Career and Education Opportunities for Wholesale Buyers in St. Paul, Minnesota
If you want to be a wholesale buyer, the St. Paul, Minnesota area offers many opportunities both for education and employment. The national trend for wholesale buyers 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 $25 hourly or $53,460 yearly on average in Minnesota. In the U.S. as a whole, their income is about $23 per hour or $48,710 per year on average. Incomes for wholesale buyers are not quite as good as in the overall category of Representation in Minnesota, and not quite as good as the overall Representation category nationally. Jobs in this field include: purchasing agent, internal wholesaler, and fashion buyer.
There are seventy-seven schools of higher education in the St. Paul area, including five within twenty-five miles of St. Paul where you can get a degree to start your career as a wholesale buyer. Given that the most common education level for wholesale buyers is some college courses, 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
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 St. Paul 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
Minneapolis Community and Technical College - Minneapolis, MN
Minneapolis Community and Technical College, 1501 Hennepin Ave, Minneapolis, MN 55403-1779. Minneapolis Community and Technical College is a medium sized college located in Minneapolis, Minnesota. It is a public school with primarily 2-year programs and has 9,539 students. Minneapolis Community and Technical College has an associate's degree program in Apparel and Textile Marketing Management which graduated one student in 2008.
University of Minnesota-Twin Cities - Minneapolis, MN
University of Minnesota-Twin Cities, 100 Church Street SE, Minneapolis, MN 55455-0213. University of Minnesota-Twin Cities is a large university located in Minneapolis, Minnesota. It is a public school with primarily 4-year or above programs. It has 51,140 students and an admission rate of 53%. University of Minnesota-Twin Cities has 2 areas of study related to Wholesale Buyer. They are:
- Sales, Distribution, and Marketing Operations, bachelor's degree which graduated 43 students in 2008.
- Fashion Merchandising, bachelor's degree which graduated 1 student in 2008.
Inver Hills Community College - Inver Grove Heights, MN
Inver Hills Community College, 2500 80th St E, Inver Grove Heights, MN 55076-3224. Inver Hills Community College is a medium sized college located in Inver Grove Heights, Minnesota. It is a public school with primarily 2-year programs and has 5,608 students. Inver Hills Community College has a less than one year program in Sales, Distribution, and Marketing Operations which graduated four students in 2008.
Metropolitan State University - Saint Paul, MN
Metropolitan State University, 700 E Seventh St, Saint Paul, MN 55106-5000. Metropolitan State University is a medium sized university located in Saint Paul, Minnesota. It is a public school with primarily 4-year or above programs. It has 6,909 students and an admission rate of 53%. Metropolitan State University has a bachelor's degree program in Sales, Distribution, and Marketing Operations which graduated one student in 2008.
The Art Institutes International Minnesota - Minneapolis, MN
The Art Institutes International Minnesota, 15 S 9th Street, Minneapolis, MN 55402. The Art Institutes International Minnesota is a small school located in Minneapolis, Minnesota. It is a private for-profit school with primarily 4-year or above programs. It has 1,840 students and an admission rate of 51%. The Art Institutes International Minnesota has a bachelor's degree program in Fashion Merchandising.
LOCATION INFORMATION: St. Paul, Minnesota
St. Paul is located in Ramsey County, Minnesota. It has a population of over 279,590, which has shrunk by 2.6% in the past ten years. The cost of living index in St. Paul, 99, is near the national average. New single-family homes in St. Paul are valued at $213,300 on average, which is well below the state average. In 2008, thirty new homes were built in St. Paul, down from seventy-four the previous year.
The three most popular industries for women in St. Paul are educational services, health care, and finance and insurance. For men, it is educational services, professional, scientific, and technical services, and construction. The average commute to work is about 21 minutes. More than 32.0% of St. Paul residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 12.0%, is higher than the state average.
The unemployment rate in St. Paul is 7.4%, which is greater than Minnesota's average of 7.0%.
The percentage of St. Paul residents that are affiliated with a religious congregation, 61.3%, is more than both the national and state average. Zion Church, Convent of the Visitation and Saint Paul Cathedral are some of the churches located in St. Paul. The most prominent religious groups are the Catholic Church, the Evangelical Lutheran Church in America and the Baptist General Conference.
St. Paul is home to the Saint Paul Orphange and the Wilder Center as well as Terrace Park and East View Playground.