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Procurement Agent Salary

An average Procurement Agent in the United States can expect to take home roughly $54K annually. Incomes of Procurement Agents vary widely depending on performance components; bonuses and profit sharing that can occasionally exceed $5K cause paychecks to spread between $34K on the low end and $80K on the high end. Location is the biggest factor affecting pay for this group, followed by experience level. Job satisfaction is high and work is enjoyable for most Procurement Agents. Women Procurement Agents who took the survey just slightly outnumber men. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Participants in PayScale's salary questionnaire provided the particulars of this report.

$37,152 - $79,929
(Median)
$37K
$54K
$80K
MEDIAN: $53,634
10%
50%
90%

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$13.82 - $27.98
(Median)
$14
$20
$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
$37,152 - $79,929  
   
Bonus
$0.00 - $5,183  
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).
)
$34,461 - $79,797  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 538
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
$13.82 - $27.98  
   
Overtime
$20.36 - $43.12  
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 - $5,183  
   
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).
)
$34,461 - $79,797  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 167

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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.

Procurement Agent Job Listings

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Popular Skills for Procurement Agent


Survey participants wield an impressively varied skill set on the job. Lucky workers who know Contract Management can expect a significant pay bump, scoring salaries 44 percent above average. Procurement and Project Management are also correlated to pay that is above average, with increases between 17 percent and 44 percent. Skills that seem to negatively impact pay include Inventory Management and Materials Requirement Planning. Those educated in Contract Negotiation tend to be well versed in Negotiation.

Pay by Experience Level for Procurement Agent

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


For Procurement Agents, experience does not seem to be a major factor in determining pay. Folks with fewer than five years of experience take home $49K on average, and those who have worked for five to 10 years see a bigger median salary of $55K. After working for 10 to 20 years, Procurement Agents make a median salary of $58K. Old hands boasting more than twenty years of relevant experience report pay that is more or less commensurate with that extensive experience; average earnings for this group come out to approximately $66K.

Pay Difference by Location


For Procurement Agents, busy Philadelphia offers a higher-than-average pay rate, 37 percent above the national average. Procurement Agents can also look forward to large paychecks in cities like Mesa (+34 percent), Los Angeles (+30 percent), Washington (+21 percent), and Seattle (+16 percent). Location significantly influences compensation, with Chicago Procurement Agents earning much less — 23 percent less — than the national average. Workers in Atlanta and Salt Lake City earn salaries that trail the national average for those in this profession (19 percent less and 17 percent less, respectively).

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United States (change)

Experience Affects Procurement Agent Salaries




National Average
$52,000


Skills That Affect Procurement Agent Salaries

Contract Management
up arrow 44%

Procurement
up arrow 17%

Project Management
up arrow 17%

Supplier Management
up arrow 15%

Sourcing
up arrow 13%


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 135 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
24%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 79%
vision benefits Vision: 69% employee benefits None: 10%
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