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Procurement Analyst Salary

Median pay for Procurement Analysts in the United States lies in the neighborhood of $56K annually. Total incomes of Procurement Analysts incorporate potential for, in a few cases, more than $8K from bonuses and close to $7K from profit sharing; these performance components cause packages to range between $38K and $84K. Career length is the biggest factor affecting pay for this group, followed by geography. Women Procurement Analysts who took the survey just slightly outnumber men. Most Procurement Analysts like their work and job satisfaction is high. Medical benefits are awarded to most, and a strong majority earn dental coverage. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$39,200 - $82,851
(Median)
$39K
$56K
$83K
MEDIAN: $55,974
10%
50%
90%

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$15.19 - $34.58
(Median)
$15
$21
$35
MEDIAN: $21.00
10%
50%
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
$39,200 - $82,851  
   
Bonus
$0.00 - $8,040  
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).
)
$37,846 - $83,964  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 571
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$15$30$45
Hourly Rate
$15.19 - $34.58  
   
Overtime
$21.87 - $43.88  
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$30K$60K$90K
Bonus
$0.00 - $8,040  
   
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).
)
$37,846 - $83,964  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 91

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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.

Common Career Paths for Procurement Analyst


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Procurement Analysts often transition into Procurement Manager positions, for which compensation tends to be much higher. On average, Procurement Managers earn $76K per year.

Procurement Analyst Job Listings

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Popular Skills for Procurement Analyst


Survey results suggest that Procurement Analysts put a wide range of professional skills to use. Most notably, facility with Sourcing, Negotiation, and Contract Management are correlated to pay that is significantly above average, leading to increases of 24 percent, 22 percent, and 19 percent, respectively. Most people who know Purchasing also know Contract Negotiation and Microsoft Excel. It is often found that people who know Data Analysis are also skilled 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.


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Relatively untried employees who have less than five years' experience have a median salary of $52K. Those who have been around for five to 10 years can expect to take home more — $61K on average. For Procurement Analysts, 10 to 20 years of experience on the job amounts to an average salary of $64K. Old hands who claim more than two decades on the job enjoy average earnings of $87K.

Pay Difference by Location


Procurement Analysts will find that Washington offers an impressive pay rate, one which exceeds the national average by 43 percent. Procurement Analysts can also look forward to large paychecks in cities like San Francisco (+16 percent), Denver (+13 percent), Everett (+11 percent), and Houston (+11 percent). In Miami, salaries are 20 percent below the national average and represent the lowest-paying market. On the whole, employers pay 12 percent below the median salary for those in this field in Charlotte and San Antonio.

Related Job Salaries

United States (change)

Experience Affects Procurement Analyst Salaries




National Average
$55,000


Skills That Affect Procurement Analyst Salaries

Sourcing
up arrow 24%

Negotiation
up arrow 22%




SAP Materials Management (SAP MM)
up arrow 10%

Data Analysis
up arrow 1%

Purchasing
up arrow 1%

Microsoft Excel
0%

National Average
$55,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 117 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
8%
1-4 years
50%
5-9 years
22%
10-19 years
15%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 77%
vision benefits Vision: 63% employee benefits None: 12%