Procurement Agent Salary

Pay for Procurement Agents in the United States sits in the ballpark of $54K per year. The range in cash compensation to Procurement Agents ($34K to $80K) includes potential earnings of $5K each from bonuses and profit sharing in exceptional cases. Geographic location and years of experience each impact pay for this group, with the former having the largest influence. For the most part, Procurement Agents enjoy their work and report high levels of job satisfaction. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Women Procurement Agents who took the survey just slightly outnumber men. This report is based on answers to PayScale's salary questionnaire.

$37,534 - $79,942
(Median)
$38K
$54K
$80K
MEDIAN: $53,612
10%
50%
90%

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$13.36 - $27.62
(Median)
$13
$19
$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
$37,534 - $79,942  
   
Bonus
$0.00 - $5,141  
Profit Sharing
$487.22 - $4,966  
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).
)
$34,393 - $79,843  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 558
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
$13.36 - $27.62  
   
Overtime
$20.71 - $42.79  
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 - $5,141  
   
Profit Sharing
$487.22 - $4,966  
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).
)
$34,393 - $79,843  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 175
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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 $76K 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, Supplier Management, and Program Management are correlated to pay that is significantly above average, leading to increases of 45 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. Most people skilled in Contract Negotiation are similarly competent in Negotiation.

Pay by Experience Level for Procurement Agent

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


More years of relevant experience do not necessarily translate to higher paychecks. The average worker who claims fewer than five years of experience earns around $48K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $56K. Procurement Agents see a median salary of $57K after reaching one to two decades on the job. 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, 38 percent above the national average. Procurement Agents will also find cushy salaries in Mesa (+35 percent), Renton (+26 percent), Los Angeles (+26 percent), and Washington (+22 percent). Atlanta ranks last in the field for pay, reporting salaries 17 percent below the national average.

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 45%

Supplier Management
up arrow 31%

Program Management
up arrow 27%

Project Management
up arrow 20%

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 131 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
5%
1-4 years
35%
5-9 years
23%
10-19 years
24%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 79%
vision benefits Vision: 68% employee benefits None: 10%
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