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Procurement Manager Salary

A little more than half of Procurement Managers in the United States are seasoned employees who have more than 10 years of experience in the field. Pay ranges from $45K to $131K per year, and the average comes out to $79K per year. Including potential for bonuses and profit sharing — peaking near $20K and $15K, respectively — total cash payment to Procurement Managers can bottom out near $45K or peak near $131K depending on individual performance. While tenure and location impact pay for this group, the specific employer is the most influential factor. Most workers in this position report high levels of job satisfaction. Medical benefits are awarded to almost all, and a large number earn dental coverage. Men make up the majority of Procurement Managers (64 percent) survey respondents. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
$47,231 - $121,012
(Median)
47K
60K
79K
100K
120K
MEDIAN: $79,387
10%
25%
50%
75%
90%

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$15.11 - $39.76
(Median)
15
29
40
MEDIAN: $20
10%
75%
90%

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Show Annual Salary Show Hourly Rate

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$50K$100K$150K
Salary
$47,231 - $121,012  
   
Bonus
$0.00 - $19,538  
Profit Sharing
$740 - $15,383  
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).
)
$45,043 - $131,299  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 1,453
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$25$50$75
Hourly Rate
$15.11 - $39.76  
   
Overtime
$12.88 - $51.22  
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$50K$100K$150K
Bonus
$0.00 - $19,538  
   
Profit Sharing
$740 - $15,383  
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).
)
$45,043 - $131,299  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 95
United States (change)

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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Compensation usually increases greatly for Procurement Managers who advance to upper-end positions like Procurement Director. Procurement Directors make $111K per year on average. Procurement Managers typically move into roles as Senior Strategic Sourcing Managers or Supply Chain Managers, and those positions pay $21K more and $2K more, respectively.

Procurement Manager Job Listings

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Popular Employer Salaries for Procurement Manager


With a median salary of $115K, The Boeing Company offers Procurement Managers the highest pay. However, earnings don't seem to live on a large spectrum; they generally peter out at $105K and are capped at $130K.

Popular Skills for Procurement Manager


Procurement Managers report using a pretty varied skill set on the job. Most notably, skills in Contract Negotiation, Contract Management, Supply Chain, and Project Management are correlated to pay that is above average, with boosts between 9 percent and 13 percent. Purchasing and Inventory Management, on the other hand, are typically associated with much lower pay. The majority of those who know Contract Negotiation also know Procurement and Negotiation. For most people, competency in Contract Management indicates knowledge of Negotiation.

Pay by Experience Level for Procurement Manager

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


Experience is an important factor influencing the compensation of Procurement Managers. The average worker who claims fewer than five years of experience earns around $61K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $78K. On average, Procurement Managers make $94K following one to two decades on the job. 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 $101K on average.

Pay Difference by Location


Procurement Managers will find that Washington offers an impressive pay rate, one which exceeds the national average by 28 percent. Procurement Managers will also find cushy salaries in Houston (+28 percent), San Francisco (+26 percent), Los Angeles (+23 percent), and Chicago (+14 percent). Pittsburgh is home to the smallest salaries in the field, lagging the national average by 5 percent. Employers in Philadelphia and Charlotte also lean toward paying below-median salaries (5 percent less).

Related Job Salaries

Experience Affects Procurement Manager Salaries



National Average
$81,000



Skills That Affect Procurement Manager Salaries






Procurement
up arrow 1%

National Average
$81,000


Purchasing
up arrow 22%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 343 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
1%
1-4 years
18%
5-9 years
26%
10-19 years
33%
20 years or more
21%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 80%
vision benefits Vision: 66% employee benefits None: 8%