Career and Education Opportunities for Wholesale Buyers in Indianapolis, Indiana
Wholesale buyers can find both educational opportunities and jobs in the Indianapolis, Indiana area. There are currently 2,120 working wholesale buyers in Indiana; this should shrink 1% to about 2,100 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. 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.
Wholesale buyers earn about $20 per hour or $42,850 yearly on average in Indiana and about $23 hourly or $48,710 per year on average nationally. Compared with people working in the overall category of Representation, people working as wholesale buyers in Indiana 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: resident buyer, art dealer, and assistant merchandise buyer.
The Indianapolis area is home to thirty-six schools of higher education, including two within twenty-five miles of Indianapolis where you can get a degree as a wholesale buyer. The most common level of education for wholesale buyers is some college courses. 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
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 Indianapolis 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
The Art Institute of Indianapolis - Indianapolis, IN
The Art Institute of Indianapolis, 3500 DePauw Blvd Suite 1010, Indianapolis, IN 46268. The Art Institute of Indianapolis is a small school located in Indianapolis, Indiana. It is a private for-profit school with primarily 4-year or above programs. It has 602 students and an admission rate of 91%. The Art Institute of Indianapolis has a bachelor's degree program in Apparel and Accessories Marketing Operations.
Indiana Business College-Indianapolis - Indianapolis, IN
Indiana Business College-Indianapolis, 550 East Washington Street, Indianapolis, IN 46204. Indiana Business College-Indianapolis is a small college located in Indianapolis, Indiana. It is a private for-profit school with primarily 4-year or above programs. It has 1,920 students and an admission rate of 89%. Indiana Business College-Indianapolis has an associate's degree program in Fashion Merchandising which graduated thirteen students in 2008.
LOCATION INFORMATION: Indianapolis, Indiana
Indianapolis is situated in Marion County, Indiana. It has a population of over 798,382, which has grown by 2.1% in the past ten years. The cost of living index in Indianapolis, 80, is well below the national average. New single-family homes in Indianapolis cost $155,400 on average, which is near the state average. In 2008, seven hundred thirty-four new homes were constructed in Indianapolis, down from 1,317 the previous year.
The three big industries for women in Indianapolis are health care, educational services, and accommodation and food services. For men, it is construction, professional, scientific, and technical services, and administrative and support and waste management services. The average travel time to work is about 23 minutes. More than 25.4% of Indianapolis residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 8.7%, is higher than the state average.
The percentage of Indianapolis residents that are affiliated with a religious congregation, 40.3%, is less than both the national and state average. The largest religious groups are the Catholic Church, the United Methodist Church and the Christian Churches and Churches of Christ.