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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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  • Boldly pursue your future in business with an online degree from Post University
  • Degrees at all levels with concentrations in Finance, Marketing, and much more
  • Ranked in the Best Online Bachelors Programs for Veterans by US News & World Report
  • Ranked in the Best Online Bachelor’s Programs by the US News & World Report
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  • Topped the list as Best Online Bachelor’s Program in Virginia by U.S. News & World Report in 2019.
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  • Regent is recognized among Top #10 Military Friendly Schools by Military Friendly®, 2019.
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3 Program(s) Found
  • Separate yourself from the pack by completing one of Saint Leo’s highly-rated Business degree programs. Associates, Bachelors, and Graduate degrees in highly sought-after concentrations available!
  • Learn the necessary skills and build the foundation to propel your business career by receiving an education from our faculty members with true real-world experience.
  • Saint Leo University provides academic excellence, flexibility, affordability, and a wide range of educational programs with financial aid and scholarships available to those who qualify.
  • Saint Leo offers a 14:1 Student-Teacher Ratio to ensure you get the personal attention you deserve.
  • Learn on your schedule with our 6 convenient available start dates throughout the year. Get started on earning your accredited Business degree today!
Good for Working Adults
  • Accredited
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  • Flexible Scheduling
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