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The differences between merchandise buyers and merchandise planners 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 merchandise buyer, becoming a merchandise planner takes usually requires 2-4 years. Additionally, a merchandise planner has an average salary of $69,460, which is higher than the $49,264 average annual salary of a merchandise buyer.
The top three skills for a merchandise buyer include vendor relations, purchase orders and customer service. The most important skills for a merchandise planner are gross margin, strong analytical, and math.
| Merchandise Buyer | Merchandise Planner | |
| Yearly salary | $49,264 | $69,460 |
| Hourly rate | $23.68 | $33.39 |
| Growth rate | 19% | 19% |
| Number of jobs | 22,291 | 32,301 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 82% |
| Average age | 47 | 44 |
| Years of experience | - | 4 |
Merchandise buyers and merchandise planners have different pay scales, as shown below.
| Merchandise Buyer | Merchandise Planner | |
| Average salary | $49,264 | $69,460 |
| Salary range | Between $37,000 And $64,000 | Between $46,000 And $102,000 |
| Highest paying City | Fairview, NJ | San Francisco, CA |
| Highest paying state | New Jersey | California |
| Best paying company | Bob's Discount Furniture | Pandora |
| Best paying industry | Manufacturing | Retail |
There are a few differences between a merchandise buyer and a merchandise planner in terms of educational background:
| Merchandise Buyer | Merchandise Planner | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 82% |
| Most common major | Business | Business |
| Most common college | University of Minnesota - Twin Cities | University of Pennsylvania |
Here are the differences between merchandise buyers' and merchandise planners' demographics:
| Merchandise Buyer | Merchandise Planner | |
| Average age | 47 | 44 |
| Gender ratio | Male, 37.2% Female, 62.8% | Male, 37.1% Female, 62.9% |
| Race ratio | Black or African American, 3.9% Unknown, 3.1% Hispanic or Latino, 8.7% Asian, 6.7% White, 76.8% American Indian and Alaska Native, 0.8% | Black or African American, 8.6% Unknown, 4.6% Hispanic or Latino, 15.9% Asian, 6.1% White, 64.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 15% | 9% |