Procurement Analyst Salary

For Procurement Analysts, annual average wages total $57K per year. In the world of Procurement Analysts, total cash compensation can vary between $38K and $84K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $7K and $7K, respectively. Career length is the main element affecting pay for this group — the particular city and the individual firm are driving factors as well. Most workers in this position report high levels of job satisfaction. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Women make up a slight majority of Procurement Analysts (51 percent) survey respondents. This report is based on answers to PayScale's salary questionnaire.
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$39,868 - $83,294
(Median)
$40K
$57K
$83K
MEDIAN: $56,663
10%
50%
90%

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$15.23 - $35.18
(Median)
$15
$22
$35
MEDIAN: $21.00
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$29K$58K$87K
Salary
$39,868 - $83,294  
   
Bonus
$0.00 - $7,419  
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).
)
$38,370 - $84,145  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 596
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
$15.23 - $35.18  
   
Overtime
$21.94 - $43.45  
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 - $7,419  
   
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).
)
$38,370 - $84,145  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 101
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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 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 Analyst Job Listings

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Popular Employer Salaries for Procurement Analyst


Popular Skills for Procurement Analyst


Survey results imply that Procurement Analysts put a diverse skill set to use. Most notably, facility with Sourcing, Negotiation, and Contract Management are correlated to pay that is significantly above average, leading to increases of 23 percent, 21 percent, and 16 percent, respectively. Those familiar with Data Analysis also tend to know 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. Average salaries for inexperienced employees average out to around $52K, but folks who have five to 10 years of experience earn a higher median of $62K. Procurement Analysts with one to two decades of relevant experience report an average salary of approximately $65K. Old hands who claim more than two decades on the job enjoy average earnings of $87K.

Pay Difference by Location


Surpassing the national average by 38 percent, Procurement Analysts in Washington receive some of the highest pay in the country. Procurement Analysts will also find cushy salaries in Chicago (+15 percent), San Diego (+13 percent), Dallas (+11 percent), and Houston (+10 percent). The lowest-paying market is Miami, which sits 21 percent below the national average, proving that location is a significant contributor to overall pay. A couple other locations with smaller-than-average paychecks include Charlotte (14 percent lower) and San Antonio (12 percent lower).

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Experience Affects Procurement Analyst Salaries




National Average
$56,000


Skills That Affect Procurement Analyst Salaries

Sourcing
up arrow 23%

Negotiation
up arrow 21%





Purchasing
up arrow 2%

Data Analysis
0%

Microsoft Excel
0%

National Average
$56,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 101 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
8%
1-4 years
50%
5-9 years
22%
10-19 years
15%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 77%
vision benefits Vision: 63% employee benefits None: 12%
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