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The differences between buyers and purchasing managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become a buyer, becoming a purchasing manager takes usually requires 4-6 years. Additionally, a purchasing manager has an average salary of $98,118, which is higher than the $54,049 average annual salary of a buyer.
The top three skills for a buyer include purchase orders, customer service and logistics. The most important skills for a purchasing manager are supply chain, strategic sourcing, and project management.
| Buyer | Purchasing Manager | |
| Yearly salary | $54,049 | $98,118 |
| Hourly rate | $25.99 | $47.17 |
| Growth rate | - | -6% |
| Number of jobs | 23,589 | 30,430 |
| Job satisfaction | 5 | 4 |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 66% |
| Average age | 47 | 47 |
| Years of experience | - | 6 |
A buyer's duties include product sourcing and comparing resources for the best product range that would suit the specific needs of the business. Buyers must have excellent communication and negotiation skills to evaluate items that most likely benefit the customer and improve the sales of daily operations with cost-efficient products. They also conduct extensive research for market and price trends while considering the highest quality standards. Buyers should also possess strong analytical skills to create purchase orders and statistical analysis.
A purchasing manager is responsible for organizing and managing products to order or sell. Purchasing managers review product specifications, negotiate pricing details with the vendors, evaluate and choose the best suppliers, and assist purchasing agents. Purchase managers are also responsible for resolving order processing issues and analyzing current market trends to determine which products to purchase. A purchasing manager must have excellent decision-making and strategical skills to examine effects, inspect defective items, and create an in-depth analysis of customers' needs to improve their performance and sales.
Buyers and purchasing managers have different pay scales, as shown below.
| Buyer | Purchasing Manager | |
| Average salary | $54,049 | $98,118 |
| Salary range | Between $37,000 And $76,000 | Between $70,000 And $136,000 |
| Highest paying City | Englewood, NJ | Richmond, CA |
| Highest paying state | New Jersey | Maine |
| Best paying company | NVIDIA | McKinsey & Company Inc |
| Best paying industry | Automotive | Technology |
There are a few differences between a buyer and a purchasing manager in terms of educational background:
| Buyer | Purchasing Manager | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | California State University - Bakersfield | Stanford University |
Here are the differences between buyers' and purchasing managers' demographics:
| Buyer | Purchasing Manager | |
| Average age | 47 | 47 |
| Gender ratio | Male, 43.9% Female, 56.1% | Male, 67.0% Female, 33.0% |
| Race ratio | Black or African American, 4.0% Unknown, 3.1% Hispanic or Latino, 10.0% Asian, 6.7% White, 75.4% American Indian and Alaska Native, 0.8% | Black or African American, 9.2% Unknown, 3.8% Hispanic or Latino, 12.5% Asian, 7.5% White, 66.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 15% | 11% |