Procurement Analyst Salary

The average Procurement Analyst in the United States earns approximately $58K per year. Including potential for bonuses and profit sharing — peaking near $8K and $7K, respectively — total cash payment to Procurement Analysts can bottom out near $40K or peak near $85K depending on individual performance. The most influential factor affecting pay for this group is residence, though career duration and the particular employer have a (lesser) impact as well. Women Procurement Analysts who took the survey just slightly outnumber men. Job satisfaction is high and work is enjoyable for most Procurement Analysts. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Respondents to the PayScale salary survey provided the data for this report.
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$41,104 - $83,510
(Median)
$41K
$58K
$84K
MEDIAN: $57,679
10%
50%
90%

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$15.53 - $35.42
(Median)
$16
$22
$35
MEDIAN: $21.00
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$29K$58K$87K
Salary
$41,104 - $83,510  
   
Bonus
$0.00 - $7,871  
Profit Sharing
$1,468 - $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).
)
$39,866 - $85,107  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 741
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$15$30$45
Hourly Rate
$15.53 - $35.42  
   
Hourly Tips
$0.00  
Overtime
$22.32 - $44.10  
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$30K$60K$90K
Bonus
$0.00 - $7,871  
   
Profit Sharing
$1,468 - $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).
)
$39,866 - $85,107  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 117
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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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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 $77K per year.

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 $61K; however, pay is widely dispersed from bottom to top, ranging from $51K to $94K.

Popular Skills for Procurement Analyst


Survey results imply that Procurement Analysts put a diverse skill set to use. Most notably, facility with Negotiation, Sourcing, and Contract Negotiation are correlated to pay that is significantly above average, leading to increases of 31 percent, 20 percent, and 13 percent, respectively. The majority of those who know 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.


For many Procurement Analysts, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Folks with fewer than five years of experience take home $53K on average, and those who have worked for five to 10 years see a bigger median salary of $63K. For Procurement Analysts, 10 to 20 years of experience on the job amounts to an average salary of $67K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $87K on average.

Pay Difference by Location

National Average: $56,990

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

Surpassing the national average by 67 percent, Procurement Analysts in Washington receive some of the highest pay in the country. Procurement Analysts will also find cushy salaries in San Diego (+16 percent), Houston (+12 percent), Dallas (+10 percent), and Denver (+7 percent). Those in the field find the lowest salaries in Charlotte, 16 percent below the national average. Not at the bottom but still paying below the median are employers in San Antonio and Pittsburgh (12 percent lower and 9 percent lower, respectively).

Related Job Salaries

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Experience Affects Procurement Analyst Salaries




National Average
$57,000


Skills That Affect Procurement Analyst Salaries

Negotiation
up arrow 31%

Sourcing
up arrow 20%



Procurement
up arrow 7%



Purchasing
0%

National Average
$57,000

Data Analysis
up arrow 1%

Microsoft Excel
up arrow 2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 105 votes.

Gender

Female
50 %
Male
50 %

Years of Experience

Less than 1 year
8%
1-4 years
52%
5-9 years
21%
10-19 years
14%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 78%
medical benefits
Vision: 66%
dental benefits
None: 12%
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