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Procurement Analyst Salary (United States)

A relatively junior crowd, a little more than half of Procurement Analysts have fewer than five years of experience under their belt and the average salary for the field is $55K per year. Total incomes of Procurement Analysts incorporate potential for, in a few cases, more than $6K from bonuses and close to $6K from profit sharing; these performance components cause packages to range between $37K and $83K. Location and tenure each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to the greater part, and a fair portion earn dental coverage. Men are barely outnumbered by their female counterparts, who make up a slight majority at 55 percent. Job satisfaction for Procurement Analysts is high. This outline is based on answers to PayScale's salary survey.
Procurement Analyst Salary (?
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.
)
$38,023 - $82,131
(Median)
38K
46K
55K
67K
82K
MEDIAN: $55,245
10%
25%
50%
75%
90%
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Procurement Analyst Salary (?
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.
)
$15.04 - $32.33
(Median)
15
18
21
24
32
MEDIAN: $21.00
10%
25%
50%
75%
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$28K$56K$84K
Salary
$38,023 - $82,131  
   
Bonus
$0.00 - $6,212  
Profit Sharing
$309.13 - $5,527  
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).
)
$37,131 - $83,051  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 469
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$17$34$51
Hourly Rate
$15.04 - $32.33  
   
Overtime
$22.35 - $50.89  
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$50K$100K$150K
Bonus
$0.00 - $6,212  
   
Profit Sharing
$309.13 - $5,527  
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).
)
$37,131 - $83,051  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 72
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Location:
Years in Field/Career:
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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.

Procurement Analyst Job Listings

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Popular Skills for Procurement Analyst

Procurement Analysts seem to require a number of specific skills. Most notably, facility with Sourcing, Contract Negotiation, and Contract Management are correlated to pay that is significantly above average, leading to increases of 27 percent, 16 percent, and 15 percent, respectively. Those proficient in Purchasing are, more often than not, also skilled in Contract Negotiation and Microsoft Excel. Most people skilled in Data Analysis are similarly competent in Microsoft Excel and Contract Negotiation.

Pay by Experience Level for Procurement Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Procurement Analysts with a lot of experience tend to enjoy higher earnings. Workers with less than five years' experience earn around $50K on average, and those who have five to 10 years under their belts see a higher median salary of $59K. The average pay reported by folks with 10 to 20 years of experience is around $63K. Procurement Analysts who have spent more than 20 years on the job report earning a significantly higher median of $88K. Most of respondents report having between one and nine years of experience in this field. Experienced employees who have 10-20 years of experience make up nearly one-sixth of the workforce; inexperienced individuals who have been working for less than one year comprise less than one-tenth, and senior people with more than 20 years under their belt fill out the remaining fewer than one in twenty.

Pay Difference By Location

Washington
up arrow 53%
Denver
up arrow 15%
Everett
up arrow 13%
up arrow 12%
Seattle
up arrow 12%
Dallas
up arrow 10%
Philadelphia
up arrow 6%
National Average
$54,000
New York
up arrow 1%
Chicago
up arrow 2%
Atlanta
up arrow 3%
San Antonio
up arrow 3%
Charlotte
up arrow 13%
Miami
up arrow 33%
Larger circles over a city indicate a job is popular in that location.
For Procurement Analysts, Washington provides a pay rate that is 53 percent greater than the national average. Those in search of high salaries should also consider checking out cities like Denver, Everett, Houston, and Seattle, top-paying markets where Procurement Analysts rake in more than the national norm (+15 percent, +13 percent, +12 percent, and +12 percent). Procurement Analysts in Miami report much lower salaries than the rest of the country — 33 percent below the national average — proving that residence is a major factor in overall pay. Below-median salaries also turn up in Charlotte and Atlanta (13 percent lower and 3 percent lower, respectively).

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Experience Affects Procurement Analyst Salaries

National Average
$54,000

Skills That Affect Procurement Analyst Salaries

Sourcing
up arrow 27%
SAP Materials Management (SAP MM)
up arrow 13%
Purchasing
up arrow 3%
Microsoft Excel
up arrow 3%
Data Analysis
0%
National Average
$54,000

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 120 votes.

Gender

Female
55%
female alumni
 
Male
45%
male alumni

Years of Experience

Less than 1 year
7%
1-4 years
48%
5-9 years
24%
10-19 years
16%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 76%
vision benefits Vision: 60% employee benefits None: 12%