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Information on Master’s Degree Programs in Retail Buying

Majors Overview June 9, 2015

This article talks about master’s degree programs in retail buying and their education requirements, coursework, job outlook, and continuing education choices.

Master’s Programs in Retail Buying

Students enrolled in a merchandising master’s program gain the theoretical background necessary for accomplishing the movement of products from initial design to a consumer’s purchase. Students will also gain an outlook on system collaboration that involves cultural, environmental, political, economic, and social factors. Many schools offer such master’s programs in online formats. Program graduates may additionally earn professional certifications including the Certified Professional Purchasing Manager and Certified Purchasing Professional by passing qualifying exams.

Education Requirements

Admission criteria typically require incoming students to submit scores from the Graduate Record Examination (GRE) and hold a bachelor’s degree. Prerequisites are usually limited to the graduate school’s entrance requirements. Schools may also require a certain grade point average.

Coursework

Program graduates gain expertise in market research, tracking of inventory, and negotiation with suppliers. Core coursework may cover topic areas such as:

•Product evaluation and specifications
•Response to factors that influence business performance
•Researching merchandise techniques
•Factors influencing consumer behavior
•Merchandising financial trends
•Application and theory of merchandising strategies
•Personal leadership philosophy development

Job Outlook

Over the 2010 – 2020 decade, a job growth rate of 9% has been predicted for retail and wholesale buyers (excluding those employed in the farming industry) (U.S. Bureau of Labor Statistics). In May 2012, these professionals brought in an average annual wage of $51,470. During the same period, retail and wholesale buyers working for piece goods, apparel, and notions merchant wholesale companies brought in an average annual wage of $60,980.

Continuing Education Choices

Program graduates may seek professional certification to ensure career advancement. Graduates may look into Certified Purchasing Professional (CPP), Certified Professional in Supply Management (CSPM), Certified Supply Chain Professional (CSCP) or Certified Professional Purchasing Manager (CPPM) certifications. Certified organizations also offer continuing education courses required to maintain certification.

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3 Program(s) Found
  • Ranked among top Regional Universities in the South by U.S. News and World Report in 2015.
  • Ranked 37th among the Best Colleges for Veterans by U.S. News and World Report in 2015.
  • Stands as the largest private, nonprofit university in the nation with 100,000+ students.
  • Offers over 230 programs online, from the certificate to the doctoral level.
  • Has a student-faculty ratio of 25:1, and 42.3% of its classes have fewer than 20 students.
Show more [+]
  • Accredited
  • Online Courses
  • Financial Aid
  • Transferable Credits
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
2 Program(s) Found
  • Campus-based and online business programs include Entertainment Business (BS), Internet Marketing (BS), and Business Intelligence (MS)
  • Students will explore business concepts like marketing, global media management, and business technology and design
  • Courses designed to prepare students for a career in business and Career Development advisors available to all alumni
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average
  • Online Courses
1 Program(s) Found
  • Named a Best for Vets school by the Military Times in 2014.
  • Has specialized in student-centered technology, business, criminal justice, health science, and culinary education for over 45 years.
  • Makes it possible for students to earn a bachelor’s degree in 2.5 years or an associate’s in 1.5 years by providing a year-round schedule.
  • Offers externships and clinical experience that help students prepare for life after they graduate.
  • Has 10 campuses across the mid-Atlantic, plus online degree programs.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits

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