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Procurement Analyst Salary

The average Procurement Analyst in the United States can expect to rake in roughly $56K annually. Cash earnings of Procurement Analysts can occasionally include $6K each in bonuses and profit sharing proceeds; this strong performance component causes pay grades to stretch from approximately $37K to almost $83K. Geographic location is the biggest factor affecting pay for this group, followed by years of experience. Work is enjoyable for Procurement Analysts, who typically claim high levels of job satisfaction. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. Women make up a slight majority of Procurement Analysts (53 percent) survey respondents. This snapshot results from replies to PayScale's salary survey.
$38,641 - $82,313
(Median)
39K
46K
56K
67K
82K
MEDIAN: $55,526
10%
25%
50%
75%
90%

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$15.04 - $34.07
(Median)
15
21
24
34
MEDIAN: $21.00
10%
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
$38,641 - $82,313  
   
Bonus
$0.00 - $6,440  
Profit Sharing
$582 - $6,698  
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).
)
$37,362 - $83,118  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 515
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$16$32$48
Hourly Rate
$15.04 - $34.07  
   
Overtime
$22.06 - $47.78  
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$32K$64K$96K
Bonus
$0.00 - $6,440  
   
Profit Sharing
$582 - $6,698  
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).
)
$37,362 - $83,118  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 82
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

  • 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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As Procurement Analysts make advancements in their career path to roles like Procurement Manager, salaries often climb aggressively. On average, Procurement Managers will make $76K annually.

Procurement Analyst Job Listings

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Popular Skills for Procurement Analyst


Survey results show that Procurement Analysts use a fair number of skills. Most notably, facility with Sourcing, Contract Management, and Contract Negotiation are correlated to pay that is significantly above average, leading to increases of 26 percent, 18 percent, and 14 percent, respectively. The majority of those who know Data Analysis also know Microsoft Excel and Contract Negotiation. Skill sets containing Purchasing also tend to include 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 who reported more years of relevant experience also reported higher earnings. Average salaries for inexperienced employees average out to around $51K, but folks who have five to 10 years of experience earn a higher median of $59K. Procurement Analysts see a median salary of $63K after reaching one to two decades on the job. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $89K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

Pay Difference by Location


For those looking to make money, Procurement Analysts in Washington enjoy an exceptional pay rate, 52 percent above the national average. Procurement Analysts can also look forward to large paychecks in cities like Arlington (+21 percent), Denver (+14 percent), Everett (+13 percent), and Houston (+12 percent). Procurement Analysts in Miami earn salaries far below the national average by 31 percent, proving that geography overwhelmingly affects the pay scale for those in this field. A couple other locations with smaller-than-average paychecks include Charlotte (14 percent lower) and San Antonio (10 percent lower).

Related Job Salaries

Experience Affects Procurement Analyst Salaries




National Average
$54,000


Skills That Affect Procurement Analyst Salaries

Sourcing
up arrow 26%




SAP Materials Management (SAP MM)
up arrow 11%

Purchasing
up arrow 2%

Microsoft Excel
up arrow 1%

Data Analysis
0%

National Average
$54,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 116 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
7%
1-4 years
50%
5-9 years
22%
10-19 years
16%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 77%
vision benefits Vision: 62% employee benefits None: 12%