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Career and Education Opportunities for Wholesale Buyers in Detroit, Michigan

If you want to be a wholesale buyer, the Detroit, Michigan area offers many opportunities both for education and employment. Currently, 4,270 people work as wholesale buyers in Michigan. This is expected to shrink by 1% to about 4,240 people 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.

The income of a wholesale buyer is about $23 hourly or $49,080 yearly on average in Michigan. In the U.S. as a whole, their income is about $23 per hour or $48,710 annually on average. Wholesale buyers earn less than people working in the category of Representation generally in Michigan and less than people in the Representation category nationally. Jobs in this field include: jobber, retail buyer, and merchandise worker.

The Detroit area is home to seventy-three schools of higher education, including three within twenty-five miles of Detroit where you can get a degree as a wholesale buyer. Wholesale buyers usually hold some college courses, so 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

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 Detroit 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 Michigan - Novi, MI

The Art Institute of Michigan, 28125 Cabot Dr Ste 120, Novi, MI 48377-2985. The Art Institute of Michigan is a small school located in Novi, Michigan. It is a private for-profit school with primarily 4-year or above programs. It has 300 students and an admission rate of 33%. The Art Institute of Michigan has 2 areas of study related to Wholesale Buyer. They are:

  • Fashion Merchandising, associate's degree.
  • Apparel and Accessories Marketing Operations, bachelor's degree.

Wayne State University - Detroit, MI

Wayne State University, 656 West Kirby Street, Detroit, MI 48202. Wayne State University is a large university located in Detroit, Michigan. It is a public school with primarily 4-year or above programs. It has 31,025 students and an admission rate of 79%. Wayne State University has a bachelor's degree and a master's degree program in Apparel and Textile Marketing Management which graduated twenty-eight and three students respectively in 2008.

Eastern Michigan University - Ypsilanti, MI

Eastern Michigan University, , Ypsilanti, MI 48197. Eastern Michigan University is a large university located in Ypsilanti, Michigan. It is a public school with primarily 4-year or above programs. It has 22,137 students and an admission rate of 75%. Eastern Michigan University has a bachelor's degree and a master's degree program in Fashion Merchandising which graduated twenty-nine and one students respectively in 2008.

LICENSES

Cigarette Wholesaler, Secondary Wholesaler/ Unclass Acquirer

Licensing agency: Michigan Department of Treasury
Address: Tobacco Tax Unit, Customer Contact Unit, PO Box 30748, Lansing, MI 48909-5172

Phone: None
Website: Michigan Department of Treasury Tobacco Tax Unit Customer Contact Unit

LOCATION INFORMATION: Detroit, Michigan

Detroit, Michigan
Detroit, Michigan photo by Durova

Detroit is located in Wayne County, Michigan. It has a population of over 912,062, which has shrunk by 4.1% in the past ten years. The cost of living index in Detroit, 86, is well below the national average. New single-family homes in Detroit are priced at $108,900 on average, which is well below the state average. In 2008, eighty-five new homes were built in Detroit, down from one hundred fifty-four the previous year.

The three big industries for women in Detroit are health care, educational services, and transportation equipment. For men, it is transportation equipment, construction, and administrative and support and waste management services. The average commute to work is about 28 minutes. More than 11.0% of Detroit residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 4.2%, is lower than the state average.

The unemployment rate in Detroit is 27.0%, which is greater than Michigan's average of 14.3%.

The percentage of Detroit residents that are affiliated with a religious congregation, 37.7%, is less than both the national and state average. The most common religious groups are the Catholic Church, the Muslim Estimate and the Lutheran Church.

Detroit is home to the Memorial Park Marina and the Detroit Golf Club as well as Chene Park and Mallett Playground. Visitors to Detroit can choose from Corktown Inn, Clark's Motel and Days Inn of Downtown Detroit for temporary stays in the area.