Procurement Agent Salary (United States)

Procurement Agents in the United States usually make around $52,644 annually. Compensation generally starts at $34,777 and does not exceed $82,058 per year. Total cash income, which bottoms out near $37,175 and peaks near $81,381, incorporates potential for more than $5,157 from bonuses and close to $4,676 from profit sharing in exceptional cases. Geography is the biggest factor affecting pay for this group, followed by years of experience. Most people in this field enjoy health coverage; most receive medical and dental insurance and a majority get vision insurance. Women make up a slight majority of Procurement Agents (56 percent). Job satisfaction for Procurement Agents is high. Responses to PayScale's salary questionnaire form the basis for this outline.
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  
PayScale
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  
PayScale
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.
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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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More often than not, Procurement Agents can expect a sizeable increase in earnings as they climb the career ladder. For example, top-notch roles like Procurement Manager can offer an extra $23K annually than lower-level jobs in the same field.

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 are correlated to lower pay, on the other hand, include Inventory Management. Most people experienced in 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.
Though Procurement Agents can expect regular salary growth as they advance in their careers, experience does not seem to be a strong driver of pay increase. After five to 10 years, pay—which begins at $49K—can reach $56K. Earnings total $58K after one to two decades. Though salary increases are not as strong, pay continues to grow slightly for Procurement Agents after two decades on the job, and average earnings come to $71K. Experienced employees who have 10-20 years of experience make up 25 percent of the workforce; inexperienced individuals who have been working for less than one year comprise less than five, and senior people with more than 20 years under their belt fill out the remaining 13 percent. Most employees in this workforce have between one and nine years of experience; more than half of those surveyed fall within this distribution.

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.
Home to some of the best pay for Procurement Agents, Philadelphia offers exceptional salaries, 42 percent above the national average. Other big spenders include Washington, Seattle, Dallas, and Everett, top-paying cities where Procurement Agents see paychecks higher than average (+23 percent, +17 percent, +11 percent, and +10 percent). The lowest-paying market is Atlanta, which sits 20 percent below the national average, proving that location is a significant contributor to overall pay. Miami and Houston are a couple other places where companies are known to pay below the median—salaries hover around -7 percent and -1 percent, respectively.

Related Job Salaries

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%
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