Career and Education Opportunities for Wholesale Buyers in Baltimore, Maryland
For those living in the Baltimore, Maryland area, there are many career and education opportunities for wholesale buyers. About 2,600 people are currently employed as wholesale buyers in Maryland. By 2016, this is expected to grow 1% to about 2,620 people employed. This is better than the nation as a whole, where employment opportunities for wholesale buyers are expected to shrink by about 2.2%. 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 $23 hourly or $49,060 annually on average in Maryland and about $23 per hour or $48,710 per year on average nationally. Compared with people working in the overall category of Representation, people working as wholesale buyers in Maryland earn less. They earn less than people working in the overall category of Representation nationally. Jobs in this field include: internal wholesaler, merchandise planner, and head of merchandise buying.
There are two schools within twenty-five miles of Baltimore where you can study to be a wholesale buyer, among 102 schools of higher education total in the Baltimore area. The most common level of education for wholesale buyers is some college courses. It will take a short time to learn 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 Baltimore 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
Howard University - Washington, DC
Howard University, 2400 Sixth St NW, Washington, DC 20059-0001. Howard University is a large university located in Washington, District of Columbia. It is a private not-for-profit school with primarily 4-year or above programs. It has 10,696 students and an admission rate of 49%. Howard University has a bachelor's degree program in Fashion Merchandising which graduated sixteen students in 2008.
Marymount University - Arlington, VA
Marymount University, 2807 N Glebe Rd, Arlington, VA 22207-4299. Marymount University is a small university located in Arlington, Virginia. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,541 students and an admission rate of 84%. Marymount University has a bachelor's degree program in Fashion Merchandising which graduated twenty-seven students in 2008.
LOCATION INFORMATION: Baltimore, Maryland
Baltimore is located in Baltimore City County, Maryland. It has a population of over 636,919, which has shrunk by 2.2% in the past ten years. The cost of living index in Baltimore, 96, is near the national average. New single-family homes in Baltimore cost $139,700 on average, which is well below the state average. In 2008, one hundred fifty-three new homes were built in Baltimore, down from two hundred four the previous year.
The top three industries for women in Baltimore are health care, educational services, and public administration. For men, it is construction, educational services, and public administration. The average travel time to work is about 31 minutes. More than 19.1% of Baltimore residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 8.7%, is lower than the state average.
The unemployment rate in Baltimore is 10.8%, which is greater than Maryland's average of 7.2%.
A W Wilson Memorial United Methodist Church, Abbott Memorial Presbyterian Church and Rogers Avenue Synagogue are all churches located in Baltimore.
Baltimore is home to the Governors Yacht Club and the Oriole Park at Camden Yards as well as Venable Park and Eutaw-Madison Apartment House Historic District. Shopping centers in the area include Alameda Shopping Center, Village Square of Cross Keys Shopping Center and Waverly Tower Shopping Center. Visitors to Baltimore can choose from Four Seasons Complete Camper Care Center, Knights Inn and Hilton & Towers for temporary stays in the area.