The average salary for a Senior Buyer is $70,462.
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What Do Senior Buyers Do?
The senior buyer is responsible for negotiating long-term and short-term transactions with vendors. This position also plans and incorporates strategic purchasing plans company-wide. The senior buyer is also responsible for collecting and gathering data on potential suppliers and carriers. In addition, they schedule shipping times and manage the requirements of freight travel. They also disperse information about purchasing and sales to the necessary members of production, purchasing, and sales …Read more
Senior Buyer Tasks
- 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 Senior Buyer
Popular Employer Salaries for Senior Buyer
The top respondents for the job title Senior Buyer are from the companies UTC Aerospace Systems, L-3 Communications and Medtronic, Inc.. Reported salaries are highest at Abbott Laboratories where the average pay is $87,954. Other companies that offer high salaries for this role include UTC Aerospace Systems and Medtronic, Inc., earning around $83,314 and $80,030, respectively. South Nassau Communities Hospital pays the lowest at around $56,000. Kohler, Co. and United Technologies Corporation also pay on the lower end of the scale, paying $66,400 and $73,522, respectively.
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Somewhat common (8 - 20%)
Senior Buyer Job Listings
What Are Popular Skills for Senior Buyers?
Skills in Negotiation, Supplier Management, Sourcing and Contract Negotiation are correlated to pay that is above average. Skills that pay less than market rate include Procurement.
What is the Pay by Experience Level for Senior Buyers?
An entry-level Senior Buyer with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $57,961 based on 7 salaries. An early career Senior Buyer with 1-4 years of experience earns an average total compensation of $63,892 based on 472 salaries. A mid-career Senior Buyer with 5-9 years of experience earns an average total compensation of $69,848 based on 976 salaries. An experienced Senior Buyer with 10-19 years of experience earns an average total compensation of $72,531 based on 1,245 salaries. In their late career (20 years and higher), employees earn an average total compensation of $73,391.
Pay Difference by Location
Employees with Senior Buyer in their job title in New York, New York earn an average of 15.9% more than the national average. These job titles also find higher than average salaries in Chicago, Illinois (10.7% more) and Houston, Texas (5.7% more). The lowest salaries can be found in Portland, Oregon (6.9% less).
Years of Experience
This data is based on 3,605 survey responses.