As of December 01, 2024, the average annual pay of Merchandise Buyer in Canton, MI is $109,312. While Salary.com is seeing that the highest pay for Merchandise Buyer in Canton, MI can go up to $141,226 and the lowest down to $81,580, but most earn between $94,796 and $126,017. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Merchandise Buyer in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $123,064 | $10,255 | $2,367 | $59 |
| Average | $106,750 | $8,896 | $2,053 | $51 |
| 25th Percentile | $92,574 | $7,715 | $1,780 | $45 |
An entry-level Merchandise Buyer with under 1 year experience makes about $104,064. With less than 2 years of experience, a mid-level Merchandise Buyer makes around $104,495. After 2-4 years, the Merchandise Buyer pay rises to about $110,050. Those senior Merchandise Buyer with 5-8 years of experience earn roughly $116,999, and those Merchandise Buyer having 8 years or more experience are expected to earn about $117,495 on average.
| Levels | Salary |
|---|---|
| Entry Level Merchandise Buyer | $104,064 |
| Intermediate Level Merchandise Buyer | $104,495 |
| Senior Level Merchandise Buyer | $110,050 |
| Specialist Level Merchandise Buyer | $116,999 |
| Expert Level Merchandise Buyer | $117,495 |
| Entry Level | 3% |
| Mid Level | 2% |
| Senior Level | 3% |
| Top Level | 10% |
| Experienced | 10% |
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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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Pricing: Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.
Financial Planning: In general usage, a financial plan is a comprehensive evaluation of an individual's current pay and future financial state by using current known variables to predict future income, asset values and withdrawal plans. This often includes a budget which organizes an individual's finances and sometimes includes a series of steps or specific goals for spending and saving in the future. This plan allocates future income to various types of expenses, such as rent or utilities, and also reserves some income for short-term and long-term savings. A financial plan is sometimes referred to as an investment plan, but in personal finance a financial plan can focus on other specific areas such as risk management, estates, college, or retirement.
| Skill | Salary | Demand |
|---|---|---|
|
Self-Development
|
$157,410 |
44%
|
|
Return on Investment
|
$147,572 |
35%
|
|
Product Packaging
|
$147,572 |
35%
|
|
Influencing
|
$143,199 |
31%
|
|
Store Operations
|
$141,013 |
29%
|
|
Effective Communication
|
$139,920 |
28%
|
