Procurement Analyst Salary

An average Procurement Analyst in the United States can expect to take home roughly $59K annually. The most influential factor affecting pay for this group is geographic location, though years of experience and the individual firm have a (lesser) impact as well. Medical benefits are awarded to nearly all, and most earn dental coverage. Men make up a slight majority of Procurement Analysts (51 percent) who responded to the survey. Most Procurement Analysts report high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.
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$42,325 - $80,430
$42K
$59K
$80K
MEDIAN: $59,408
10%
50%
90%

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$15.16 - $35.10
$15
$22
$35
MEDIAN: $22.05
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
$42,325 - $80,430  
   
Bonus
$1,018 - $8,604  
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).
)
$40,663 - $82,645  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 667
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
$15.16 - $35.10  
   
Overtime
$20.51 - $50.17  
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
$1,018 - $8,604  
   
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).
)
$40,663 - $82,645  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 94

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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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Advancing into a Procurement Manager role seems to be a popular career move for Procurement Analysts, and folks who currently work in the latter position report a notably larger median income of $78K per year. The most common promotion for Procurement Analysts is a Buyer position, which usually brings in $47K a year. Another standard transition for Procurement Analysts seeking advancement is to assume a Senior Buyer role, where pay is often $66K.

Procurement Analyst Job Listings

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Popular Employer Salaries for Procurement Analyst


Employees of The Boeing Company can expect to make the most, with the company offering a median salary of $67K; however, pay is widely dispersed from bottom to top, ranging from $52K to $92K.

Popular Skills for Procurement Analyst


Survey takers working as Procurement Analysts report using a large range of professional skills. Most notably, facility with Microsoft Office, Sourcing, and Contract Negotiation are correlated to pay that is significantly above average, leading to increases of 24 percent, 16 percent, and 11 percent, respectively. At the other end of the pay range are skills like Inventory Management and Microsoft Excel. Those educated in Data Analysis tend to be well versed in Purchasing and Contract Negotiation.

Pay by Experience Level for Procurement Analyst

Pay by Experience for a Procurement Analyst has a positive trend. An entry-level Procurement Analyst with less than 5 years of experience can expect to earn an average total compensation of $55,000 based on 480 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Procurement Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $66,000 based on 196 salaries. An experienced Procurement Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $70,000 based on 105 salaries. A Procurement Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $79,000 based on 38 salaries.

Pay Difference by Location

National Average: $59,045

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

For those looking to make money, Procurement Analysts in Washington enjoy an exceptional pay rate, 41 percent above the national average. Procurement Analysts can also look forward to large paychecks in cities like Ontario (+30 percent), Seattle (+12 percent), Houston (+12 percent), and San Diego (+10 percent). Charlotte ranks last in the field for pay, reporting salaries 19 percent below the national average. Below-median salaries also turn up in San Antonio and Phoenix (13 percent lower and 10 percent lower, respectively).

Related Job Salaries

Key Stats for Procurement Analyst

Gender

Female
50 %
Male
51 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 84 votes.
Less than 1 year
11%
1-4 years
49%
5-9 years
22%
10-19 years
13%
20 years or more
5%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Procurement Analyst Salaries

▲34%

▲18%

▲11%

National Average
$59,000

▼6%

Skills That Affect Procurement Analyst Salaries

Microsoft Office
▲24%

Sourcing
▲16%



▲5%

Vendor Management
▲3%

Procurement
▲1%

Project Management
▲1%


▼0%

National Average
$59,000



Inventory Management
▼8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 84 votes.

Gender

Female
50 %
Male
51 %

Years of Experience

Less than 1 year
11%
1-4 years
49%
5-9 years
22%
10-19 years
13%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 85%
vision benefits
Vision: 73%
no benefits
None: 8%
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