Retail Buyer Education Requirements


A retail buyer works in the business of buying retail products and is keen on following the trends in retail shopping. The retail buyer essentially works as a middleman to sell the bought goods back to public. In order to become a retail buyer, candidates must know the kind of demand among different segments of the society. It needs a serious interest in collecting, understanding and analyzing the buyer behavior. They also need to operate on computer on various statistical techniques to project the upcoming trend. The work conditions are not fixed and the retail buyer needs to travel across different places quite often. The following are the educational requirements in order to become a retail buyer.

Retail Buyer Educational Requirements

  • Candidates interested to become a retail buyer can pursue a host of courses like masters in business management in sales specialization, bachelors and masters in statistics, retail merchandising degrees, e-commerce management, etc.
  • Candidates must be excellent in supply chain management and they need to skillfully execute their plans.
  • Candidates knowing psychology also are set to perform a good role as a retail buyer.
  • The interested students should also possess strong communication skills and negotiation skills.
  • Candidates must be adaptable to different work timings and travelling to multiple locations at short intervals.

Retail Buyer Degree, Courses, and Certifications

Candidates can opt for any of the following courses if they want to be successful in the field of a retail buyer:

  • BS in Business Administration – Purchasing
  • BA in Fashion Merchandising
  • Graduate Certificate – E-Commerce Management
  • AA in Business Administration
  • MBA in Marketing

Retail Buyer Qualifications and Training

Candidates, apart from gaining regular full time education, can also opt for classes in retail marketing, retail buying, etc. Candidates are taught ways of using marketing and sales tactics in domestic and big retail buying. Candidates with work experience in retail are given preference over the others.

Retail Buyer Colleges and Universities

Retail Buyer Wages and Salaries

Those candidates who are interested to become retail buyers must concentrate on sectors such as retail or wholesale distribution, retail departmental stores, apparel retail stores, clothing and retail grocery. The compensation of a retail buyer ranges between $29,000 and $87,000. The salary comprises of the profit sharing according to the profits obtained in the firm every quarter or year. Bonus and commission also form a significant portion of the total compensation. These salary estimates are taken from the Pay Scale website.

 

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Retail Interview Questions

Category: Sales Education Requirements

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