Procurement Manager Salary

With more than half of Procurement Managers in the United States reporting more than 10 years of experience in the field, this area is heavily weighted toward experienced professionals. Pay ranges from $46K to $129K per year and averages out to $78K per year. Final cash compensation to Procurement Managers varies from around $46K to approximately $129K; choice pay grades include potential for bonuses and profit sharing as high as $20K and $16K, respectively. Earnings for this group are mostly affected by the company, followed by the particular city and experience level. A large number report receiving medical coverage from their employers and most collect dental insurance. The majority of Procurement Managers (62 percent) who took the survey are men. Job satisfaction is reported as high by the vast majority of workers. Respondents to the PayScale salary survey provided the data for this report.
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$48,291 - $120,628

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$15.10 - $47.00

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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$50K$100K$150K
Salary
$48,291 - $120,628  
   
Bonus
$0.00 - $19,608  
Profit Sharing
$195.74 - $15,514  
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).
)
$46,251 - $129,410  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 1,552
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$25$50$75
Hourly Rate
$15.10 - $47.00  
   
Overtime
$21.24 - $57.94  
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
$0.00 - $19,608  
   
Profit Sharing
$195.74 - $15,514  
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).
)
$46,251 - $129,410  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 100
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Job Description for Procurement Manager

A procurement manager is the primary point of contact between a business and its suppliers. Using superb analytical skills, a procurement manager identifies potential suppliers, screens them, and negotiates favorable payment terms with selected suppliers. After formalizing the supply contract with the aid of legal professionals, the procurement manager then monitors supplier performance to ensure contractual obligations are met and to help make the supply procurement process as cost-effective and efficient as possible.

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Procurement Manager Tasks

  • Prepare and process purchase orders and purchase requisitions, and maintain documentation of the acquisition of goods.
  • Manage staff and vendors for timely arrival of products and goods.
  • Manage flow of goods and supplies for optimum production, analyzing and adapting internal policies.
  • Negotiate contracts, policies and deadlines with suppliers and vendors.
  • Monitor prices by product and vendor to predict and account for financial fluctuations.

Common Career Paths for Procurement Manager


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Procurement Managers who go on to become Directors of Supply Chain Management may see their salaries climb quite a bit. Median pay for Directors of Supply Chain Management is $120K annually. Procurement Directors or Senior Strategic Sourcing Managers are common next-step roles for Procurement Managers moving up in their careers; annual pay for Procurement Directors is $30K higher on average, and it's $23K higher for Senior Strategic Sourcing Managers.

Procurement Manager Job Listings

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Popular Employer Salaries for Procurement Manager


Although salaries only range from $105K to just $130K, The Boeing Company still offers the highest pay with a median paycheck of $115K.

Popular Skills for Procurement Manager


Procurement Managers generally report applying a varied skill set to their work. Most notably, skills in Contract Management, Contract Negotiation, Negotiation, and Project Management are correlated to pay that is above average, with boosts between 7 percent and 13 percent. Those listing Purchasing as a skill should be prepared for drastically lower pay. Data Analysis and Inventory Management also typically command lower compensation. The majority of those who know Contract Negotiation also know Contract Management. Those familiar with Procurement tend to be well versed in Negotiation and Contract Management.

Pay by Experience Level for Procurement Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Procurement Managers with a rich background of experience are typically rewarded with larger paychecks. Those in the early stages of their career can expect to make around $62K; however, individuals with five to 10 years of experience bring in $77K on average — a distinctly larger sum. Procurement Managers with one to two decades of relevant experience report an average salary of approximately $94K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $101K.

Pay Difference by Location


For Procurement Managers, busy Houston offers a higher-than-average pay rate, 28 percent above the national average. Procurement Managers will also find cushy salaries in Washington (+25 percent), Los Angeles (+21 percent), Chicago (+15 percent), and Atlanta (+12 percent). Location is a huge contributor to overall pay, with Procurement Managers in Fort Worth earning a whopping 27 percent below the national average. Two other places where employers offer below-median salaries are Charlotte (8 percent less) and Pittsburgh (7 percent less).

Related Job Salaries

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Experience Affects Procurement Manager Salaries



National Average
$80,000



Skills That Affect Procurement Manager Salaries






Procurement
0%

National Average
$80,000


Data Analysis
up arrow 16%

Purchasing
up arrow 23%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 282 votes.

Gender

Female
38 %
Male
62 %

Years of Experience

Less than 1 year
1%
1-4 years
19%
5-9 years
27%
10-19 years
33%
20 years or more
20%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 81%
vision benefits Vision: 67% employee benefits None: 8%
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