Procurement Manager Salary

Procurement Managers in the United States take home approximately $80K per year on average. Total cash compensation to Procurement Managers bottoms out near $49K and approaches $126K on the high end; the biggest paychecks include approximately $18K from bonuses and almost $15K from profit sharing. The most influential factor affecting pay for this group is the company, though the particular city and years of experience have a (lesser) impact as well. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. The majority of Procurement Managers claim high levels of job satisfaction. The information for this snapshot was generated by responses to the PayScale salary survey.
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$49,632 - $119,057
$50K
$80K
$120K
MEDIAN: $79,844
10%
50%
90%

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$15.00 - $36.90
$15
$25
$37
MEDIAN: $24.51
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$50K$100K$150K
Salary
$49,632 - $119,057  
   
Bonus
$998 - $18,339  
Profit Sharing
$0.00 - $15,361  
Commission
$2,400  
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).
)
$48,736 - $125,964  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 1,253
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
$15.00 - $36.90  
   
Overtime
$21.69 - $55.41  
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
$998 - $18,339  
   
Commission
$2,400  
Profit Sharing
$0.00 - $15,361  
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).
)
$48,736 - $125,964  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 75

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United States (change)

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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

  • Negotiate contracts, policies and deadlines with suppliers and vendors.
  • Monitor prices by product and vendor to predict and account for financial fluctuations.
  • Manage flow of goods and supplies for optimum production, analyzing and adapting internal policies.
  • 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.

Common Career Paths for Procurement Manager


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Procurement Managers may experience a large salary bump if they progress into a role such as Director of Supply Chain Management. The latter position pays an average of $122K annually. Procurement Managers most often move into positions as Procurement Directors or Senior Strategic Sourcing Managers; those groups report median salaries that are $34K higher and $23K higher, respectively.

Procurement Manager Job Listings

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Popular Employer Salaries for Procurement Manager


Pay for Procurement Managers is best at The Boeing Company, which offers a median salary of $115K. However, the highest reported salaries don't seem to be much higher than the lowest ones; the pay range here runs from $105K to $130K.

Popular Skills for Procurement Manager


Procurement Managers seem to exploit a large range of skills on the job. Most notably, skills in Supplier Management, Contract Negotiation, Contract Management, and Sourcing are correlated to pay that is above average, with boosts between 9 percent and 12 percent. Those listing Microsoft Excel as a skill should be prepared for drastically lower pay. Purchasing and Logistics also typically command lower compensation. Those proficient in Procurement are, more often than not, also skilled in Negotiation, Contract Management, and Supply Chain. The majority of those who know Contract Negotiation also know 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 more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Survey participants with less than five years' experience pocket $65K on average, but those with five to 10 years of experience enjoy a much bigger median of $83K. Procurement Managers claiming one to two decades of experience make an estimated median of $92K. Procurement Managers who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $98K on average.

Pay Difference by Location

National Average: $81,385

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

For Procurement Managers, busy San Francisco offers a higher-than-average pay rate, 36 percent above the national average. Procurement Managers will also find cushy salaries in Houston (+25 percent), Cincinnati (+17 percent), Chicago (+12 percent), and New York (+9 percent). The smallest paychecks in the market, 17 percent south of the national average, can be found in Dallas. Employers also pay below the national average in Tampa (14 percent lower) and Seattle (9 percent lower).

Related Job Salaries

Key Stats for Procurement Manager

Gender

Female
41 %
Male
59 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 187 votes.
Less than 1 year
2%
1-4 years
22%
5-9 years
29%
10-19 years
30%
20 years or more
17%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Procurement Manager Salaries

▲20%

▲13%

▲1%

National Average
$81,000

▼20%

Skills That Affect Procurement Manager Salaries




Sourcing
▲8%

▲5%


Procurement
▼0%

National Average
$81,000

▼2%

Operations Management
▼6%



Logistics
▼14%

Purchasing
▼26%

Microsoft Excel
▼34%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 187 votes.

Gender

Female
41 %
Male
59 %

Years of Experience

Less than 1 year
2%
1-4 years
22%
5-9 years
29%
10-19 years
30%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 80%
vision benefits
Vision: 71%
dental benefits
None: 10%
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