Procurement Agent Salary

Procurement Agents in the United States can expect to earn an average of $59K per year. In the world of Procurement Agents, total cash compensation can vary between $35K and $91K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $5K and $4K, respectively. 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. Men working as Procurement Agents who took the survey just slightly outnumber women at 50 percent. A large number report receiving medical coverage from their employers and most collect dental insurance. This snapshot results from replies to PayScale's salary survey.

$37,157 - $89,970
$37K
$59K
$90K
MEDIAN: $58,640
10%
50%
90%

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$13.05 - $30.32
$13
$20
$30
MEDIAN: $19.78
10%
50%
90%

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$0$90K
Salary $37,157 - $89,970
Bonus $600 - $5,193
Profit Sharing $175.00 - $4,250
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).
)
$35,127 - $90,857
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 276
Hourly Data $0$50
Hourly Rate $13.05 - $30.32
Overtime $24.27 - $50.78
Annual Data $0$90K
Bonus $600 - $5,193
Profit Sharing $175.00 - $4,250
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).
)
$35,127 - $90,857
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 71

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United States (change)

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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 who move on to become Procurement Managers may enjoy significant pay raises, as Procurement Managers get paid an average of $78K per year.

Procurement Agent Job Listings

Popular Skills for Procurement Agent


Procurement Agents report using a deep pool of skills on the job. Most notably, facility with Procurement, Contract Management, and Supplier Management are correlated to pay that is significantly above average, leading to increases of 35 percent, 31 percent, and 22 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Materials Requirement Planning, Data Analysis, and Inventory Management. Those educated in Contract Negotiation tend to be well versed in Negotiation.

Pay by Experience Level for Procurement Agent

Pay by Experience for a Procurement Agent has a positive trend. An entry-level Procurement Agent with less than 5 years of experience can expect to earn an average total compensation of $51,000 based on 213 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Procurement Agent with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $61,000 based on 131 salaries. An experienced Procurement Agent which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $70,000 based on 102 salaries. A Procurement Agent with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $70,000 based on 46 salaries.

Pay Difference by Location

51%

34%

21%

14%

11%

-12%

-16%

National Average: $56,924

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

For those looking to make money, Procurement Agents in Houston enjoy an exceptional pay rate, 51 percent above the national average. Procurement Agents will also find cushy salaries in Mesa (+34 percent), Everett (+21 percent), Seattle (+14 percent), and Los Angeles (+13 percent). Procurement Agents' salaries are heavily influenced by location — Procurement Agents in Orlando bring in salaries that are 30 percent lower than the national average. Not at the bottom but still paying below the median are employers in Miami and Dallas (16 percent lower and 14 percent lower, respectively).

Procurement Agent Reviews

Q: What is it like working as a Procurement Agent?

Procurement Agent in Aurora:
"Responsibility,"
Pros: Responsibility, amount of work keeps me interested and day goes by.
Cons: The lack of help since no body else knows how to do what I do.

Related Job Salaries

Key Stats for Procurement Agent

Gender

Female
50 %
Male
50 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 65 votes.
Less than 1 year
6%
1-4 years
38%
5-9 years
22%
10-19 years
23%
20 years or more
11%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Procurement Agent Salaries

▲23%

▲22%

▲7%

National Average
$57,000

▼11%

Skills That Affect Procurement Agent Salaries

Procurement
▲35%

Contract Management
▲31%


Program Management
▲21%

Project Management
▲21%

Operations Management
▲10%


▲6%

Sourcing
▲3%

▼0%

National Average
$57,000

Vendor Management
▼1%


Materials Requirement Planning (MRP)
▼12%

Data Analysis
▼12%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 65 votes.

Gender

Female
50 %
Male
50 %

Years of Experience

Less than 1 year
6%
1-4 years
38%
5-9 years
22%
10-19 years
23%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 82%
vision benefits
Vision: 74%
no benefits
None: 11%
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