Procurement Analyst Salary

An average Procurement Analyst in the United States can expect to take home roughly $58K annually. Final cash compensation to Procurement Analysts varies from around $40K to approximately $85K; choice pay grades include potential for bonuses and profit sharing as high as $8K and $7K, respectively. Residence is the main element affecting pay for this group — career duration and the specific company are driving factors as well. Most Procurement Analysts like their work and job satisfaction is high. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Women Procurement Analysts who took the survey just slightly outnumber men. This report is based on answers to PayScale's salary questionnaire.
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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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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 $77K per year.

Procurement Analyst Job Listings

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Popular Employer Salaries for Procurement Analyst


Although The Boeing Company heads up the field in terms of compensation, offering the highest median salary at $61K, pay at this particular employer still varies considerably, running the full spectrum from $51K to $94K.

Popular Skills for Procurement Analyst


Overall, survey participants reported applying a fair number of skills to their work. 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. Those proficient in Data Analysis are, more often than not, also skilled in 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 who reported more years of relevant experience also reported higher earnings. Those who have worked for fewer than five years take home a median salary of $53K, and workers with five to 10 years of experience earn a higher $63K on average. For Procurement Analysts, 10 to 20 years of experience on the job amounts to an average salary of $67K. Procurement Analysts who have spent more than 20 years on the job report earning a significantly higher median of $87K.

Pay Difference by Location

National Average: $56,990

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

Washington offers some of the highest pay in the country for Procurement Analysts, 67 percent above the national average. Procurement Analysts can also look forward to large paychecks in cities like San Diego (+16 percent), Houston (+12 percent), Dallas (+10 percent), and Denver (+7 percent). With compensation 16 percent below the national average, Charlotte is not known for hefty paychecks and actually represents the lowest-paying market. Employers also pay below the national average in San Antonio (12 percent lower) and Pittsburgh (9 percent lower).

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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