FAQ about Merchandise Buying Manager
1. Where can a Merchandise Buying Manager earn the most?
A Merchandise Buying Manager's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Merchandise Buying Manager earns the most in San Jose, CA, where the annual salary of a Merchandise Buying Manager is $117,856.
2. What is the highest pay for Merchandise Buying Manager?
The highest pay for Merchandise Buying Manager is $117,779.
3. What is the lowest pay for Merchandise Buying Manager?
The lowest pay for Merchandise Buying Manager is $64,246.
4. What are the responsibilities of Merchandise Buying Manager?
Manages the selection, sourcing, and purchasing of merchandise to align with the company's brand, sales goals, and customer preferences. Monitors market trend analyses, sales performance, and competitor activities to identify profitable product opportunities. Leads pricing negotiations, oversees vendor relationships, and ensures the timely delivery of merchandise. Collaborates cross-functionally to optimize product assortments and maintain appropriate inventory levels. Typically requires a bachelor's degree. Typically reports to a director. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes.
5. What industry pays the highest salary for Merchandise Buying Manager?
The Biotechnology industry offers the highest average compensation for Merchandise Buying Manager roles,
with salaries approximately 30% above the market median.