Gold buyer vs assistant buyer

The differences between gold buyers and assistant buyers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a gold buyer, becoming an assistant buyer takes usually requires More than 10 years. Additionally, a gold buyer has an average salary of $54,119, which is higher than the $49,586 average annual salary of an assistant buyer.

The top three skills for a gold buyer include customer service, store locations and store operations. The most important skills for an assistant buyer are purchase orders, vendor relations, and customer service.

Gold buyer vs assistant buyer overview

	Gold Buyer	Assistant Buyer
Yearly salary	$54,119	$49,586
Hourly rate	$26.02	$23.84
Growth rate	-	-
Number of jobs	8,845	15,090
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 38%	Bachelor's Degree, 79%
Average age	44	47
Years of experience	4	-

Gold buyer vs assistant buyer salary

Gold buyers and assistant buyers have different pay scales, as shown below.

	Gold Buyer	Assistant Buyer
Average salary	$54,119	$49,586
Salary range	Between $35,000 And $81,000	Between $36,000 And $67,000
Highest paying City	-	New York, NY
Highest paying state	-	New Jersey
Best paying company	-	Fashion Nova
Best paying industry	-	Manufacturing

Differences between gold buyer and assistant buyer education

There are a few differences between a gold buyer and an assistant buyer in terms of educational background:

	Gold Buyer	Assistant Buyer
Most common degree	Bachelor's Degree, 38%	Bachelor's Degree, 79%
Most common major	Business	Business
Most common college	University of Akron	University of Minnesota - Twin Cities

Gold buyer vs assistant buyer demographics

Here are the differences between gold buyers' and assistant buyers' demographics:

	Gold Buyer	Assistant Buyer
Average age	44	47
Gender ratio	Male, 37.3% Female, 62.7%	Male, 23.5% Female, 76.5%
Race ratio	Black or African American, 7.8% Unknown, 4.5% Hispanic or Latino, 18.2% Asian, 5.7% White, 63.5% American Indian and Alaska Native, 0.3%	Black or African American, 3.8% Unknown, 3.1% Hispanic or Latino, 9.9% Asian, 6.6% White, 75.8% American Indian and Alaska Native, 0.8%
LGBT Percentage	9%	15%

Differences between gold buyer and assistant buyer duties and responsibilities

Gold buyer example responsibilities.

Coordinate and provide direction to inventory teams by managing product placement, open-to-buy, and logistics.
List eBay items and ship as well as answering questions.
Work closely with the logistics department and internal warehouse to coordinate just in time deliveries and maintain daily inventory reconciliation.
Negotiate with jewelry vendors for product re-assortments to relive inventory and increase turn.
Manage business relationship with Japanese OEM of wide-format printer engines.

Assistant buyer example responsibilities.

Manage open-to-buy to ensure continual flow of merchandise to stores and warehouses with careful attention to advertise events and promotions.
Inspect, grade and appraise agricultural commodities, durable goods, and merchandise for sale.
Train employees on POS system to keep accurate sales, inventory levels, and employee hours.
Collaborate with DMM and GMM to complete accurate financial strategy to be sign off by CEO.
Partner with advertising to execute POS and brand driven events through mailers, email blasts and marketing.
Analyze product trends and historical data at classification level; review IMU, AUR and penetration variances.

Gold buyer vs assistant buyer skills

Common gold buyer skills

Customer Service, 80%
Store Locations, 8%
Store Operations, 7%
Word Processing Software, 5%

Common assistant buyer skills

Purchase Orders, 16%
Vendor Relations, 10%
Customer Service, 8%
Math, 7%
Apparel, 4%
Open-To-Buy, 4%