Procurement Agent Salary

Procurement Agents in the United States take home approximately $54K per year on average. In the world of Procurement Agents, overall cash allowance can occasionally include more than $5K from bonuses and, in some exceptional cases, $5K from profit sharing, causing incomes to vary widely between $34K and $80K. Location and years of experience each impact pay for this group, with the former having the largest influence. Job satisfaction is high and work is enjoyable for most Procurement Agents. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 53 percent. The numbers in this rundown were provided by PayScale's salary survey participants.

$37,556 - $80,164
(Median)
$38K
$54K
$80K
MEDIAN: $53,692
10%
50%
90%

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$13.44 - $27.79
(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
$37,556 - $80,164  
   
Bonus
$0.00 - $5,125  
Profit Sharing
$490.35 - $4,848  
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).
)
$34,485 - $79,998  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 567
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
$13.44 - $27.79  
   
Overtime
$20.94 - $42.44  
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 - $5,125  
   
Profit Sharing
$490.35 - $4,848  
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).
)
$34,485 - $79,998  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 178
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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 often transition into Procurement Manager positions, for which compensation tends to be much higher. On average, Procurement Managers earn $76K per year.

Procurement Agent Job Listings

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Popular Skills for Procurement Agent


Survey participants wield an impressively varied skill set 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 44 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. The majority of those who know 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.


More years of relevant experience do not necessarily translate to higher paychecks. Survey participants with less than five years' experience pocket $48K on average, but those with five to 10 years of experience enjoy a much bigger median of $56K. Procurement Agents with one to two decades of relevant experience report an average salary of approximately $57K. 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


Home to some of the best pay for Procurement Agents, Mesa offers exceptional salaries, 34 percent above the national average. Procurement Agents will also find cushy salaries in Philadelphia (+31 percent), Renton (+26 percent), Los Angeles (+26 percent), and Washington (+22 percent). The smallest paychecks in the market, 16 percent south of the national average, can be found in Atlanta. Workers in Miami and St. Louis earn salaries that trail the national average for those in this profession (8 percent less and 1 percent less, respectively).

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Experience Affects Procurement Agent Salaries




National Average
$52,000


Skills That Affect Procurement Agent Salaries

Contract Management
up arrow 44%

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 130 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
23%
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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