Procurement Analyst Salary

Procurement Analysts in the United States can expect wages of $60K per year on average. While experience level and the particular employer impact pay for this group, geographic location is the most influential factor. Women make up a slight majority of Procurement Analysts (51 percent) survey respondents. Work is enjoyable for Procurement Analysts, who typically claim high levels of job satisfaction. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. The data in this summary comes from the PayScale salary survey.
Read More
$42,005 - $81,145
$42K
$60K
$81K
MEDIAN: $59,778
10%
50%
90%

Add this chart to your site: 640px    300px

$15.37 - $34.84
$15
$22
$35
MEDIAN: $22.09
10%
50%
90%

Add this chart to your site: 640px    300px

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
$42,005 - $81,145  
   
Bonus
$1,163 - $8,265  
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).
)
$40,689 - $83,352  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 617
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$17$34$51
Hourly Rate
$15.37 - $34.84  
   
Overtime
$20.34 - $50.00  
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$50K$100K$150K
Bonus
$1,163 - $8,265  
   
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).
)
$40,689 - $83,352  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 87

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

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.

Read More...

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


Add this chart to your site:   640px 640px    300px 300px


Procurement Analysts who move on to become Procurement Managers may enjoy significant pay raises, as Procurement Managers get paid an average of $78K per year. Becoming a Buyer is, more often than not, the most common role that Procurement Analysts move into when they're ready for the next step in their career. A median salary for a Buyer is $47K. Another frequent advance is for Procurement Analysts to assume a Senior Buyer role; in this role, workers often take home $66K.

Procurement Analyst Job Listings

Search for more jobs:

Popular Employer Salaries for Procurement Analyst


The Boeing Company pays the most with a median salary of $67K, though with a large amount of variation, going from a low of $52K to a high of $92K.

Popular Skills for Procurement Analyst


Procurement Analysts report using a large range of skills 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, 15 percent, and 10 percent, respectively. Skills that pay less than market rate include Inventory Management and Microsoft Excel. Most people experienced in Data Analysis also 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.


Procurement Analysts with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Those in the early stages of their career can expect to make around $55K; however, individuals with five to 10 years of experience bring in $66K on average — a distinctly larger sum. The average pay reported by folks with 10 to 20 years of experience is around $70K. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $79K.

Pay Difference by Location

National Average: $59,411

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

For Procurement Analysts, Washington provides a pay rate that is 40 percent greater than the national average. Procurement Analysts will also find cushy salaries in Ontario (+29 percent), Seattle (+11 percent), Houston (+11 percent), and San Diego (+10 percent). Trailing the national average by 19 percent, Charlotte is the market with the smallest paychecks. A couple other locations with smaller-than-average paychecks include San Antonio (14 percent lower) and Phoenix (11 percent lower).

Related Job Salaries

Key Stats for Procurement Analyst

Gender

Female
51 %
Male
49 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 75 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

▲33%

▲18%

▲10%

National Average
$59,000

▼7%

Skills That Affect Procurement Analyst Salaries

Microsoft Office
▲23%

Sourcing
▲15%



▲5%

Vendor Management
▲2%

Procurement
▼0%

Project Management
▼0%

National Average
$59,000


▼1%



Inventory Management
▼9%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 75 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: 85%
vision benefits
Vision: 72%
dental benefits
None: 9%
ADVERTISEMENT