Purchasing Managers, Buyers, and Purchasing Agents
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Earnings
Median annual earnings of purchasing managers were $59,890 in 2002. The middle 50 percent earned between $43,670 and $81,950 a year. The lowest 10 percent earned less than $32,330, and the highest 10 percent earned more than $108,140 a year.
Median annual earnings for purchasing agents and buyers, farm products were $40,900 in 2002. The middle 50 percent earned between $31,390 and $55,440 a year. The lowest 10 percent earned less than $23,850, and the highest 10 percent earned more than $76,740 a year.
Median annual earnings for wholesale and retail buyers, except farm products, were $40,780 in 2002. The middle 50 percent earned between $30,040 and $55,670 a year. The lowest 10 percent earned less than $23,270, and the highest 10 percent earned more than $76,070 a year. Median annual earnings in the industries employing the largest numbers of wholesale and retail buyers, except farm products, in 2002 were as follows:
- Management of companies and enterprises $49,150
- Grocery and related product wholesalers $49,850
- Machinery, equipment, and supplies merchant wholesalers $49,920
- Building material and supplies dealers $49,910
Median annual earnings for purchasing agents, except wholesale, retail, and farm products, were $45,090 in 2002. The middle 50 percent earned between $34,820 and $58,780 a year. The lowest 10 percent earned less than $27,950, and the highest 10 percent earned more than $73,990 a year. Median annual earnings in the industries employing the largest numbers of purchasing agents, except of wholesale, retail, and farm products, in 2002 were as follows:
- Federal Government $58,410 Aerospace product and parts manufacturing $52,900
- Management of companies and enterprises $52,790
- Local government $52,450
- General medical and surgical hospitals $52,420
Purchasing managers, buyers, and purchasing agents receive the same benefits package as other workers, including vacations, sick leave, life and health insurance, and pension plans. In addition to receiving standard benefits, retail buyers often earn cash bonuses based on their performance and may receive discounts on merchandise bought from their employer.
Related Occupations
Workers in other occupations who need a knowledge of marketing and the ability to assess consumer demand include advertising, marketing, promotions, public relations, and sales managers; food service managers; insurance sales agents; lodging managers; sales engineers; and sales representatives, wholesale and manufacturing.
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