Procurement Agent Salary

An average Procurement Agent in the United States can expect to take home roughly $54K annually. Total cash compensation to Procurement Agents approaches anywhere from $35K on the lower end to $81K on the higher end; in exceptional cases, this can include more than $5K from bonuses and upwards of $5K from profit sharing. Geography is the biggest factor affecting pay for this group, followed by career length. Women make up a slight majority of Procurement Agents (55 percent) survey respondents. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Job satisfaction is reported as high by the vast majority of workers. The information for this snapshot was generated by responses to the PayScale salary survey.

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

Add this chart to your site: 640px    300px

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

Add this chart to your site: 640px    300px

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
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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


Add this chart to your site:   640px 640px    300px 300px


Procurement Agents often transition into Procurement Manager positions, for which compensation tends to be much higher. On average, Procurement Managers earn $77K per year.

Procurement Agent Job Listings

Search for more jobs:

Popular Skills for Procurement Agent


Survey results imply that Procurement Agents deploy a deep pool of 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 seem to negatively impact pay include Inventory Management, Materials Requirement Planning, and Data Analysis. 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.


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. Relatively untried employees who have less than five years' experience make $49K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $56K. Procurement Agents with one to two decades of relevant experience report an average salary of approximately $58K. 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

National Average: $52,013

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

Procurement Agents will find that Mesa offers an impressive pay rate, one which exceeds the national average by 34 percent. 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.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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%
ADVERTISEMENT