AnsomMag.com |

EAST BRUNSWICK, N.J. , Aug. 12 /PRNewswire/ -- Although their roles have narrowed over the years, experienced buyers at retail companies commonly command six-figure base salaries that are augmented by bonuses.

According to a survey recently conducted by retail executive search firm Career Management, nearly 60% of buyers with 10 or more years of buying experience earn more than $100,000 per year, with 43.8% of respondents reporting salaries (excluding bonuses and other compensation) in the $100,000-$150,000 range, 11.4% in the $150,000 to $200,000 range, and 4.2% exceeding $200,000. At the lower end of the scale, 24.0% of buyers within this group earned in the $80,000 to $100,000 range, 5.2% were in the $70,000 to $80,000 range, and 11.4% earned less than $70,000.

Among respondents with five to 10 years of buying experience, approximately one-third had six-figure base salaries, with 27.7% earning between $100,000 and $150,000 and 6.2% surpassing $150,000. Rounding out this group, 21.5% reported salaries in the $80,000 to $100,000 range, 26.2% earned between $70,000 and $80,000, 13.8% were between $60,000 and $70,000, and 4.6% earned less than $60,000.

Just over half of the respondents with less than five years buying experience earned over $70,000, with 28.4% in the $70,000 to $80,000 range and 23.8% exceeding $80,000. Rounding out this group, 20.5% had salaries in the $60,000 to $70,000 range, 11.4% were in the $50,000 to $60,000 range, and 15.9% earned less than $50,000.

In an overwhelming number of cases, these buyers can augment those salaries with bonuses, with 83.3% of respondents indicating they are eligible for such compensation. The average size of the bonus in relation to annual salary was up to 10% for 24.2% of respondents, 10% to 20% for 39.6% of the group, 20% to 30% for 25.0% of those surveyed, 30% to 40% for 5.6%, and 40%-plus for another 5.6%.