Salaries can vary significantly depending on your experience and location but we look at the average salary as well as other factors that contribute to your salary as a buyer.
The average salary for buyers is $99,000 per year. This figure varies among industries and positions within the field. For example, buyers at retail stores tend to make less than buyers at hospitals or schools.
The median salary for buyers is $91,000 per year. This means that half of all buyers earn more than this amount and half earn less.
Salary for buyers
A person working as a Buyer in Nigeria typically earns around 453,000 NGN per month. Salaries range from 244,000 NGN (lowest) to 684,000 NGN (highest).
This is the average monthly salary including housing, transport, and other benefits. Buyer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Buyer Salary Distribution in Nigeria
The median, the maximum, the minimum, and the range
- Salary RangeBuyer salaries in Nigeria range from 244,000 NGN per month (minimum salary) to 684,000 NGN per month (maximum salary).
- Median SalaryThe median salary is 416,000 NGN per month, which means that half (50%) of people working as Buyer(s) are earning less than 416,000 NGN while the other half are earning more than 416,000 NGN. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
- PercentilesClosely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Buyer(s) are earning less than 297,000 NGN while 75% of them are earning more than 297,000 NGN. Also from the diagram, 75% of Buyer(s) are earning less than 506,000 NGN while 25% are earning more than 506,000 NGN.
Buyer Salary Comparison by Years of Experience
How does experience and age affect your pay?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Buyer salaries by experience level and this is what we found.
A Buyer with less than two years of experience makes approximately 284,000 NGN per month.
While someone with an experience level between two and five years is expected to earn 359,000 NGN per month, 26% more than someone with less than two year’s experience.
Moving forward, an experience level between five and ten years lands a salary of 473,000 NGN per month, 32% more than someone with two to five years of experience.
Additionally, Buyer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 556,000 NGN per month, 18% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 616,000 NGN per month, 11% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 655,000 NGN per month, 6% more than people with fifteen to twenty years of experience.
Buyer average salary change by experience in Nigeria
| 0 – 2 Years | 284,000 NGN | |
| 2 – 5 Years | +26% | 359,000 NGN |
| 5 – 10 Years | +32% | 473,000 NGN |
| 10 – 15 Years | +18% | 556,000 NGN |
| 15 – 20 Years | +11% | 616,000 NGN |
| 20+ Years | +6% | 655,000 NGN |
Percentage increase and decrease are relative to the previous value
Buyer Salary Comparison By Education
How do education levels affect salaries?
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Buyer salaries by education level in order to make a comparison.
When the education level is High School, the average salary of a Buyer is 345,000 NGN per month.
While someone with a Certificate or Diploma gets a salary of 389,000 NGN per month, 13% more than someone having a High School degree.
A Bachelor’s Degree gets its holder an average salary of 512,000 NGN per month, 32% more than someone with a Certificate or Diploma.
Professionals who hold a Master’s Degree are rewarded with an average salary of 635,000 NGN per month, 24% more than someone with Bachelor’s Degree.
Buyer average salary difference by education level in Nigeria
| High School | 345,000 NGN | |
| Certificate or Diploma | +13% | 389,000 NGN |
| Bachelor’s Degree | +32% | 512,000 NGN |
| Master’s Degree | +24% | 635,000 NGN |
Percentage increase and decrease are relative to the previous value
