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Career and Education Opportunities for Wholesale Buyers in Chicago, Illinois

Many educational and employment opportunities exist for wholesale buyers in the Chicago, Illinois area. There are currently 9,500 working wholesale buyers in Illinois; this should shrink by 2% to 9,320 working wholesale buyers in the state by 2016. This is better than the national trend for wholesale buyers, which sees this job pool shrinking by about 2.2% over the next eight years. Wholesale buyers generally buy merchandise or commodities, other than farm products, for resale to consumers at the wholesale or retail level, including both durable and nondurable goods.

Wholesale buyers earn approximately $23 hourly or $49,640 per year on average in Illinois. Nationally they average about $23 hourly or $48,710 annually. Compared with people working in the overall category of Representation, people working as wholesale buyers in Illinois earn less. They earn less than people working in the overall category of Representation nationally. People working as wholesale buyers can fill a number of jobs, such as: purchasing manager, print buyer, and department manager.

There are 180 schools of higher education in the Chicago area, including eleven within twenty-five miles of Chicago where you can get a degree to start your career as a wholesale buyer. Wholesale buyers usually hold some college courses, so you can expect to spend a short time studying to be a wholesale buyer if you already have a high school diploma.

CAREER DESCRIPTION: Wholesale Buyer

Wholesale Buyer video from the State of New Jersey Dept. of Labor and Workforce Development

In general, wholesale buyers buy merchandise or commodities, other than farm products, for resale to consumers at the wholesale or retail level, including both durable and nondurable goods. They also analyze past buying trends, sales records, and quality of merchandise to determine value and yield.

Wholesale buyers examine orders, and purchase products consistent with quality, quantity, specification requirements, and other factors. They also set or recommend mark-up rates, mark-down rates, and selling prices for products. Equally important, wholesale buyers have to interview and work closely with vendors to obtain and design desired products. They are often called upon to negotiate prices, discount terms, and transportation arrangements for products. Finally, wholesale buyers talk with sales and purchasing personnel to obtain data related to customer needs and preferences.

Every day, wholesale buyers are expected to be able to articulate ideas and problems. They need to think through problems and come up with general rules. It is also important that they listen to and understand others in meetings.

It is important for wholesale buyers to analyze and monitor sales records, trends and economic conditions to anticipate consumer buying patterns and decide on what the company will sell and how much inventory is needed. They are often called upon to use computers to organize and locate inventory, and operate spreadsheet and word processing software. They also conduct staff meetings with sales personnel to introduce new products. They are sometimes expected to inspect products or products to establish value or yield. Somewhat less frequently, wholesale buyers are also expected to authorize payment of invoices or return of products.

Wholesale buyers sometimes are asked to train and supervise sales and clerical staff. and furnish clerks with data to print on price tags, such as price, mark-ups or mark-downs and style number. And finally, they sometimes have to examine orders, and purchase products consistent with quality, quantity, specification requirements, and other factors.

Like many other jobs, wholesale buyers must have exceptional integrity and be able to deal with stress and deal with situations calmly.

Similar jobs with educational opportunities in Chicago include:

  • Agent. Represent and promote artists, performers, and athletes to prospective employers. May handle contract negotiation and other business matters for clients.

EDUCATIONAL OPPORTUNITIES: Wholesale Buyer Training

College of DuPage - Glen Ellyn, IL

College of DuPage, 425 Fawell Blvd., Glen Ellyn, IL 60137-6599. College of DuPage is a large college located in Glen Ellyn, Illinois. It is a public school with primarily 2-year programs and has 25,668 students. College of DuPage has 2 areas of study related to Wholesale Buyer. They are:

  • Sales, Distribution, and Marketing Operations, less than one year, one to two year, and associate's degree which graduated eight, three, and four students respectively in 2008.
  • Fashion Merchandising, one to two year and associate's degree which graduated four and ten students respectively in 2008.

Harper College - Palatine, IL

Harper College, 1200 W Algonquin Rd, Palatine, IL 60067-7398. Harper College is a large college located in Palatine, Illinois. It is a public school with primarily 2-year programs and has 15,250 students. Harper College has 2 areas of study related to Wholesale Buyer. They are:

  • Sales, Distribution, and Marketing Operations, less than one year which graduated 8 students in 2008.
  • Fashion Merchandising, associate's degree which graduated 3 students in 2008.

Westwood College-Dupage - Woodridge, IL

Westwood College-Dupage, 7155 Janes Avenue, Woodridge, IL 60517. Westwood College-Dupage is a small college located in Woodridge, Illinois. It is a private for-profit school with primarily 4-year or above programs. It has 659 students and an admission rate of 37%. Westwood College-Dupage has an associate's degree and a bachelor's degree program in Fashion Merchandising.

Dominican University - River Forest, IL

Dominican University, 7900 W Division St, River Forest, IL 60305. Dominican University is a small university located in River Forest, Illinois. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,413 students and an admission rate of 85%. Dominican University has a bachelor's degree program in Fashion Merchandising which graduated seven students in 2008.

The Illinois Institute of Art-Chicago - Chicago, IL

The Illinois Institute of Art-Chicago, 350 N Orleans St, Chicago, IL 60654-1593. The Illinois Institute of Art-Chicago is a small school located in Chicago, Illinois. It is a private for-profit school with primarily 4-year or above programs. It has 2,900 students and an admission rate of 48%. The Illinois Institute of Art-Chicago has 2 areas of study related to Wholesale Buyer. They are:

  • Fashion Merchandising, associate's degree which graduated 7 students in 2008.
  • Apparel and Accessories Marketing Operations, bachelor's degree which graduated 114 students in 2008.

Westwood College-O'Hare Airport - Chicago, IL

Westwood College-O'Hare Airport, 8501 W. Higgins Road Suite 100, Chicago, IL 60634. Westwood College-O'Hare Airport is a small college located in Chicago, Illinois. It is a private for-profit school with primarily 4-year or above programs. It has 676 students and an admission rate of 48%. Westwood College-O'Hare Airport has an associate's degree and a bachelor's degree program in Fashion Merchandising.

Westwood College-River Oaks - Calumet City, IL

Westwood College-River Oaks, 80 River Oaks Ctr-Ste 111, Calumet City, IL 60409. Westwood College-River Oaks is a small college located in Calumet City, Illinois. It is a private for-profit school with primarily 4-year or above programs. It has 629 students and an admission rate of 37%. Westwood College-River Oaks has an associate's degree and a bachelor's degree program in Fashion Merchandising.

Oakton Community College - Des Plaines, IL

Oakton Community College, 1600 E Golf Rd., Des Plaines, IL 60016-1268. Oakton Community College is a large college located in Des Plaines, Illinois. It is a public school with primarily 2-year programs and has 10,552 students. Oakton Community College has a less than one year program in Sales, Distribution, and Marketing Operations which graduated one student in 2008.

International Academy of Design and Technology - Chicago, IL

International Academy of Design and Technology, One North State Street - Suite 500, Chicago, IL 60602-3300. International Academy of Design and Technology is a small school located in Chicago, Illinois. It is a private for-profit school with primarily 4-year or above programs and has 2,080 students. International Academy of Design and Technology has an associate's degree and a bachelor's degree program in Fashion Merchandising which graduated twenty-three and 110 students respectively in 2008.

Triton College - River Grove, IL

Triton College, 2000 5th Ave, River Grove, IL 60171-1995. Triton College is a large college located in River Grove, Illinois. It is a public school with primarily 2-year programs and has 15,547 students. Triton College has a one to two year program in Fashion Merchandising which graduated one student in 2008.

The Illinois Institute of Art-Schaumburg - Schaumburg, IL

The Illinois Institute of Art-Schaumburg, 1000 Plaza Drive Ste. 100, Schaumburg, IL 60173-4913. The Illinois Institute of Art-Schaumburg is a small school located in Schaumburg, Illinois. It is a private for-profit school with primarily 4-year or above programs. It has 1,257 students and an admission rate of 47%. The Illinois Institute of Art-Schaumburg has an associate's degree program in Fashion Merchandising.

LICENSES

FUR BUYERS, RETAIL AND WHOLESALE

Licensing agency: Illinois Department of Natural Resources
Address: One Natural Resources Way, Springfield, IL 62702-1271

Phone: (217) 785-3423
Website: Illinois Department of Natural Resources

PROCESSED WILD GAME FOOD DEALER

Licensing agency: Illinois Department of Natural Resources
Address: One Natural Resources Way, Springfield, IL 62702-1271

Phone: (217) 785-3423
Website: Illinois Department of Natural Resources

LOCATION INFORMATION: Chicago, Illinois

Chicago, Illinois
Chicago, Illinois photo by Dschwen

Chicago is situated in Cook County, Illinois. It has a population of over 2,853,114, which has shrunk by 1.5% in the past ten years. The cost of living index in Chicago, 114, is well above the national average. New single-family homes in Chicago are valued at $200,500 on average, which is far less than the state average. In 2008, three hundred eighty-one new homes were built in Chicago, down from eight hundred seventy the previous year.

The three big industries for women in Chicago are health care, educational services, and professional, scientific, and technical services. For men, it is construction, professional, scientific, and technical services, and accommodation and food services. The average commute to work is about 35 minutes. More than 25.5% of Chicago residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 10.0%, is higher than the state average.

The unemployment rate in Chicago is 11.6%, which is greater than Illinois's average of 10.5%.

The percentage of Chicago residents that are affiliated with a religious congregation, 57.6%, is more than both the national and state average. Southlawn United Methodist Church, Southern Missionary Baptist Church and Lakeside Evangelical Church are all churches located in Chicago. The most common religious groups are the Catholic Church, the Muslim Estimate and the Lutheran Church.

Chicago is home to the Five Crossings and the Wrigley Field as well as Monticello Park and Wilson Playground. Shopping centers in the area include Lincoln Village Shopping Center, Market Place at Six Corners Shopping Center and Kimbark Plaza Shopping Center. Visitors to Chicago can choose from Extended Stay America, Embassy Suites Lakefront and Cottage Inn for temporary stays in the area.