Procurement Analyst Salary (United States)

More than half of Procurement Analysts are relatively junior in their careers, reporting less than five years' experience and an average income of $54,195 annually. The range in pay spans from $37,131 to $83,051 per year. Overall cash earnings stretch from $38,023 to $82,131; the final number can encompass upwards of $6,212 each from bonuses and profit sharing in exceptional cases. Geographic location and career length each impact pay for this group, with the former having the largest influence. Benefits are plentiful in this line of work; most people have both medical and dental plans, and more than half have vision insurance. Women make up a slight majority of Procurement Analysts (55 percent). Job satisfaction for Procurement Analysts is high. The data for this snapshot was collected from individuals who took 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  
PayScale
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  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 72
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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

Survey results show that Procurement Analysts use a fair number of 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. Those educated in Data Analysis tend to be well-versed 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.
In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher salaries. Compensation grows after five to 10 years from $50K to $59K. Pay amounts to $63K after 10 to 20 years. After two decades in the field, Procurement Analysts continue to experience steady salary growth, and typical compensation averages $88K. Experienced employees who have 10-20 years of experience make up 16 percent of the workforce; inexperienced individuals who have been working for less than one year comprise less than 10, and senior people with more than 20 years under their belt fill out the remaining less than five. Most of respondents report having between one and nine years of experience in this field.

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.
Washington offers some of the highest pay in the country for Procurement Analysts, 53 percent above the national average. Other big spenders include Denver, Everett, Houston, and Seattle, top-paying cities where Procurement Analysts see paychecks higher than average (+15 percent, +13 percent, +12 percent, and +12 percent). The lowest-paying market is Miami, which sits 33 percent below the national average, proving that location is a significant contributor to overall pay. Charlotte and Atlanta are a couple other places where companies are known to pay below the median—salaries hover around -13 percent and -3 percent, respectively.

Related Job Salaries

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%
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