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Procurement Agent Salary

Earnings for Procurement Agents in the United States come in at around $53K per year on average. Overall cash earnings of Procurement Agents stretch from $34K near the bottom to $80K at the top, and the heftiest packages can encompass around $5K each from bonuses and profit sharing. Geographic location and career length each impact pay for this group, with the former having the largest influence. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 54 percent. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Work is enjoyable for Procurement Agents, who typically claim high levels of job satisfaction. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$37,243 - $79,757
(Median)
$37K
$53K
$80K
MEDIAN: $53,352
10%
50%
90%

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$13.68 - $27.89
(Median)
$14
$19
$28
MEDIAN: $19.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$27K$54K$81K
Salary
$37,243 - $79,757  
   
Bonus
$0.00 - $5,122  
Profit Sharing
$487.22 - $4,966  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$34,425 - $79,591  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 545
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$15$30$45
Hourly Rate
$13.68 - $27.89  
   
Overtime
$20.55 - $42.97  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30K$60K$90K
Bonus
$0.00 - $5,122  
   
Profit Sharing
$487.22 - $4,966  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$34,425 - $79,591  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 169
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Job Description for Procurement Agent

A procurement agent is responsible for buying high-quality items for clients at the lowest possible prices and in the correct amount. They also prepare purchase orders and solicit bid proposals, as well as review requests for goods while making sure items' suppliers offer appropriate pricing, selection, support, and reliability. The procurement agent must also follow all local laws and regulations related to purchasing and selling items, as well as negotiate and renegotiate contracts with vendors or suppliers as necessary. They must also keep their supervisors informed of their progress and provide business transaction logs, information on contract changes, and updates on item shipments.

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Procurement Agent Tasks

  • Write and analyze requisitions, invoices, supply requests and supply orders.
  • Track and monitor inventory and needs to determine when to order or purchase new items.
  • Negotiate with different suppliers for price, quality, timeliness and other factors.
  • Expedite and liaise with suppliers to ensure timely delivery of goods.

Common Career Paths for Procurement Agent


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Many Procurement Agents move into a Procurement Manager role, and folks who currently hold that position report a much higher median income of $76K per year.

Procurement Agent Job Listings

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Popular Skills for Procurement Agent


Procurement Agents seem to wield many skills on the job. Lucky workers who know Contract Management can expect a significant pay bump, scoring salaries 45 percent above average. Procurement and Project Management are also correlated to pay that is above average, with increases between 18 percent and 45 percent. Skills that pay less than market rate include Inventory Management and Materials Requirement Planning. Most people skilled in Contract Negotiation are similarly competent in Negotiation.

Pay by Experience Level for Procurement Agent

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Procurement Agents with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Salaries for inexperienced workers average out to $55K, and those with five to 10 years' experience earn a higher median of $48K. For Procurement Agents, 10 to 20 years of experience on the job amounts to an average salary of $58K. In the end, the overall pattern seems to be that more experience generally corresponds to higher pay; a Procurement Agent with more than 20 years of experience can earn $66K on average.

Pay Difference by Location


For Procurement Agents, busy Philadelphia offers a higher-than-average pay rate, 38 percent above the national average. Procurement Agents will also find cushy salaries in Mesa (+35 percent), Los Angeles (+28 percent), Renton (+26 percent), and Washington (+22 percent). Location is a huge contributor to overall pay, with Procurement Agents in Chicago earning a whopping 23 percent below the national average. Atlanta and Miami are a couple other places where companies are known to pay below the median — salaries are 19 percent lower and 7 percent lower, respectively.

Related Job Salaries

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Experience Affects Procurement Agent Salaries




National Average
$52,000


Skills That Affect Procurement Agent Salaries

Contract Management
up arrow 45%

Procurement
up arrow 18%

Project Management
up arrow 18%

Supplier Management
up arrow 15%

Sourcing
up arrow 14%


Vendor Management
up arrow 9%

Negotiation
up arrow 4%

Purchasing
up arrow 1%

National Average
$52,000

Materials Requirement Planning (MRP)
up arrow 3%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 134 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
4%
1-4 years
35%
5-9 years
23%
10-19 years
25%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 79%
vision benefits Vision: 68% employee benefits None: 10%
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