Procurement Agent Salary

Median pay for Procurement Agents in the United States lies in the neighborhood of $54K per year. Including potential for bonuses and profit sharing, each hitting highs of $5K, total cash payment to Procurement Agents can bottom out at $34K or peak near $80K. 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 55 percent. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Most Procurement Agents like their work and job satisfaction is high. The data for this synopsis comes from respondents who took the PayScale salary survey.

$36,918 - $80,028
(Median)
$37K
$54K
$80K
MEDIAN: $53,553
10%
50%
90%

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$13.74 - $27.84
(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
$36,918 - $80,028  
   
Bonus
$0.00 - $5,211  
Profit Sharing
$481.77 - $5,106  
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).
)
$34,315 - $80,095  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 528
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
$13.74 - $27.84  
   
Overtime
$19.24 - $43.68  
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 - $5,211  
   
Profit Sharing
$481.77 - $5,106  
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).
)
$34,315 - $80,095  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 160

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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


Survey results imply that Procurement Agents put a diverse skill set to use. Lucky workers who know Contract Management can expect a significant pay bump, scoring salaries 44 percent above average. Project Management and Supplier Management are also correlated to pay that is above average, with increases between 15 percent and 44 percent. Skills that are correlated to lower pay, on the other hand, include Inventory Management and Materials Requirement Planning. Those familiar with Contract Negotiation also tend to know 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. Those who have worked for fewer than five years take home a median salary of $49K, and workers with five to 10 years of experience earn a higher $55K on average. After working for 10 to 20 years, Procurement Agents make a median salary of $57K. 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


Philadelphia offers some of the highest pay in the country for Procurement Agents, 37 percent above the national average. Procurement Agents will also find cushy salaries in Los Angeles (+30 percent), Washington (+21 percent), Seattle (+16 percent), and Dallas (+13 percent). Procurement Agents' salaries are heavily influenced by location — Procurement Agents in Chicago bring in salaries that are 23 percent lower than the national average. Employers in Atlanta and Salt Lake City also lean toward paying below-median salaries (19 percent lower and 17 percent lower, respectively).

Related Job Salaries

United States (change)

Experience Affects Procurement Agent Salaries




National Average
$52,000


Skills That Affect Procurement Agent Salaries

Contract Management
up arrow 44%

Supplier Management
up arrow 15%

Sourcing
up arrow 15%

Project Management
up arrow 15%


Vendor Management
up arrow 8%

Negotiation
up arrow 4%

Purchasing
0%

National Average
$52,000

Materials Requirement Planning (MRP)
up arrow 4%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 137 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
4%
1-4 years
34%
5-9 years
24%
10-19 years
25%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 80%
vision benefits Vision: 69% employee benefits None: 10%