1. Northwestern University
Evanston, IL • Private
Buying analysts are essentials members of a supply chain management team. They mediate between organizations and suppliers, find sources to procure supplies, analyze costs and set quality standards to ensure top-notch products keep competitors at bay.
As a buying analyst, you might be employed in a wide variety of industries. As long as they sell products, they are going to need you. Your job will be to support buyers by analyzing procurement and sales metrics. You will prepare orders, solicit proposals and review bids from vendors. It will be your responsibility to review contracts, keep track of contract details and documents, invoices, reports, and the like.
You will run regular price audits and monitor the company's obligations towards suppliers. You will also be expected to present the financial status of your department to the executive directors regularly.
There are certain skills that many buying analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and interpersonal skills.
If you're interested in becoming a buying analyst, one of the first things to consider is how much education you need. We've determined that 71.6% of buying analysts have a bachelor's degree. In terms of higher education levels, we found that 10.0% of buying analysts have master's degrees. Even though most buying analysts have a college degree, it's possible to become one with only a high school degree or GED.
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a buying analyst can determine their career goals through the career progression. For example, they could start out with a role such as buyer, progress to a title such as senior buyer and then eventually end up with the title purchasing manager.
What Am I Worth?
There are several types of buying analyst, including:
Mouse over a state to see the number of active buying analyst jobs in each state. The darker areas on the map show where buying analysts earn the highest salaries across all 50 states.
|Rank||State||Number of Jobs||Average Salary|
Evanston, IL • Private
Philadelphia, PA • Private
New York, NY • Private
Los Angeles, CA • Private
Washington, DC • Private
University Park, PA • Private
Bethlehem, PA • Private
Cambridge, MA • Private
Athens, GA • Private
Muncie, IN • Private
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 20.0% of buying analysts listed purchase orders on their resume, but soft skills such as analytical skills and communication skills are important as well.
Zippia allows you to choose from different easy-to-use Buying Analyst templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Buying Analyst resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
After extensive research and analysis, Zippia's data science team found that:
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Some places are better than others when it comes to starting a career as a buying analyst. The best states for people in this position are Washington, California, Vermont, and Oregon. Buying analysts make the most in Washington with an average salary of $93,819. Whereas in California and Vermont, they would average $88,324 and $88,250, respectively. While buying analysts would only make an average of $87,245 in Oregon, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. District of Columbia
|Rank||Company||Average Salary||Hourly Rate||Job Openings|
|4||Consumer Portfolio Services||$88,766||$42.68||3|