As of March 01, 2025, the average annual salary for a Buyer IV in Farmington, MI is $114,325. Salary.com reports that pay typically ranges from $105,835 to $121,339, with most professionals earning between $98,104 and $127,725.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $120,856 | $10,071 | $2,324 | $58 |
| Average | $113,870 | $9,489 | $2,190 | $55 |
| 25th Percentile | $105,413 | $8,784 | $2,027 | $51 |
An entry-level Buyer IV with under 1 year experience makes about $109,890. With less than 2 years of experience, a mid-level Buyer IV makes around $110,524. After 2-4 years, the Buyer IV pay rises to about $111,537. Those senior Buyer IV with 5-8 years of experience earn roughly $112,805, and those Buyer IV having 8 years or more experience are expected to earn about $114,535 on average.
| Levels | Salary |
|---|---|
| Entry Level Buyer IV | $109,890 |
| Intermediate Level Buyer IV | $110,524 |
| Senior Level Buyer IV | $111,537 |
| Specialist Level Buyer IV | $112,805 |
| Expert Level Buyer IV | $114,535 |
| Entry Level | 3% |
| Mid Level | 3% |
| Senior Level | 2% |
| Top Level | 1% |
| Experienced | 1% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Planning: An act or process of making or carrying out plans. Establishment of goals, policies, and procedures for a social or economic unit city planning business planning.
Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.
Strategic Sourcing: Identifying spend profiles and developing channels to acquire the optimum value of supplies that align with organizational goals.
| Skill | Salary | Demand |
|---|---|---|
|
Presentation
|
$131,474 |
15%
|
|
Innovation
|
$130,331 |
14%
|
|
Leadership
|
$128,045 |
12%
|
|
Project Management
|
$126,901 |
11%
|
|
Coordination
|
$125,758 |
10%
|
|
Scheduling
|
$121,185 |
6%
|
