Procurement Agent Salary

Procurement Agents in the United States can expect to earn an average of $58K annually. Total cash compensation for Procurement Agents runs from $35K to $88K depending on bonuses that can occasionally exceed $5K and profit sharing that can reach almost $4K. Location is the biggest factor affecting pay for this group, followed by tenure. Job satisfaction is reported as high by the vast majority of workers. Women make up a slight majority of Procurement Agents (52 percent) survey respondents. Medical benefits are awarded to most, and a large number earn dental coverage. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$38,273 - $87,697
$38K
$58K
$88K
MEDIAN: $58,376
10%
50%
90%

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$12.02 - $29.34
$12
$20
$29
MEDIAN: $19.70
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$30K$60K$90K
Salary
$38,273 - $87,697  
   
Bonus
$501 - $5,122  
Profit Sharing
$489.36 - $4,122  
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).
)
$35,350 - $88,434  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 320
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$17$34$51
Hourly Rate
$12.02 - $29.34  
   
Overtime
$24.37 - $49.19  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$501 - $5,122  
   
Profit Sharing
$489.36 - $4,122  
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).
)
$35,350 - $88,434  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 89

Find Out Exactly What You Should Be Paid

United States (change)

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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

  • Negotiate with different suppliers for price, quality, timeliness and other factors.
  • Expedite and liaise with suppliers to ensure timely delivery of goods.
  • 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.

Common Career Paths for Procurement Agent


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Procurement Agents who move on to become Procurement Managers may enjoy significant pay raises, as Procurement Managers get paid an average of $78K per year.

Procurement Agent Job Listings

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Popular Skills for Procurement Agent


Procurement Agents report using a large range of skills on the job. Most notably, facility with Procurement, Contract Management, and Supplier Management are correlated to pay that is significantly above average, leading to increases of 37 percent, 33 percent, and 24 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Materials Requirement Planning, Data Analysis, and Inventory Management. Most people who know Contract Negotiation also know Negotiation.

Pay by Experience Level for Procurement Agent

Pay by Experience for a Procurement Agent has a positive trend. An entry-level Procurement Agent with less than 5 years of experience can expect to earn an average total compensation of $51,000 based on 213 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Procurement Agent with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $61,000 based on 131 salaries. An experienced Procurement Agent which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $70,000 based on 102 salaries. A Procurement Agent with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $70,000 based on 46 salaries.

Pay Difference by Location

53%

36%

23%

16%

13%

-11%

-15%

National Average: $56,141

Larger city markers indicate a job is popular in that location.

For Procurement Agents, working in the bustling city of Houston has its advantages, including an above-average pay rate. Procurement Agents can also look forward to large paychecks in cities like Mesa (+36 percent), Everett (+23 percent), Seattle (+16 percent), and Los Angeles (+14 percent). Location significantly influences compensation, with Orlando Procurement Agents earning much less — 29 percent less — than the national average. Employers in Miami and Dallas also lean toward paying below-median salaries (15 percent lower and 12 percent lower, respectively).

Related Job Salaries

Key Stats for Procurement Agent

Gender

Female
52 %
Male
48 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 61 votes.
Less than 1 year
5%
1-4 years
39%
5-9 years
23%
10-19 years
21%
20 years or more
11%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Procurement Agent Salaries

▲24%

▲24%

▲9%

National Average
$56,000

▼10%

Skills That Affect Procurement Agent Salaries

Procurement
▲37%

Contract Management
▲33%


Program Management
▲23%

Project Management
▲23%


Operations Management
▲11%

▲8%

Sourcing
▲5%

▲1%

Vendor Management
▼0%

National Average
$56,000


Materials Requirement Planning (MRP)
▼11%

Data Analysis
▼11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 61 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
5%
1-4 years
39%
5-9 years
23%
10-19 years
21%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 81%
vision benefits
Vision: 72%
no benefits
None: 11%