Procurement Agent Salary

Procurement Agents in the United States take home approximately $54K annually on average. In the world of Procurement Agents, total cash compensation can vary between $35K and $81K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $5K and $5K, respectively. Location is the biggest factor affecting pay for this group, followed by experience level. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 55 percent. Most Procurement Agents report high levels of job satisfaction. This report is based on answers to PayScale's salary questionnaire.

$37,150 - $81,134
(Median)
$37K
$54K
$81K
MEDIAN: $54,049
10%
50%
90%

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$13.32 - $28.53
(Median)
$13
$20
$29
MEDIAN: $19.00
10%
50%
90%

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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$28K$56K$84K
Salary
$37,150 - $81,134  
   
Bonus
$0.00 - $5,169  
Profit Sharing
$484.79 - $4,622  
Commission
$4,800  
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).
)
$34,669 - $80,835  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 631
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
$13.32 - $28.53  
   
Hourly Tips
$1.16  
Overtime
$21.17 - $44.93  
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 - $5,169  
   
Commission
$4,800  
Profit Sharing
$484.79 - $4,622  
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).
)
$34,669 - $80,835  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 197
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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 might see a strong upturn in salary after transitioning into upper-level roles such as Procurement Manager, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $77K per year.

Procurement Agent Job Listings

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Popular Skills for Procurement Agent


Procurement Agents seem to wield many skills on the job. Most notably, facility with Contract Management, Program Management, and Supplier Management are correlated to pay that is significantly above average, leading to increases of 44 percent, 33 percent, and 30 percent, respectively. Skills that pay less than market rate include Inventory Management, Materials Requirement Planning, and Data Analysis. It is often found that people who know Contract Negotiation are also skilled 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, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Workers in their first five years can expect to earn $49K, but people who have been around for five to 10 years earn a noticeably bigger sum of $56K. Procurement Agents with one to two decades of relevant experience report an average salary of approximately $58K. Veterans who have acquired more than 20 years report a median income of $66K, which is generally higher than the pay reported by other tenure groups.

Pay Difference by Location

National Average: $52,013

Larger city markers indicate a job is popular in that location.

For those looking to make money, Procurement Agents in Mesa enjoy an exceptional pay rate, 34 percent above the national average. Procurement Agents can also look forward to large paychecks in cities like Philadelphia (+30 percent), Renton (+25 percent), Los Angeles (+25 percent), and Washington (+21 percent). Miami is the lowest-paying area, 10 percent south of the national average.

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Experience Affects Procurement Agent Salaries




National Average
$52,000


Skills That Affect Procurement Agent Salaries

Contract Management
up arrow 44%

Program Management
up arrow 33%

Supplier Management
up arrow 30%

Project Management
up arrow 22%

Procurement
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%

Data Analysis
up arrow 4%


Job Satisfaction

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

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
5%
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: 78%
medical benefits
Vision: 67%
dental benefits
None: 11%
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