Procurement Analysts in the United States pull down an average of $60K annually. This group's pay is mainly influenced by location, followed by experience level and the individual firm. Work is enjoyable for Procurement Analysts, who typically claim high levels of job satisfaction. Women make up a slight majority of Procurement Analysts (51 percent) survey respondents. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. The information for this snapshot was generated by responses to the PayScale salary survey.
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$42,626 - $81,252
$43K
$60K
$81K
MEDIAN: $59,781
10%
50%
90%

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$15.52 - $33.79
$16
$22
$34
MEDIAN: $22.00
10%
50%
90%

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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$28K$56K$84K
Salary
$42,626 - $81,252  
   
Bonus
$1,028 - $8,676  
Profit Sharing
$3,250  
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).
)
$40,901 - $83,068  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 624
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
$15.52 - $33.79  
   
Overtime
$19.77 - $45.82  
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
$1,028 - $8,676  
   
Profit Sharing
$3,250  
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).
)
$40,901 - $83,068  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 92

Find Out Exactly What You Should Be Paid

United States (change)

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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

  • 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. Procurement Analysts most often advance into Procurement Specialist and Buyer positions even though the median salaries are $7K lower and $13K lower, respectively.

Procurement Analyst Job Listings

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Popular Employer Salaries for Procurement Analyst


Although The Boeing Company heads up the field in terms of compensation, offering the highest median salary at $65K, pay at this particular employer still varies considerably, running the full spectrum from $51K to $92K.

Popular Skills for Procurement Analyst


Survey participants wield an impressively varied skill set 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 23 percent, 16 percent, and 10 percent, respectively. Skills that pay less than market rate include Inventory 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.


For Procurement Analysts, experience does not seem to be a major factor in determining pay. Workers in their first five years can expect to earn $55K, but people who have been around for five to 10 years earn a noticeably bigger sum of $66K. On average, Procurement Analysts make $69K following one to two decades on the job. More than 20 years of experience mean a somewhat bigger median paycheck of $73K, but it's not much more than what less experienced people make.

Pay Difference by Location

National Average: $59,324

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

For Procurement Analysts, busy Washington offers a higher-than-average pay rate, 32 percent above the national average. Procurement Analysts can also look forward to large paychecks in cities like Ontario (+29 percent), Houston (+11 percent), San Diego (+10 percent), and Seattle (+8 percent). Trailing the national average by 19 percent, Charlotte is the market with the smallest paychecks. San Antonio and Phoenix are a couple other places where companies are known to pay below the median — salaries are 14 percent lower and 10 percent lower, respectively.

Related Job Salaries

Key Stats for Procurement Analyst

Gender

Female
51 %
Male
49 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 72 votes.
Less than 1 year
10%
1-4 years
49%
5-9 years
23%
10-19 years
13%
20 years or more
5%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Procurement Analyst Salaries




National Average
$59,000


Skills That Affect Procurement Analyst Salaries

Microsoft Office
up arrow 23%

Sourcing
up arrow 16%





National Average
$59,000




Vendor Management
up arrow 1%



Inventory Management
up arrow 8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 72 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
10%
1-4 years
49%
5-9 years
23%
10-19 years
13%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 84%
vision benefits
Vision: 72%
dental benefits
None: 9%
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