Procurement Analyst Salary

Median pay for Procurement Analysts in the United States lies in the neighborhood of $60K annually. While years of experience and the individual firm impact pay for this group, geographic location is the most influential factor. Women Procurement Analysts who took the survey just slightly outnumber men. Nearly all report receiving medical coverage from their employers and most collect dental insurance. For the most part, Procurement Analysts enjoy their work and report high levels of job satisfaction. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$42,494 - $79,441
$42K
$60K
$79K
MEDIAN: $59,579
10%
50%
90%

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$15.03 - $33.70
$15
$22
$34
MEDIAN: $22.00
10%
50%
90%

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$0$81K
Salary $42,494 - $79,441
Bonus $1,027 - $9,000
Profit Sharing $4,127
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).
)
$40,669 - $81,479
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 675
Hourly Data $0$50
Hourly Rate $15.03 - $33.70
Overtime $20.56 - $50.00
Annual Data $0$81K
Bonus $1,027 - $9,000
Profit Sharing $4,127
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).
)
$40,669 - $81,479
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 98

Find Out Exactly What You Should Be Paid

United States (change)

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

  • 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


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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 $78K per year. Becoming a Buyer is, more often than not, the most common role that Procurement Analysts move into when they're ready for the next step in their career. A median salary for a Buyer is $47K. Another frequent advance is for Procurement Analysts to assume a Senior Buyer role; in this role, workers often take home $66K.

Procurement Analyst Job Listings

Popular Employer Salaries for Procurement Analyst


The biggest paychecks can be found at The Boeing Company — the median salary there is $67K; however, employees are subject to a wide range in pay, with the lowest salaries sitting near $52K and highest ones in the neighborhood of $92K.

Popular Skills for Procurement Analyst


Survey results imply that Procurement Analysts deploy a substantial tool kit of skills at work. Most notably, facility with Microsoft Office, Sourcing, and Contract Negotiation are correlated to pay that is significantly above average, leading to increases of 24 percent, 16 percent, and 11 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Inventory Management and Microsoft Excel. The majority of those who know Data Analysis also know Purchasing and Contract Negotiation.

Pay by Experience Level for Procurement Analyst

Pay by Experience for a Procurement Analyst has a positive trend. An entry-level Procurement Analyst with less than 5 years of experience can expect to earn an average total compensation of $55,000 based on 480 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Procurement Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $66,000 based on 196 salaries. An experienced Procurement Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $70,000 based on 105 salaries. A Procurement Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $79,000 based on 38 salaries.

Pay Difference by Location

National Average: $58,947

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

For Procurement Analysts, working in the bustling city of Washington has its advantages, including an above-average pay rate. Procurement Analysts can also look forward to large paychecks in cities like Ontario (+30 percent), Seattle (+12 percent), Houston (+12 percent), and San Diego (+11 percent). Charlotte is home to the smallest salaries in the field, lagging the national average by 19 percent. Two other places where employers offer below-median salaries are San Antonio (13 percent less) and Phoenix (10 percent less).

Related Job Salaries

Key Stats for Procurement Analyst

Gender

Female
51 %
Male
49 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 94 votes.
Less than 1 year
11%
1-4 years
49%
5-9 years
21%
10-19 years
13%
20 years or more
6%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Procurement Analyst Salaries

▲34%

▲19%

▲11%

National Average
$59,000

▼6%

Skills That Affect Procurement Analyst Salaries

Microsoft Office
▲24%

Sourcing
▲16%



▲6%

Vendor Management
▲3%

Procurement
▲1%

Project Management
▲1%


▼0%

National Average
$59,000



Inventory Management
▼8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 94 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
11%
1-4 years
49%
5-9 years
21%
10-19 years
13%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 85%
vision benefits
Vision: 74%
no benefits
None: 9%
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