Merchandising & Buying Operations

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Average Wage

$105,798

growing 8.23%

People in Workforce

11.9M

growing 2.36%

Average Employee Age

43.9

growing 0.00756%

About

Business General Sales, Merchandising, & Marketing Operations

Information about the types of higher education institutions that grant degrees in Merchandising & Buying Operations and the types of students that study this field. Ocean County Vocational-Technical School awards the most degrees in Merchandising & Buying Operations in the US.

The most common sector, by number of institutions, that offers Merchandising & Buying Operations programs are Public, 2-year institutions (2 total). N/A

Institutions

Institution with the Most Degrees Awarded in Merchandising & Buying Operations (2023)

Ocean County Vocational-Technical School
78 degrees awarded
Washtenaw Community College
34 degrees awarded
University of North Texas
21 degrees awarded

The following chart shows the share of universities that offer Merchandising & Buying Operations programs, by the total number of completions, colored and grouped by their sector.

Degrees Awarded by County

Counties with the Most Degrees Awarded in Merchandising & Buying Operations

Ocean County, NJ
78 degrees awarded
Washtenaw County, MI
34 degrees awarded
Denton County, TX
21 degrees awarded

This map shows the counties in the United States colored by the highest number of degrees awarded in Merchandising & Buying Operations by year.

Employment

Information on the businesses and industries that employ Business graduates and on wages and locations for those in the field.

The average salary for Business majors is $105,798 and the most common occupations are Accountants & auditors, Other managers, and Financial managers.

The industry that employs the most Business majors is Elementary & secondary schools, though the highest paying industry, by average wage, is Internet publishing, broadcasting & web search portals.

Yearly Income for Common Jobs

The closest comparable data for the 6 Digit Course Merchandising & Buying Operations is from the 2 Digit Course Business.

$105,798

Average Wage in Workforce

± $772

8.23%

1 Year Growth

± 0.957%

The average salary for Business majors is $105,798 and the most common occupations are Accountants & auditors, Other managers, and Financial managers.

This chart shows the average annual salaries of the most common occupations for Business majors.

Most Common

The closest comparable data for the 6 Digit Course Merchandising & Buying Operations is from the 2 Digit Course Business.

The most common occupations Business majors, by number of employees, are Accountants & auditors, Other managers, and Financial managers.

Most Specialized

The closest comparable data for the 6 Digit Course Merchandising & Buying Operations is from the 2 Digit Course Business.

Compared to other majors, there are an unusually high number of Business majors working as Accountants & auditors, Financial analysts, and Financial examiners.

Highest Paid

The closest comparable data for the 6 Digit Course Merchandising & Buying Operations is from the 2 Digit Course Business.

The highest paid occupations by median income for Business majors are Surgeons, Physicians, and Chief executives & legislators.

Occupations by Share

The closest comparable data for the 6 Digit Course Merchandising & Buying Operations is from the 2 Digit Course Business.

11.9M

2022 Workforce

± 81,438

2.36%

1 Year Growth

± 0.948%

The number of Business graduates in the workforce has been growing at a rate of 2.36%, from 11.7M in 2021 to 11.9M in 2022.

The largest single share of Business graduates go on to work as Accountants & auditors (9.23%). This chart shows the various jobs filled by those with a major in Business by share of the total number of graduates.

Most Common

The closest comparable data for the 6 Digit Course Merchandising & Buying Operations is from the 2 Digit Course Business.

The most common industries that employ Business majors, by number of employees, are Elementary & secondary schools, Accounting, tax preparation, bookkeeping & payroll services, and Computer Systems Design.

Highest Paid

The closest comparable data for the 6 Digit Course Merchandising & Buying Operations is from the 2 Digit Course Business.

The highest paying industries of Business majors, by average wage, are Internet publishing, broadcasting & web search portals, Securities, commodities, funds, trusts & other financial investments, and Oil & gas extraction.

Industries by Share

The closest comparable data for the 6 Digit Course Merchandising & Buying Operations is from the 2 Digit Course Business.

11.9M

2022 Workforce

± 81,438

2.36%

1 Year Growth

± 0.948%

The number of Business graduates in the workforce has been growing at a rate of 2.36%, from 11.7M in 2021 to 11.9M in 2022.

The industry which employs the most Business graduates by share is Elementary & secondary schools, followed by Accounting, tax preparation, bookkeeping & payroll services. This visualization shows the industries that hire those who major in Business.

Specialty Locations

The closest comparable data for the 6 Digit Course Merchandising & Buying Operations is from the 2 Digit Course Business.

This map shows the public use micro areas (PUMAs) in the United States where there are a relatively high population of Business majors.

Note that the census collects information tied to where people live, not where they work. It is possible that Business majors live and work in the same place, but it is also possible that they live and work in two different places.

Diversity

Demographic information for those who earn a degree in Business in the United States.

The average age of a person in the workforce with a degree in Business is 43.9.

N/A Female employees are more likely to hold Business degrees, and White students are the most common race/ethnicty group awarded degrees in Business (71 students).

Workforce Age

The closest comparable data for the 6 Digit Course Merchandising & Buying Operations is from the 2 Digit Course Business.

43.9

Average Age in 2022

± 0.0912 Years

0.00756%

1 Year Change

± 0.294%

This chart shows distribution of ages for employees with a degree in Business. The most common ages of employees with this major are 40 and 36 years old, which represent 2.65% and 2.62% of the population, respectively.

Workforce Degrees

The closest comparable data for the 6 Digit Course Merchandising & Buying Operations is from the 2 Digit Course Business.

The most common degree types held by the working population in Business are Bachelors Degree, Masters Degree, and Professional degree.

Sex Imbalance for Common Institutions

Female (73.9%)

Most Common Sex with a Degree in this Field

This chart shows the granted degrees by sex at the 4 institutions that graduate the most students in Merchandising & Buying Operations.

Race & Ethnicity by Degrees Awarded

Most Common Race or Ethnicity

White
71 degrees awarded
Black or African American
39 degrees awarded
Hispanic or Latino
13 degrees awarded

This chart shows the number of degrees awarded in Merchandising & Buying Operations for each race & ethnicity. White students earned the largest share of the degrees with this major.

Global Diversity

The closest comparable data for the 6 Digit Course Merchandising & Buying Operations is from the 2 Digit Course Business.

Most Common Countries of Origin

India
177,507 degree recipients
Mexico
149,786 degree recipients
Philippines
140,210 degree recipients

High Relative Number of Students

Mongolia
2.8 times more than expected
Norway
2.59 times more than expected
Zimbabwe
2.49 times more than expected

There are a relatively high number of people that were born in Mongolia that hold Business degrees (2.8 times more than expected), and the most common country of origin by total numbers for non-US students earning a degree in this field is India (177,507 degree recipients).

Skills

Data on the critical and distinctive skills necessary for those working in the Merchandising & Buying Operations field from the Bureau of Labor Statistics. Merchandising & Buying Operations majors need many skills, but most especially Negotiation. The revealed comparative advantage (RCA) shows that Merchandising & Buying Operations majors need more than the average amount of Management of Financial Resources, Management of Material Resources, and Negotiation.

These two visualizations, one a radial chart and one a bar chart, show the same information, a rating of how necessary the following skills are for Merchandising & Buying Operations majors. Toggle between "value" and "RCA" to see the absolute rating of that skill (value) and the revealed comparative advantage (RCA), or how much greater or lesser that skill's rating is than the average. The longer the bar or the closer the line comes to the circumference of the circle, the more important that skill is. The importance of Management of Financial Resources is very distinctive for majors, but the Negotiation, Critical Thinking, and Persuasion are the three most important skills for people in the field.

Radar Distribution

Bar Chart

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