Procurement Analyst Salary

Procurement Analysts in the United States take home approximately $57K annually on average. In the world of Procurement Analysts, total cash compensation can vary between $39K and $84K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $8K and $7K, respectively. This group's pay is mainly influenced by experience level, followed by geography and the particular employer. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 51 percent. Job satisfaction is reported as high by the vast majority of workers. This snapshot results from replies to PayScale's salary survey.
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$40,001 - $83,448

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$15.19 - $34.77

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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
$40,001 - $83,448  
   
Bonus
$0.00 - $7,661  
Profit Sharing
$587 - $6,638  
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).
)
$38,524 - $84,059  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 609
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$15$30$45
Hourly Rate
$15.19 - $34.77  
   
Overtime
$21.87 - $43.88  
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$30K$60K$90K
Bonus
$0.00 - $7,661  
   
Profit Sharing
$587 - $6,638  
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).
)
$38,524 - $84,059  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 98
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Job Description for Procurement Analyst

A procurement analyst builds new relationships between the company and vendors, and ensures that these relationships are maintained to the satisfaction of all parties. The analyst also negotiates arrangements for the purchase of the goods, materials, and services the company requires within its budget limitations. In meetings with vendors, the procurement analyst must determine prices and set up a system of delivery, as well as research the market appropriately to ensure that the company is getting the best possible value. They must research the vendors to verify their credibility and ability to provide what is promised, as well as keep abreast of data resulting from the vendor relationship to make sure it is worth maintaining in its present form or at all.

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Procurement Analyst Tasks

  • Negotiate costs, specifications, and timelines with vendors and suppliers, ensuring beneficial contracts.
  • Coordinate payment, delivery, scheduling, and organization of purchases, and place orders to ensure ongoing supply.
  • Define, measure, and track categories for spending to provide targeted analyses of budget.
  • Collect and analyze organization-wide data to support decision-making groups.
  • Update system and inventory data, leading data quality and assurance.

Common Career Paths for Procurement Analyst


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Procurement Analysts who move on to become Procurement Managers may enjoy significant pay raises, as Procurement Managers get paid an average of $76K per year.

Procurement Analyst Job Listings

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Popular Employer Salaries for Procurement Analyst


Popular Skills for Procurement Analyst


Survey results suggest that Procurement Analysts use a fairly large toolkit of professional skills. Most notably, facility with Negotiation, Sourcing, and Contract Management are correlated to pay that is significantly above average, leading to increases of 34 percent, 23 percent, and 16 percent, respectively. For most people, competency in Data Analysis indicates knowledge of Microsoft Excel and Contract Negotiation. People who know Purchasing usually also know Contract Negotiation and Microsoft Excel.

Pay by Experience Level for Procurement Analyst

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


Procurement Analysts with a rich background of experience are typically rewarded with larger paychecks. The median compensation for relatively untried workers is $52K; in the five-to-10 year group, it's higher at around $63K. For Procurement Analysts, 10 to 20 years of experience on the job amounts to an average salary of $65K. Survey participants who have worked for more than two decades report bringing in $87K on average.

Pay Difference by Location


Washington is home to an above-average pay rate for Procurement Analysts, 40 percent higher than the national average. Procurement Analysts can also look forward to large paychecks in cities like Chicago (+14 percent), San Diego (+13 percent), Dallas (+10 percent), and Houston (+10 percent). One of the biggest compensable factors for Procurement Analysts is geography, with workers in Miami earning a whopping 21 percent below the national average. Employers also pay below the national average in Charlotte (14 percent lower) and San Antonio (13 percent lower).

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Experience Affects Procurement Analyst Salaries




National Average
$56,000


Skills That Affect Procurement Analyst Salaries

Negotiation
up arrow 34%

Sourcing
up arrow 23%





Purchasing
up arrow 1%

Data Analysis
0%

National Average
$56,000

Microsoft Excel
up arrow 1%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 99 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
8%
1-4 years
50%
5-9 years
21%
10-19 years
15%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 77%
vision benefits Vision: 64% employee benefits None: 12%
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