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Gold buyer vs senior merchandise buyer

The differences between gold buyers and senior merchandise buyers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a gold buyer and a senior merchandise buyer. Additionally, a senior merchandise buyer has an average salary of $55,140, which is higher than the $54,119 average annual salary of a gold buyer.

The top three skills for a gold buyer include customer service, store locations and store operations. The most important skills for a senior merchandise buyer are market trends, trade shows, and product development.

Gold buyer vs senior merchandise buyer overview

Gold BuyerSenior Merchandise Buyer
Yearly salary$54,119$55,140
Hourly rate$26.02$26.51
Growth rate--
Number of jobs8,84515,693
Job satisfaction--
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 69%
Average age4444
Years of experience44

Gold buyer vs senior merchandise buyer salary

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

Gold BuyerSenior Merchandise Buyer
Average salary$54,119$55,140
Salary rangeBetween $35,000 And $81,000Between $39,000 And $76,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between gold buyer and senior merchandise buyer education

There are a few differences between a gold buyer and a senior merchandise buyer in terms of educational background:

Gold BuyerSenior Merchandise Buyer
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 69%
Most common majorBusinessBusiness
Most common collegeUniversity of AkronUniversity of Akron

Gold buyer vs senior merchandise buyer demographics

Here are the differences between gold buyers' and senior merchandise buyers' demographics:

Gold BuyerSenior Merchandise Buyer
Average age4444
Gender ratioMale, 37.3% Female, 62.7%Male, 38.4% Female, 61.6%
Race ratioBlack 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, 8.9% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.2% White, 64.0% American Indian and Alaska Native, 0.3%
LGBT Percentage9%9%

Differences between gold buyer and senior merchandise 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.

Senior merchandise buyer example responsibilities.

  • Coordinate and provide direction to inventory teams by managing product placement, open-to-buy, and logistics.
  • Work closely with the logistics department and internal warehouse to coordinate just in time deliveries and maintain daily inventory reconciliation.
  • Manage business relationship with Japanese OEM of wide-format printer engines.

Gold buyer vs senior merchandise buyer skills

Common gold buyer skills
  • Customer Service, 80%
  • Store Locations, 8%
  • Store Operations, 7%
  • Word Processing Software, 5%
Common senior merchandise buyer skills
  • Market Trends, 24%
  • Trade Shows, 23%
  • Product Development, 12%
  • Drive Sales, 8%
  • Direct Reports, 7%
  • Gross Profit, 7%

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