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Career and Education Opportunities for Wholesale Buyers in Cambridge, Massachusetts

There is a wide variety of career and education opportunities for wholesale buyers in the Cambridge, Massachusetts area. About 5,680 people are currently employed as wholesale buyers in Massachusetts. By 2016, this is expected to shrink 7% to 5,300 people employed. This is not quite as good as the nation as a whole, where employment opportunities for wholesale buyers are expected to shrink by about 2.2%. 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.

A person working as a wholesale buyer can expect to earn about $26 hourly or $54,280 annually on average in Massachusetts and about $23 hourly or $48,710 yearly on average in the U.S. as a whole. Compared with people working in the overall category of Representation, people working as wholesale buyers in Massachusetts earn less. They earn less than people working in the overall category of Representation nationally. Jobs in this field include: gold buyer, tradesman, and merchandise manager.

There are 149 schools of higher education in the Cambridge area, including eight within twenty-five miles of Cambridge 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 training to become 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 Cambridge 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

Bay State College - Boston, MA

Bay State College, 122 Commonwealth Avenue, Boston, MA 02116. Bay State College is a small college located in Boston, Massachusetts. It is a private for-profit school with primarily 4-year or above programs. It has 732 students and an admission rate of 78%. Bay State College has an associate's degree and a bachelor's degree program in Fashion Merchandising which graduated twenty-three and twenty students respectively in 2008.

Mount Ida College - Newton, MA

Mount Ida College, 777 Dedham Street, Newton, MA 02459. Mount Ida College is a small college located in Newton, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,460 students and an admission rate of 70%. Mount Ida College has an associate's degree and a bachelor's degree program in Fashion Merchandising which graduated zero and fourteen students respectively in 2008.

Massasoit Community College - Brockton, MA

Massasoit Community College, One Massasoit Boulevard, Brockton, MA 02302-3996. Massasoit Community College is a medium sized college located in Brockton, Massachusetts. It is a public school with primarily 2-year programs and has 7,394 students. Massasoit Community College has a less than one year program in Fashion Merchandising which graduated one student in 2008.

Fisher College - Boston, MA

Fisher College, 118 Beacon St, Boston, MA 02116. Fisher College is a small college located in Boston, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,262 students and an admission rate of 62%. Fisher College has an associate's degree program in Fashion Merchandising which graduated one student in 2008.

Middlesex Community College - Bedford, MA

Middlesex Community College, Springs Rd, Bedford, MA 01730-9124. Middlesex Community College is a medium sized college located in Bedford, Massachusetts. It is a public school with primarily 2-year programs and has 8,511 students. Middlesex Community College has an associate's degree program in Fashion Merchandising which graduated four students in 2008.

Newbury College-Brookline - Brookline, MA

Newbury College-Brookline, 129 Fisher Ave, Brookline, MA 02445. Newbury College-Brookline is a small college located in Brookline, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs and has 1,042 students. Newbury College-Brookline has an associate's degree and a bachelor's degree program in Fashion Merchandising which graduated zero and eight students respectively in 2008.

Lasell College - Newton, MA

Lasell College, 1844 Commonwealth Ave, Newton, MA 02466-2716. Lasell College is a small college located in Newton, Massachusetts. It is a private not-for-profit school with primarily 4-year or above programs. It has 1,484 students and an admission rate of 61%. Lasell College has a bachelor's degree program in Fashion Merchandising which graduated fifty-three students in 2008.

The New England Institute of Art - Brookline, MA

The New England Institute of Art, 10 Brookline Place West, Brookline, MA 02445-7295. The New England Institute of Art is a small school located in Brookline, Massachusetts. It is a private for-profit school with primarily 4-year or above programs. It has 1,647 students and an admission rate of 45%. The New England Institute of Art has a two to four year program in Fashion Merchandising.

LICENSES

FUR BUYER

Licensing agency: Division of Fisheries and Wildlife
Address: 100 Cambridge Street, Room 1902, Boston, MA 02202-0044

Phone: (617) 727-3151
Website: Division of Fisheries and Wildlife

LOCATION INFORMATION: Cambridge, Massachusetts

Cambridge, Massachusetts
Cambridge, Massachusetts photo by Scs

Cambridge is located in Middlesex County, Massachusetts. It has a population of over 105,596, which has grown by 4.2% in the past ten years. The cost of living index in Cambridge, 142, is far greater than the national average. New single-family homes in Cambridge are priced at $1,078,700 on average, which is far greater than the state average. In 2008, twelve new homes were constructed in Cambridge, down from twenty-five the previous year.

The top three industries for women in Cambridge are educational services, professional, scientific, and technical services, and health care. For men, it is educational services, professional, scientific, and technical services, and health care. The average travel time to work is about 24 minutes. More than 65.1% of Cambridge residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 38.5%, is higher than the state average.

The unemployment rate in Cambridge is 5.6%, which is less than Massachusetts's average of 8.4%.

The percentage of Cambridge residents that are affiliated with a religious congregation, 73.6%, is more than both the national and state average. Western Avenue Baptist Church, Massachusetts Institute of Technology Chapel and Cambridgeport Baptist Church are some of the churches located in Cambridge. The largest religious groups are the Catholic Church, the United Church of Christ and the Episcopal Church.

Cambridge is home to the Great Court and the Cutter Square as well as John A Ahern Field and Sheridan Square. Shopping malls in the area include Porter Square Shopping Center, The Atrium Shopping Center and Cambridgeside Galleria Shopping Center.