 and $57,381, respectively.
What Are Popular Skills for Buyers?
Skills in Procurement, Vendor Management, Negotiation and Data Analysis are correlated to pay that is above average. Skills that pay less than market rate include Inventory Management.
What is the Pay by Experience Level for Buyers?
An entry-level Buyer with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $49,111 based on 306 salaries. An early career Buyer with 1-4 years of experience earns an average total compensation of $52,491 based on 4,060 salaries. A mid-career Buyer with 5-9 years of experience earns an average total compensation of $57,524 based on 2,514 salaries. An experienced Buyer with 10-19 years of experience earns an average total compensation of $58,548 based on 2,047 salaries. In their late career (20 years and higher), employees earn an average total compensation of $60,621.
Pay Difference by Location
Employees with Buyer in their job title in New York, New York earn an average of 35.2% more than the national average. These job titles also find higher than average salaries in Los Angeles, California (23.0% more) and Seattle, Washington (7.8% more).
Years of Experience
This data is based on 10,007 survey responses.