Career and Education Opportunities for Wholesale Buyers in Manchester, New Hampshire
Wholesale buyer career and educational opportunities abound in Manchester, New Hampshire. Currently, 910 people work as wholesale buyers in New Hampshire. This is expected to grow 2% to about 930 people by 2016. 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.
The income of a wholesale buyer is about $23 per hour or $49,740 annually on average in New Hampshire. In the U.S. as a whole, their income is about $23 hourly or $48,710 annually on average. Earnings for wholesale buyers are not quite as good as earnings in the general category of Representation in New Hampshire and not quite as good as general Representation category earnings nationally. Wholesale buyers work in a variety of jobs, including: assistant merchandise buyer, buyer assistant, and purchasing manager.
The Manchester area is home to forty-two schools of higher education, including three within twenty-five miles of Manchester where you can get a degree as a wholesale buyer. Wholesale buyers usually hold some college courses, so 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 Manchester 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
McIntosh College - Dover, NH
McIntosh College, 23 Cataract Ave, Dover, NH 03820. McIntosh College is a small college located in Dover, New Hampshire. It is a private for-profit school with primarily 2-year programs and has 356 students. McIntosh College has 2 areas of study related to Wholesale Buyer. They are:
- Sales, Distribution, and Marketing Operations, associate's degree.
- Fashion Merchandising, associate's degree which graduated 17 students in 2008.
Southern New Hampshire University - Manchester, NH
Southern New Hampshire University, 2500 N River Rd, Manchester, NH 03106. Southern New Hampshire University is a medium sized university located in Manchester, New Hampshire. It is a private not-for-profit school with primarily 4-year or above programs. It has 7,000 students and an admission rate of 74%. Southern New Hampshire University has an associate's degree program in Fashion Merchandising which graduated four students in 2008.
Franklin Pierce University - Rindge, NH
Franklin Pierce University, 40 University Drive, Rindge, NH 03461-0060. Franklin Pierce University is a small university located in Rindge, New Hampshire. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,526 students and an admission rate of 77%. Franklin Pierce University has an associate's degree and a bachelor's degree program in Sales, Distribution, and Marketing Operations which graduated four and twenty-one students respectively in 2008.
LOCATION INFORMATION: Manchester, New Hampshire
Manchester is situated in Hillsborough County, New Hampshire. It has a population of over 108,586, which has grown by 1.5% in the past ten years. The cost of living index in Manchester, 120, is far greater than the national average. New single-family homes in Manchester are valued at $138,300 on average, which is far less than the state average. In 2008, eighty-eight new homes were constructed in Manchester, down from ninety-four the previous year.
The top three industries for women in Manchester are health care, educational services, and finance and insurance. For men, it is construction, accommodation and food services, and computer and electronic products. The average travel time to work is about 21 minutes. More than 22.3% of Manchester residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 7.0%, is lower than the state average.
The unemployment rate in Manchester is 7.6%, which is greater than New Hampshire's average of 6.5%.
The percentage of Manchester residents that are affiliated with a religious congregation, 58.1%, is more than both the national and state average. Bethel Christian Fellowship Church, Saint Pauls United Methodist Church and Blessed Sacrament Roman Catholic Church are among the churches located in Manchester. The most common religious groups are the Catholic Church, the United Church of Christ and the Greek Orthodox Archdiocese of America.
Manchester is home to the Spaulding House and the New Hampshire Youth Development Center as well as Derryfield Park and Crystal Lake Park. Shopping malls in the area include Hampshire Plaza Shopping Center, The Mall of New Hampshire and Second Street Shoppes Shopping Center. Visitors to Manchester can choose from TAGE Inn & Suites, CNHParking and Firebird Motel for temporary stays in the area.