Procurement Agent Salary

Procurement Agents in the United States can expect wages of $54K per year on average. 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 $80K. Geographic location and tenure each impact pay for this group, with the former having the largest influence. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Most workers in this position report high levels of job satisfaction. Women Procurement Agents who took the survey just slightly outnumber men. This report is based on responses to the PayScale salary survey.

$37,527 - $80,107

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$13.42 - $27.82

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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$27K$54K$81K
Salary
$37,527 - $80,107  
   
Bonus
$0.00 - $5,118  
Profit Sharing
$491.32 - $4,750  
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).
)
$34,613 - $79,962  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 575
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$15$30$45
Hourly Rate
$13.42 - $27.82  
   
Overtime
$21.18 - $42.02  
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$30K$60K$90K
Bonus
$0.00 - $5,118  
   
Profit Sharing
$491.32 - $4,750  
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).
)
$34,613 - $79,962  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 177
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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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Procurement Agents often transition into Procurement Manager positions, for which compensation tends to be much higher. On average, Procurement Managers earn $76K per year.

Procurement Agent Job Listings

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Popular Skills for Procurement Agent


Procurement Agents seem to require a rather large skill set. Most notably, facility with Contract Management, Supplier Management, and Program Management are correlated to pay that is significantly above average, leading to increases of 44 percent, 31 percent, and 27 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Inventory Management and Materials Requirement Planning. For most people, competency in Contract Negotiation indicates knowledge of Negotiation.

Pay by Experience Level for Procurement Agent

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


Experience does not seem to be a strong driver of pay increase in this role. Those in the early stages of their career can expect to make around $48K; however, individuals with five to 10 years of experience bring in $56K on average — a distinctly larger sum. Procurement Agents who work for 10 to 20 years in their occupation tend to earn about $57K. In the end, more experience does seem to mean larger paychecks; seasoned Procurement Agents with more than 20 years of experience earn a predictably higher median salary of $65K.

Pay Difference by Location


For Procurement Agents, Mesa provides a pay rate that is 34 percent greater than the national average. Procurement Agents will also find cushy salaries in Renton (+26 percent), Los Angeles (+26 percent), Philadelphia (+22 percent), and Washington (+22 percent). Falling short of the national average by 16 percent, the area with the worst salaries is Atlanta.

Related Job Salaries

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Experience Affects Procurement Agent Salaries




National Average
$52,000


Skills That Affect Procurement Agent Salaries

Contract Management
up arrow 44%

Supplier Management
up arrow 31%

Program Management
up arrow 27%

Project Management
up arrow 22%

Procurement
up arrow 18%

Sourcing
up arrow 14%


Vendor Management
up arrow 9%

Negotiation
up arrow 4%

Purchasing
up arrow 1%

National Average
$52,000

Materials Requirement Planning (MRP)
up arrow 3%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 128 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
5%
1-4 years
35%
5-9 years
24%
10-19 years
24%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 79%
vision benefits Vision: 68% employee benefits None: 9%
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