Procurement Analyst Salary

Procurement Analysts in the United States pull down an average of $57K annually. Including potential for bonuses and profit sharing — peaking near $8K and $7K, respectively — total cash payment to Procurement Analysts can bottom out near $38K or peak near $84K depending on individual performance. The most influential factor affecting pay for this group is career length, though geography and the individual firm have a (lesser) impact as well. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. Women Procurement Analysts who took the survey just slightly outnumber men. Most workers in this position report high levels of job satisfaction. This report is based on responses to the PayScale salary survey.
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$40,011 - $83,737
(Median)
$40K
$57K
$84K
MEDIAN: $56,827
10%
50%
90%

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$15.22 - $34.65
(Median)
$15
$22
$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$29K$58K$87K
Salary
$40,011 - $83,737  
   
Bonus
$0.00 - $7,910  
Profit Sharing
$587 - $6,638  
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).
)
$38,464 - $84,477  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 600
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
$15.22 - $34.65  
   
Overtime
$21.94 - $43.45  
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 - $7,910  
   
Profit Sharing
$587 - $6,638  
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).
)
$38,464 - $84,477  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 100
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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 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 $76K per year.

Procurement Analyst Job Listings

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Popular Employer Salaries for Procurement Analyst


Popular Skills for Procurement Analyst


Procurement Analysts report using a pretty varied skill set on the job. Most notably, facility with Sourcing, Negotiation, and Contract Management are correlated to pay that is significantly above average, leading to increases of 23 percent, 21 percent, and 16 percent, respectively. A tool kit that includes Purchasing also typically contains Contract Negotiation and Microsoft Excel. Most people who know Data Analysis also know 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.


For many Procurement Analysts, more experience generally translates to higher pay. Relatively untried employees who have fewer than five years of experience earn around $52K on average. People who have worked for five to 10 years can expect a higher median salary of $62K. People with 10 to 20 years of experience make an average of about $65K in this role. Survey participants who have worked for more than two decades report bringing in $87K on average.

Pay Difference by Location


Home to some of the best pay for Procurement Analysts, Washington offers exceptional salaries, 40 percent above the national average. Procurement Analysts can also look forward to large paychecks in cities like Chicago (+14 percent), San Diego (+13 percent), Dallas (+10 percent), and Houston (+10 percent). Charlotte ranks last in the field for pay, reporting salaries 14 percent below the national average. Below-median salaries also turn up in San Antonio and Pittsburgh (13 percent lower and 11 percent lower, respectively).

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Experience Affects Procurement Analyst Salaries




National Average
$56,000


Skills That Affect Procurement Analyst Salaries

Sourcing
up arrow 23%

Negotiation
up arrow 21%





Purchasing
up arrow 1%

Data Analysis
0%

Microsoft Excel
0%

National Average
$56,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 99 votes.

Gender

Female
51 %
Male
49 %

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: 64% employee benefits None: 12%
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