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Career and Education Opportunities for Wholesale Buyers in Newark, New Jersey

Wholesale buyers can find many career and educational opportunities in the Newark, New Jersey area. Currently, 7,000 people work as wholesale buyers in New Jersey. This is expected to shrink 4% to about 6,700 people by 2016. 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 $28 hourly or $59,370 per year on average in New Jersey and about $23 per hour or $48,710 yearly on average in the U.S. as a whole. Incomes for wholesale buyers are not quite as good as in the overall category of Representation in New Jersey, and not quite as good as the overall Representation category nationally. Jobs in this field include: fashion merchandiser, assistant buyer, and procurement specialist.

The Newark area is home to 318 schools of higher education, including eighteen within twenty-five miles of Newark 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 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 Newark 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 New School - New York, NY

The New School, 66 W 12th Street, New York, NY 10011-8603. The New School is a medium sized school located in New York, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 10,067 students and an admission rate of 51%. The New School has an associate's degree program in Fashion Merchandising which graduated 147 students in 2008.

Pace University-New York - New York, NY

Pace University-New York, 1 Pace Plaza, New York, NY 10038-1598. Pace University-New York is a large university located in New York, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 12,229 students and an admission rate of 78%. Pace University-New York has a master's degree program in Sales, Distribution, and Marketing Operations.

Fordham University - Bronx, NY

Fordham University, 441 E Fordham Rd, Bronx, NY 10458. Fordham University is a large university located in Bronx, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 14,666 students and an admission rate of 47%. Fordham University has a bachelor's degree and a post-master's certificate program in Sales, Distribution, and Marketing Operations which graduated nineteen and one students respectively in 2008.

Saint Thomas Aquinas College - Sparkill, NY

Saint Thomas Aquinas College, 125 Rte 340, Sparkill, NY 10976-1050. Saint Thomas Aquinas College is a small college located in Sparkill, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,099 students and an admission rate of 79%. Saint Thomas Aquinas College has a bachelor's degree program in Sales, Distribution, and Marketing Operations which graduated seven students in 2008.

Berkeley College - New York, NY

Berkeley College, 3 East 43 Street, New York, NY 10017. Berkeley College is a small college located in New York, New York. It is a private for-profit school with primarily 4-year or above programs. It has 3,332 students and an admission rate of 74%. Berkeley College has an associate's degree and a bachelor's degree program in Fashion Merchandising which graduated forty-three and 118 students respectively in 2008.

Berkeley College - West Paterson, NJ

Berkeley College, 44 Rifle Camp Rd, West Paterson, NJ 07424. Berkeley College is a small college located in West Paterson, New Jersey. It is a private for-profit school with primarily 4-year or above programs. It has 3,052 students and an admission rate of 78%. Berkeley College has an associate's degree and a bachelor's degree program in Fashion Merchandising which graduated fifty-five and fifty-nine students respectively in 2008.

SUNY Westchester Community College - Valhalla, NY

SUNY Westchester Community College, 75 Grasslands Road, Valhalla, NY 10595. SUNY Westchester Community College is a large college located in Valhalla, New York. It is a public school with primarily 2-year programs and has 11,090 students. SUNY Westchester Community College has an associate's degree program in Fashion Merchandising which graduated twelve students in 2008.

Laboratory Institute of Merchandising - New York, NY

Laboratory Institute of Merchandising, 12 E 53rd St, New York, NY 10022-5268. Laboratory Institute of Merchandising is a small school located in New York, New York. It is a private for-profit school with primarily 4-year or above programs. It has 1,299 students and an admission rate of 51%. Laboratory Institute of Merchandising has an associate's degree and a bachelor's degree program in Fashion Merchandising which graduated twenty-seven and 115 students respectively in 2008.

CUNY Bernard M Baruch College - New York, NY

CUNY Bernard M Baruch College, One Bernard Baruch Way (55 Lexington at 24th St), New York, NY 10010. CUNY Bernard M Baruch College is a large college located in New York, New York. It is a public school with primarily 4-year or above programs. It has 15,906 students and an admission rate of 26%. CUNY Bernard M Baruch College has a bachelor's degree and a master's degree program in Sales, Distribution, and Marketing Operations which graduated 309 and twenty-one students respectively in 2008.

Brookdale Community College - Lincroft, NJ

Brookdale Community College, 765 Newman Springs Rd, Lincroft, NJ 07738-1597. Brookdale Community College is a large college located in Lincroft, New Jersey. It is a public school with primarily 2-year programs and has 14,642 students. Brookdale Community College has an associate's degree program in Fashion Merchandising which graduated forty-three students in 2008.

Wood Tobe-Coburn School - New York, NY

Wood Tobe-Coburn School, 8 E 40th St, New York, NY 10016-0190. Wood Tobe-Coburn School is a small school located in New York, New York. It is a private for-profit school with primarily 2-year programs. It has 557 students and an admission rate of 91%. Wood Tobe-Coburn School has an associate's degree program in Fashion Merchandising which graduated forty-one students in 2008.

Katharine Gibbs School - Piscataway, NJ

Katharine Gibbs School, 180 Centennial Ave., Piscataway, NJ 08854. Katharine Gibbs School is a small school located in Piscataway, New Jersey. It is a private for-profit school with primarily less-than 2-year programs and has 54 students. Katharine Gibbs School has a one to two year program in Fashion Merchandising which graduated seventeen students in 2008.

Fashion Institute of Technology - New York, NY

Fashion Institute of Technology, 227 W 27th St, New York, NY 10001-5992. Fashion Institute of Technology is a large school located in New York, New York. It is a public school with primarily 4-year or above programs. It has 10,128 students and an admission rate of 42%. Fashion Institute of Technology has an associate's degree and a bachelor's degree program in Fashion Merchandising which graduated 601 and 323 students respectively in 2008.

Mercy College - Dobbs Ferry, NY

Mercy College, 555 Broadway, Dobbs Ferry, NY 10522. Mercy College is a medium sized college located in Dobbs Ferry, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 8,792 students and an admission rate of 35%. Mercy College has a master's degree program in Sales, Distribution, and Marketing Operations which graduated eight students in 2008.

New York University - New York, NY

New York University, 70 Washington Sq South, New York, NY 10012-1091. New York University is a large university located in New York, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 42,204 students and an admission rate of 32%. New York University has bachelor's degree, master's degree, post-master's certificate, and doctor's degree programs in Sales, Distribution, and Marketing Operations which graduated seventy-five, zero, zero, and one students respectively in 2008.

New York Institute of Technology-Manhattan Campus - New York, NY

New York Institute of Technology-Manhattan Campus, 1855 Broadway, New York, NY 10023-7692. New York Institute of Technology-Manhattan Campus is a small school located in New York, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,633 students and an admission rate of 66%. New York Institute of Technology-Manhattan Campus has a postbaccalaureate certificate program in Sales, Distribution, and Marketing Operations which graduated one student in 2008.

Gibbs College - Livingston, NJ

Gibbs College, 630 West Mt. Pleasant Avenue Route 10, Livingston, NJ 07039. Gibbs College is a small college located in Livingston, New Jersey. It is a private for-profit school with primarily 2-year programs and has 521 students. Gibbs College has a one to two year program in Fashion Merchandising which graduated one student in 2008.

Manhattan College - Bronx, NY

Manhattan College, Manhattan College Pky, Bronx, NY 10471-4098. Manhattan College is a small college located in Bronx, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,446 students and an admission rate of 51%. Manhattan College has a bachelor's degree program in Sales, Distribution, and Marketing Operations which graduated sixty-five students in 2008.

LOCATION INFORMATION: Newark, New Jersey

Newark, New Jersey
Newark, New Jersey photo by Gik%C3%BC

Newark is located in Essex County, New Jersey. It has a population of over 278,980, which has grown by 2.0% in the past ten years. The cost of living index in Newark, 140, is far greater than the national average. New single-family homes in Newark are priced at $83,500 on average, which is far less than the state average. In 2008, ninety-nine new homes were built in Newark, up from twenty-nine the previous year.

The three big industries for women in Newark are health care, educational services, and finance and insurance. For men, it is construction, administrative and support and waste management services, and accommodation and food services. The average commute to work is about 32 minutes. More than 9.0% of Newark residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 3.0%, is lower than the state average.

The unemployment rate in Newark is 14.8%, which is greater than New Jersey's average of 9.3%.

The percentage of Newark residents that are affiliated with a religious congregation, 57.0%, is more than the national average but less than the state average. First Mount Zion Baptist Church, First Newborn Tabernacle Church and First Presbyterian Church are among the churches located in Newark. The most common religious groups are the Catholic Church, the Muslim Estimate and the American Baptist Churches in the USA.

Newark is home to the Clinton Branch Newark Public Library and the Brills Yard as well as Rippel Field and River Bank Park. Visitors to Newark can choose from Fairfield Inn and Suites, Days Hotel Newark Airport and Broad Street Hotel LLC for temporary stays in the area.