Procurement Analysts in the United States can expect to earn an average of $60K per year. While the particular city and the individual firm impact pay for this group, career length is the most influential factor. A large number enjoy medical while most get dental coverage. Vision coverage is also available to a fair number. Men working as Procurement Analysts who took the survey just slightly outnumber women at 50 percent. Most Procurement Analysts report high levels of job satisfaction. The data in this summary comes from the PayScale salary survey.
Read More
$42,644 - $82,337
$43K
$60K
$82K
MEDIAN: $59,966
10%
50%
90%

Add this chart to your site: 640px    300px

$15.10 - $33.98
$15
$22
$34
MEDIAN: $22.00
10%
50%
90%

Add this chart to your site: 640px    300px

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
$42,644 - $82,337  
   
Bonus
$1,457 - $9,082  
Profit Sharing
$2,340  
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).
)
$40,717 - $84,538  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 612
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$16$32$48
Hourly Rate
$15.10 - $33.98  
   
Overtime
$18.12 - $45.62  
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$32K$64K$96K
Bonus
$1,457 - $9,082  
   
Profit Sharing
$2,340  
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).
)
$40,717 - $84,538  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 89

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

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.

Read More...

Procurement Analyst Tasks

  • Collect and analyze organization-wide data to support decision-making groups.
  • Update system and inventory data, leading data quality and assurance.
  • Define, measure, and track categories for spending to provide targeted analyses of budget.
  • 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.

Common Career Paths for Procurement Analyst


Add this chart to your site:   640px 640px    300px 300px


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 $77K per year. Going from Procurement Analyst to Buyer is the transition that occurs most often in this field, and the average paycheck for Buyers is $47K. Many others choose to work as Senior Buyers, where pay is typically $66K.

Procurement Analyst Job Listings

Search for more jobs:

Popular Employer Salaries for Procurement Analyst


The biggest paychecks can be found at The Boeing Company — the median salary there is $64K; however, employees are subject to a wide range in pay, with the lowest salaries sitting near $51K and highest ones in the neighborhood of $92K.

Popular Skills for Procurement Analyst


Procurement Analysts seem to exploit a large range of skills on the job. Most notably, facility with Microsoft Office, Sourcing, and Contract Negotiation are correlated to pay that is significantly above average, leading to increases of 22 percent, 15 percent, and 11 percent, respectively. Skills that pay less than market rate include Vendor Management and Microsoft Excel. Those familiar with Data Analysis also tend to know Purchasing and Contract Negotiation.

Pay by Experience Level for Procurement Analyst

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


Experience is an important factor influencing the compensation of Procurement Analysts. The average inexperienced worker earns $55K, and someone who has worked for five to 10 years can expect a bigger median salary of $67K. The average pay reported by folks with 10 to 20 years of experience is around $70K. Survey participants who have worked for more than two decades report bringing in $88K on average.

Pay Difference by Location

National Average: $59,728

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

For those looking to make money, Procurement Analysts in Washington enjoy an exceptional pay rate, 32 percent above the national average. Procurement Analysts will also find cushy salaries in Dallas (+16 percent), San Diego (+15 percent), Houston (+11 percent), and Seattle (+8 percent). Trailing the national average by 20 percent, Charlotte is the market with the smallest paychecks. Employers pay around 12 percent less in Boston and 11 percent less in Phoenix, below-median salaries for those in this field.

Related Job Salaries

Key Stats for Procurement Analyst

Gender

Female
50 %
Male
50 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 62 votes.
Less than 1 year
11%
1-4 years
48%
5-9 years
22%
10-19 years
13%
20 years or more
5%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Procurement Analyst Salaries




National Average
$60,000


Skills That Affect Procurement Analyst Salaries

Microsoft Office
up arrow 22%

Sourcing
up arrow 15%




Inventory Management
up arrow 3%

Project Management
up arrow 2%

Data Analysis
0%

Purchasing
0%

National Average
$60,000

Procurement
up arrow 1%

SAP Materials Management (SAP MM)
up arrow 1%


Vendor Management
up arrow 8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 62 votes.

Gender

Female
50 %
Male
50 %

Years of Experience

Less than 1 year
11%
1-4 years
48%
5-9 years
22%
10-19 years
13%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 84%
vision benefits
Vision: 73%
dental benefits
None: 10%
ADVERTISEMENT