How much does a Buyer make?
Buyers work in many industries and can make a good salary. The average yearly salary for a buyer is $69,258. This means that most buyers earn somewhere close to this amount each year. However, the pay can vary based on experience, skills, and location.
The salary data shows that the lowest 10% of buyers earn less than $35,000, while the top 10% earn more than $127,000. Most buyers fall somewhere in the middle. Some factors that can affect earnings include the industry, the size of the company, and whether the buyer works in a large city or a small town.
What are the highest paying cities for a Buyer?
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Hartford, CT
Average Salary: $96,953
In Hartford, buyers thrive in a dynamic market with a mix of historic and modern businesses. Companies like Travelers and Aetna offer exciting opportunities in insurance and healthcare procurement. Working here means contributing to the state's robust economy.
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San Jose, CA
Average Salary: $89,061
San Jose, a tech hub, presents buyers with chances to work for giants like Apple and Intel. The fast-paced environment demands sharp skills and adaptability. This city promises exciting career growth in the tech world.
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Boulder, CO
Average Salary: $88,726
Buyers in Boulder enjoy a mix of outdoor lifestyle and business. Working with companies like CH2M or Ball Aerospace, they focus on technology and environmental sectors. The picturesque setting enhances work-life balance.
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Seattle, WA
Average Salary: $88,051
Seattle offers buyers a chance to work with tech leaders such as Microsoft and Amazon. The city's innovative spirit and tech-driven economy create a thriving environment. Buyers here deal with cutting-edge products and services.
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Santa Rosa, CA
Average Salary: $87,176
In Santa Rosa, buyers find opportunities with companies like Charles Schwab and Sonoma International. The city’s focus on finance and international trade provides a diverse procurement landscape. Working here means engaging with both local and global markets.
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Minneapolis, MN
Average Salary: $85,512
Minneapolis offers a mix of business and culture for buyers. Companies like 3M and Target provide robust opportunities in manufacturing and retail. The city's strong economy and vibrant community make it an attractive place to work.
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Santa Maria, CA
Average Salary: $85,506
Santa Maria offers a blend of agriculture and business for buyers. Companies like Tyson Foods and Del Monte present opportunities in food production. The agricultural focus provides unique procurement challenges and rewards.
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Washington, DC
Average Salary: $85,383
In Washington, DC, buyers work in a politically vibrant environment. With companies like Northrop Grumman and Lockheed Martin, they engage in defense and aerospace procurement. This city offers a unique blend of politics and industry.
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Huntsville, AL
Average Salary: $83,512
Huntsville offers buyers a chance to work with NASA and various defense contractors. The city’s focus on aerospace and technology provides exciting challenges. Working here means being at the forefront of innovation.
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Peoria, IL
Average Salary: $83,188
Peoria offers a mix of manufacturing and business for buyers. Companies like Caterpillar and OSF HealthCare present diverse opportunities. The city’s strong industrial base provides a solid foundation for procurement careers.
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What are the best companies a Buyer can work for?
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Macy's
Average Salary: $144,707
Macy's, with locations across the U.S., offers buyers a dynamic environment. They focus on sourcing and managing inventory for their wide range of products. Opportunities exist in various departments such as home, apparel, and beauty.
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Caterpillar
Average Salary: $128,303
Caterpillar, a global leader in heavy equipment, offers buyers a chance to work with cutting-edge technology. They operate in many countries, providing a global perspective. Buyers at Caterpillar are key in ensuring the company gets the best deals and products.
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Cushman & Wakefield
Average Salary: $127,675
Cushman & Wakefield, a top commercial real estate services firm, has offices worldwide. They provide buyers with opportunities to specialize in various sectors, including retail and industrial spaces. The company’s global presence allows for diverse experiences.
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Accenture
Average Salary: $126,148
Accenture, a global professional services firm, offers buyers diverse procurement opportunities. They operate in many industries, from technology to healthcare. Buyers work closely with clients to optimize their supply chains.
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Ford Motor Company
Average Salary: $124,544
Ford, a renowned automotive manufacturer, offers buyers a chance to work on exciting projects. They have a presence in many countries and focus on sourcing materials for their vehicles. Opportunities for growth are abundant in their global supply chain.
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Collins Aerospace
Average Salary: $123,754
Collins Aerospace, part of Raytheon Technologies, provides buyers with a chance to work in the aerospace sector. They focus on innovative solutions for aircraft components. Their projects have a global impact, offering dynamic career paths.
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Raytheon
Average Salary: $121,706
Raytheon, a leading defense technology company, offers buyers opportunities to work on cutting-edge projects. They focus on aerospace and defense solutions. Buyers play a crucial role in ensuring the company has the latest technology.
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Solar Turbines
Average Salary: $121,078
Solar Turbines, part of Caterpillar, offers buyers a chance to work in the energy sector. They specialize in turbines for renewable energy. Opportunities include sourcing components and managing global supply chains.
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Blue Origin
Average Salary: $115,868
Blue Origin, a private aerospace manufacturer, offers buyers a unique opportunity to work in space exploration. They focus on developing technologies for space travel. Buyers are crucial in ensuring they get the best materials and components.
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Parker Hannifin
Average Salary: $108,031
Parker Hannifin, a leader in motion and control technologies, offers buyers diverse procurement opportunities. They operate in many industries, from aerospace to industrial. Buyers work on optimizing supply chains for their products.
How to earn more as a Buyer?
A buyer can increase their earning potential through a variety of avenues. One way is to gain specialized knowledge in a particular industry or product line. This expertise allows a buyer to negotiate better deals and secure more favorable terms. Another key factor is building strong relationships with suppliers and vendors, which can lead to exclusive pricing and better service.
Expanding one's professional network can also play a critical role. Networking allows buyers to learn from peers, discover new opportunities, and gain insights into industry trends. Experience and a strong performance record can lead to promotions and higher salary brackets. Continuous learning through courses and certifications can make a buyer more attractive to employers and open doors to higher-paying roles.
Here are five factors to consider for increasing earnings as a buyer:
- Gain specialized industry knowledge
- Build strong supplier relationships
- Expand professional network
- Accumulate experience and a strong performance record
- Pursue continuous learning and certifications
