Procurement Agent Salary (United States)

Pay for Procurement Agents in the United States lies in the neighborhood of $52,644 annually. Pay generally spreads from $34,777 to $82,058 per year. Geographic location and years of experience each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to the greater part, and a strong majority earn dental coverage. Women Procurement Agents just slightly outnumber men in the field. The majority of workers are highly satisfied with their job. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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.
Read More...
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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Additional career progression often leads to a hefty increase in pay for Procurement Agents. At the upper end, those who move into a Procurement Manager role can bring in an extra $23K per year.

Procurement Agent Job Listings

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Popular Skills for Procurement Agent

Survey results show that Procurement Agents use a fair number of skills. 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. Skills that pay less than market rate include 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.
Across the entire workforce, experience and pay tend to be weakly linked—those with more experience do not necessarily bring in much higher salaries. After five to 10 years, pay—which begins at $49K—can reach $56K. Those with one to two decades of experience under their belt tend to see salaries around $58K. As Procurement Agents reach two decades on the job, salary growth continues, albeit at a slower pace, with pay averaging $71K. Experienced employees who have 10-20 years of experience make up about a quarter 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 13 percent. Between one and nine years of experience is the norm for people in this field—more than half of those surveyed fit this bill.

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.
Procurement Agents will find that Philadelphia offers an impressive pay rate, one which exceeds the national average by 42 percent. Also paying near the top of the field are Washington, Seattle, Dallas, and Everett, where Procurement Agents annually earn 23 percent, 17 percent, 11 percent, and 10 percent more than the national average. The lowest-paying market is Atlanta, which sits 20 percent below the national average, proving that location is a significant contributor to overall pay. Not at the bottom but still paying below the median are employers in Miami and Houston (-7 percent and -1 percent, respectively).

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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%