Purchasing Agent Job Overview Purchasing agents specialize in acquiring products that a business can use or resell. ...
Purchasing Agent Job Overview
Purchasing agents specialize in acquiring products that a business can use or resell. They research, analyze, and evaluate suppliers based on available products, price, and quality. These professionals also evaluate proposals and financial reports, as well as negotiate contracts and monitor the success of contracts and agreements as they're executed . Purchasing agents often attend trade shows and other industry events in order to make new contacts and form business relationships with a wider group of suppliers.
Purchasing Agent Job Education Requirements
In order to become a purchasing agent, candidates generally need a bachelor's degree in business, accounting, or economics. Most also receive extensive on-the-job training in order to develop methods and techniques for a particular organization. Some professionals seek certification from professional organizations like the Institute for Supply Management or the American Purchasing Society. Some candidates may be able to land entry-level purchasing agent jobs with just a high school diploma, while advanced candidates seeking jobs as purchasing managers often need master's degrees.
Purchasing Agent Job Market
In general, the job market for purchasing agents does not indicate significant growth. Much of the market demand is linked with manufacturing and major contracts from governmental agencies, so the demand may vary from industry to industry. Those who have valuable experience in the field and an advanced degree will be best positioned to land the available jobs and succeed in this field.
Purchasing Agent Job Salary Information
The average annual wage for purchasing agents is about $61,000, but salaries can vary among different industries. Purchasing agents who specialize in farm products, for instance, earn an average of $56,000 per year, while those who focus on wholesale and retail earn about $52,000 per year. Purchasing managers earn the most in this field, with average annual salaries of about $100,000.