Junior buyers are responsible for assuring timely product delivery and product availability for the company and industry they work for. They are generally expected to develop and maintain vendor relations. This includes regularly monitoring vendor pricing, availability, and terms. They also calculate, monitor and analyze current inventory levels and place purchase orders as needed. Junior buyers often work closely with departments such as quality control to resolve vendor return issues and reconcile vendor returns as needed. Junior buyers may be expected to attend conferences and trade shows to develop new vendor relations and stay on top of industry trends and offerings. Those interested in junior buyer positions may also qualify for jobs such as purchasing agents or purchasing supervisor.
Junior Buyer Education Requirements
Generally, junior buyers must have at least a bachelor's degree though in some industries a candidate may work their way into a junior buyer position with only a high school diploma or GED. Ideal junior buyer candidates hold a bachelor's degree in accounting, finance or a field closely related to the product being purchased or the industry they want to work in. While formal education helps build the necessary skills to be successful, most buyer-related education occurs through on-the-job training.
Junior Buyer Job Market
The job outlook for junior buyer jobs and other buyer positions is expected to rise approximately 4 percent from 2012 to 2022, which is slower than the average for all occupations. The availability of jobs will vary based on the health of the industry a buyer works in.
Junior Buyer Salary
The median annual salary for junior buyer jobs is approximately $42,000 per year. The median salary for senior buyer positions is $60,550 per year. Salary ranges will vary based on the location, size and type of company a buyer works for. A buyer's education and work experience will also impact total earnings.