Career and Education Opportunities for Wholesale Buyers in Worcester, Massachusetts
Wholesale buyers can find many career and educational opportunities in the Worcester, 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.
The income of a wholesale buyer is about $26 per hour or $54,280 yearly on average in Massachusetts. In the U.S. as a whole, their income is about $23 per hour or $48,710 yearly on average. 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. People working as wholesale buyers can fill a number of jobs, such as: category manager, assistant merchandise buyer, and merchandise worker.
There is one school within twenty-five miles of Worcester where you can study to be a wholesale buyer, among thirty-nine schools of higher education total in the Worcester area. Given that the most common education level 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 Worcester 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
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.
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: Worcester, Massachusetts
Worcester is located in Worcester County, Massachusetts. It has a population of over 175,011, which has grown by 1.4% in the past ten years. The cost of living index in Worcester, 121, is far greater than the national average. New single-family homes in Worcester cost $108,900 on average, which is far less than the state average. In 2008, sixty-one new homes were constructed in Worcester, down from two hundred fourteen the previous year.
The top three industries for women in Worcester are health care, educational services, and finance and insurance. For men, it is educational services, construction, and health care. The average commute to work is about 22 minutes. More than 23.3% of Worcester residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 9.8%, is lower than the state average.
The unemployment rate in Worcester is 9.9%, which is greater than Massachusetts's average of 8.4%.
The percentage of Worcester residents that are affiliated with a religious congregation, 57.4%, is more than the national average but less than the state average. Burncoat Baptist Church, United Congregational Church and Unitarian Universalist Church are among the churches located in Worcester. The largest religious groups are the Catholic Church, the United Church of Christ and the Episcopal Church.
Worcester is home to the Tatnuck Country Club and the Massachusetts Biotech Research Park as well as Ty Cobb Park and General Foley Stadium. Shopping malls in the area include Lincoln Plaza Shopping Center, Mid Town Mall and Norwich Place Shopping Center. Visitors to Worcester can choose from Days Inn, Hampton Inn and Maple Manor Hotel for temporary stays in the area.