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Procurement Agent Salary (United States)

For Procurement Agents, yearly wages usually total $54K annually. Cash earnings for Procurement Agents — which occasionally include more than $5K from bonuses and more than $5K from profit sharing — stretch from around $35K to approximately $82K. Geographic location is the biggest factor affecting pay for this group, followed by career length. Medical benefits are awarded to the greater part, and most earn dental coverage. Men are barely outnumbered by their female counterparts, who make up a slight majority at 56 percent. For the most part, Procurement Agents enjoy their work and report high levels of job satisfaction. The data for this synopsis comes from respondents who took the PayScale salary survey.
Procurement Agent Salary (?
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.
)
$37,175 - $81,381
(Median)
37K
45K
54K
67K
81K
MEDIAN: $53,500
10%
25%
50%
75%
90%
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Procurement Agent Salary (?
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.
)
$13.43 - $29.31
(Median)
13
20
23
29
MEDIAN: $19.00
10%
50%
75%
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$28K$56K$84K
Salary
$37,175 - $81,381  
   
Bonus
$0.00 - $5,157  
Profit Sharing
$495.51 - $4,676  
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).
)
$34,777 - $82,058  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 414
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
$13.43 - $29.31  
   
Overtime
$21.03 - $43.80  
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 - $5,157  
   
Profit Sharing
$495.51 - $4,676  
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).
)
$34,777 - $82,058  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 113
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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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For Procurement Agents, career progression typically leads to a rather large increase in compensation. Usually, an upper-level role like a Procurement Manager will earn $76K annually.

Procurement Agent Job Listings

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Popular Skills for Procurement Agent

Procurement Agents generally report applying a varied skill set to their work. Most notably, facility with Contract Management, Project Management, and Sourcing are correlated to pay that is significantly above average, leading to increases of 38 percent, 16 percent, and 13 percent, respectively. At the other end of the pay range are skills like Inventory Management. Most people familiar with Contract Negotiation also know Negotiation.

Pay by Experience Level for Procurement Agent

Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Procurement Agents, more experience in the field does not usually mean bigger paychecks. Relatively untried employees who have fewer than five years of experience earn around $49K on average. People who have worked for five to 10 years can expect a higher median salary of $56K. After working for 10 to 20 years, Procurement Agents make a median salary of $58K. After two decades in the workforce, the average Procurement Agent generally earns more than ever; median pay for this group is estimated at $71K. Between one and nine years is the typical spectrum of experience for those in this line of work — of those who took the survey, a majority land within it. Experienced employees who have 10-20 years of experience make up around one in four of the workforce; inexperienced individuals who have been working for less than one year comprise less than five percent, and senior people with more than 20 years under their belt fill out the remaining close to one-eighth.

Pay Difference By Location

Philadelphia
up arrow 42%
Washington
up arrow 23%
up arrow 17%
Dallas
up arrow 11%
Everett
up arrow 10%
St. Louis
0%
National Average
$53,000
Houston
up arrow 1%
Miami
up arrow 7%
Atlanta
up arrow 20%
Larger circles over a city indicate a job is popular in that location.
Surpassing the national average by 42 percent, Procurement Agents in Philadelphia receive some of the highest pay in the country. Washington, Seattle, Dallas, and Everett are a few other cities that offer generous salaries, with Procurement Agents earning around 23 percent, 17 percent, 11 percent, and 10 percent more than average. Procurement Agents in Atlanta report much lower salaries than the rest of the country — 20 percent below the national average — proving that residence is a major factor in overall pay. Employers pay around 7 percent less in Miami and 1 percent less in Houston, below-median salaries for those in this field.

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Experience Affects Procurement Agent Salaries

National Average
$53,000

Skills That Affect Procurement Agent Salaries

Contract Management
up arrow 38%
Project Management
up arrow 16%
Sourcing
up arrow 13%
Supplier Management
up arrow 10%
Negotiation
up arrow 4%
Purchasing
up arrow 1%
National Average
$53,000
Inventory Management
up arrow 7%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 119 votes.

Gender

Female
56%
female alumni
 
Male
44%
male alumni

Years of Experience

Less than 1 year
4%
1-4 years
33%
5-9 years
24%
10-19 years
25%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 79%
vision benefits Vision: 69% employee benefits None: 9%