Procurement Manager Salary

With close to one-half of Procurement Managers in the United States reporting more than 10 years of experience, the field is heavily weighted toward experienced professionals. Average pay for Procurement Managers is $79K annually and can range from $47K on the lower end to $130K per year near the higher end. Overall cash earnings for Procurement Managers stretch from $47K on the lower end to $130K near the top, and the heftiest packages can encompass around $20K from bonuses and $17K from profit sharing. The most important factor affecting compensation for this group is the specific employer, followed by career duration and geographic location. Job satisfaction is high and work is enjoyable for most Procurement Managers. Most enjoy medical while a large number get dental coverage. Vision coverage is also available to a majority. Procurement Managers who participated in the survey are largely men, dominating at 60 percent. The figures in this rundown are based on the results of PayScale's salary questionnaire.
Read More
$48,852 - $121,057
(Median)
$49K
$79K
$120K
MEDIAN: $79,010
10%
50%
90%

Add this chart to your site: 640px    300px

$15.12 - $47.17
(Median)
$15
$24
$47
MEDIAN: $23.00
10%
50%
90%

Add this chart to your site: 640px    300px

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
$48,852 - $121,057  
   
Bonus
$0.00 - $19,562  
Profit Sharing
$0.00 - $17,114  
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).
)
$47,153 - $130,001  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,747
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
$15.12 - $47.17  
   
Hourly Tips
$0.17  
Overtime
$18.75 - $60.50  
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 - $19,562  
   
Commission
$2,400  
Profit Sharing
$0.00 - $17,114  
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).
)
$47,153 - $130,001  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 109
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

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


Add this chart to your site:   640px 640px    300px 300px


As Procurement Managers transition into upper-level roles such as Director of Supply Chain Management, they may see a strong upturn in salary. Directors of Supply Chain Management earn $122K on average per year. Procurement Managers moving up in their careers tend to step into positions as Procurement Directors or Senior Strategic Sourcing Managers. The median paychecks in those roles are $32K higher and $23K higher, respectively.

Procurement Manager Job Listings

Search for more jobs:

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


Survey participants wield an impressively varied skill set on the job. Most notably, skills in Supplier Management, Contract Negotiation, Contract Management, and Negotiation are correlated to pay that is above average, with boosts between 11 percent and 16 percent. Those listing Microsoft Excel as a skill should be prepared for drastically lower pay. Purchasing and Data Analysis also typically command lower compensation. Those proficient in Procurement are, more often than not, also skilled in Negotiation, Contract Management, and Supply Chain. It is often found that people who know Contract Negotiation are also skilled in Contract Management.

Pay by Experience Level for Procurement Manager

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


Procurement Managers generally obtain higher compensation for more plentiful past experience. Salaries of relatively inexperienced workers fall in the neighborhood of $63K, but folks who have racked up five to 10 years see a notably higher median of $78K. After working for 10 to 20 years, Procurement Managers make a median salary of $93K. 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

National Average: $80,643

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

Houston is home to an above-average pay rate for Procurement Managers, 32 percent higher than the national average. Procurement Managers can also look forward to large paychecks in cities like Washington (+24 percent), Los Angeles (+19 percent), Chicago (+17 percent), and Boston (+15 percent). With compensation 6 percent below the national average, Pittsburgh is not known for hefty paychecks and actually represents the lowest-paying market. Employers also pay below the national average in Philadelphia (6 percent lower) and Dallas (5 percent lower).

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Procurement Manager Salaries



National Average
$81,000



Skills That Affect Procurement Manager Salaries

Supplier Management
up arrow 16%





Supply Chain
up arrow 3%

National Average
$81,000

Procurement
up arrow 1%

Logistics
up arrow 7%


Data Analysis
up arrow 16%

Purchasing
up arrow 23%

Microsoft Excel
up arrow 33%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 296 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
1%
1-4 years
19%
5-9 years
28%
10-19 years
31%
20 years or more
20%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 80%
medical benefits
Vision: 68%
dental benefits
None: 8%
ADVERTISEMENT