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Procurement Manager Salary

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 $46K to $130K per year, and the average comes out to $79K per year. Total incomes of Procurement Managers incorporate potential for, in a few cases, more than $20K from bonuses and close to $15K from profit sharing; these performance components cause packages to range between $46K and $130K. The particular firm is the main element affecting pay for this group — the particular city and tenure are driving factors as well. Male Procurement Managers who responded to the survey are more common than women; more than half (62 percent) are men. Medical benefits are awarded to almost all, and a large number earn dental coverage. Job satisfaction is reported as high by the vast majority of workers. The numbers in this rundown were provided by PayScale's salary survey participants.
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$47,997 - $120,282
(Median)
$48K
$79K
$120K
MEDIAN: $78,648
10%
50%
90%

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$15.05 - $45.30
(Median)
$15
$21
$45
MEDIAN: $21.00
10%
50%
90%

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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
$47,997 - $120,282  
   
Bonus
$0.00 - $19,512  
Profit Sharing
$494.93 - $15,351  
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).
)
$45,752 - $129,663  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 1,489
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
$15.05 - $45.30  
   
Overtime
$18.42 - $54.10  
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 - $19,512  
   
Profit Sharing
$494.93 - $15,351  
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).
)
$45,752 - $129,663  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 98

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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.

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


Survey results show that Procurement Managers use a fair number of skills. Most notably, skills in Contract Negotiation, Contract Management, Project Management, and Supply Chain 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. Those proficient in Procurement are, more often than not, also skilled in Negotiation and Contract Management. Most people experienced in 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 who reported more years of relevant experience also reported higher earnings. 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. People with 10 to 20 years of experience make an average of about $94K in this role. Procurement Managers with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $100K.

Pay Difference by Location


For Procurement Managers, working in the bustling city of Houston has its advantages, including an above-average pay rate. Procurement Managers will also find cushy salaries in Washington (+24 percent), Los Angeles (+19 percent), Seattle (+16 percent), and Chicago (+13 percent). One of the biggest compensable factors for Procurement Managers is geography, with workers in Fort Worth earning a whopping 26 percent below the national average. Two other places where employers offer below-median salaries are Philadelphia (14 percent less) and Denver (13 percent less).

Related Job Salaries

United States (change)

Experience Affects Procurement Manager Salaries



National Average
$80,000



Skills That Affect Procurement Manager Salaries






National Average
$80,000

Procurement
up arrow 1%


Data Analysis
up arrow 16%

Purchasing
up arrow 24%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 313 votes.

Gender

Female
38 %
Male
62 %

Years of Experience

Less than 1 year
1%
1-4 years
18%
5-9 years
27%
10-19 years
33%
20 years or more
21%

Common Health Benefits

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