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The differences between merchandise planners and gold 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 merchandise planner and a gold buyer. Additionally, a merchandise planner has an average salary of $69,460, which is higher than the $54,119 average annual salary of a gold buyer.
The top three skills for a merchandise planner include gross margin, strong analytical and math. The most important skills for a gold buyer are customer service, store locations, and store operations.
| Merchandise Planner | Gold Buyer | |
| Yearly salary | $69,460 | $54,119 |
| Hourly rate | $33.39 | $26.02 |
| Growth rate | 19% | - |
| Number of jobs | 32,301 | 8,845 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 82% | Bachelor's Degree, 38% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
Merchandise planners and gold buyers have different pay scales, as shown below.
| Merchandise Planner | Gold Buyer | |
| Average salary | $69,460 | $54,119 |
| Salary range | Between $46,000 And $102,000 | Between $35,000 And $81,000 |
| Highest paying City | San Francisco, CA | - |
| Highest paying state | California | - |
| Best paying company | Pandora | - |
| Best paying industry | Retail | - |
There are a few differences between a merchandise planner and a gold buyer in terms of educational background:
| Merchandise Planner | Gold Buyer | |
| Most common degree | Bachelor's Degree, 82% | Bachelor's Degree, 38% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Akron |
Here are the differences between merchandise planners' and gold buyers' demographics:
| Merchandise Planner | Gold Buyer | |
| Average age | 44 | 44 |
| Gender ratio | Male, 37.1% Female, 62.9% | Male, 37.3% Female, 62.7% |
| Race ratio | 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% | 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% |
| LGBT Percentage | 9% | 9% |