var group_list = '';
$('#buyergroup option:selected').each(function(){
group_list += $(this).val()+",";
});
$('#buyergroup option:selected').each(function(){
group_list += $(this).val()+",";
});
alert(group_list);
<select name="buyergroup" id="buyergroup" multiple>
<option value=""></option>
.
.
.
.
</select>