Procurement Agent Salary

Procurement Agents in the United States take home approximately $58K annually on average. Including potential for bonuses and profit sharing — peaking near $5K and $4K, respectively — total cash payment to Procurement Agents can bottom out near $35K or peak near $87K depending on individual performance. Residence is the biggest factor affecting pay for this group, followed by years of experience. Most report receiving medical coverage from their employers and a large number collect dental insurance. Women Procurement Agents who took the survey just slightly outnumber men. Most Procurement Agents report high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.

$37,929 - $86,673
$38K
$58K
$87K
MEDIAN: $58,136
10%
50%
90%

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$12.11 - $28.84
$12
$19
$29
MEDIAN: $19.39
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$29K$58K$87K
Salary
$37,929 - $86,673  
   
Bonus
$508 - $5,141  
Profit Sharing
$484.79 - $3,987  
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).
)
$34,827 - $86,574  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 355
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$17$34$51
Hourly Rate
$12.11 - $28.84  
   
Hourly Tips
$1.16  
Overtime
$22.33 - $48.65  
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$50K$100K$150K
Bonus
$508 - $5,141  
   
Profit Sharing
$484.79 - $3,987  
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).
)
$34,827 - $86,574  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 102

Find Out Exactly What You Should Be Paid

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

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Popular Skills for Procurement Agent


Procurement Agents seem to wield many skills on the job. Most notably, facility with Procurement, Contract Management, and Project Management are correlated to pay that is significantly above average, leading to increases of 38 percent, 34 percent, and 24 percent, respectively. Skills that pay less than market rate include Materials Requirement Planning, Data Analysis, and Inventory Management. Those proficient in Contract Negotiation are, more often than not, also skilled in Negotiation.

Pay by Experience Level for Procurement Agent

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


Experience does not seem to be a strong driver of pay increase in this role. The average worker who claims fewer than five years of experience earns around $51K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $61K. People with 10 to 20 years of experience make an average of about $68K in this role. Procurement Agents who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $69K on average.

Pay Difference by Location

National Average: $55,819

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

Home to some of the best pay for Procurement Agents, Houston offers exceptional salaries, 50 percent above the national average. Procurement Agents can also look forward to large paychecks in cities like Mesa (+37 percent), Everett (+24 percent), Los Angeles (+15 percent), and Denver (+14 percent). One of the biggest compensable factors for Procurement Agents is geography, with workers in Orlando earning a whopping 29 percent below the national average. Miami and St. Louis are a couple other places where companies are known to pay below the median — salaries are 14 percent lower and 11 percent lower, respectively.

Related Job Salaries

Key Stats for Procurement Agent

Gender

Female
51 %
Male
49 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 64 votes.
Less than 1 year
6%
1-4 years
40%
5-9 years
22%
10-19 years
20%
20 years or more
12%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Procurement Agent Salaries

▲23%

▲23%

▲8%

National Average
$56,000

▼9%

Skills That Affect Procurement Agent Salaries

Procurement
▲38%

Contract Management
▲34%

Program Management
▲24%

Project Management
▲24%

Supplier Management
▲22%

Operations Management
▲12%


▲6%

Sourcing
▲5%

Vendor Management
▲1%

Purchasing
▼0%

National Average
$56,000


Materials Requirement Planning (MRP)
▼10%

Data Analysis
▼10%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 64 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
6%
1-4 years
40%
5-9 years
22%
10-19 years
20%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 81%
vision benefits
Vision: 72%
dental benefits
None: 11%
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