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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 $78K per year. In the world of Procurement Managers, total cash compensation can vary between $46K and $130K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $19K and $15K, respectively. This group's pay is mainly influenced by the particular firm, followed by tenure and location. The majority of workers are highly satisfied with their job. There are more male Procurement Managers than female among those who completed the questionnaire, making up 62 percent. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to the greater part. The information for this snapshot was generated by responses to the PayScale salary survey.
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$47,951 - $120,858
(Median)
$48K
$78K
$120K
MEDIAN: $78,430
10%
50%
90%

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$15.15 - $45.62
(Median)
$15
$22
$46
MEDIAN: $22.00
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
$47,951 - $120,858  
   
Bonus
$0.00 - $19,491  
Profit Sharing
$10.14 - $15,152  
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).
)
$46,024 - $129,931  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 1,503
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
$15.15 - $45.62  
   
Overtime
$20.64 - $57.25  
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 - $19,491  
   
Profit Sharing
$10.14 - $15,152  
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).
)
$46,024 - $129,931  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 97

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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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While not commonly seen, Procurement Managers who transition into a Director of Supply Chain Management position may see a rise in pay. The median salary for Directors of Supply Chain Management is $121K per year. 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 $31K 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


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. Most people who know Contract Negotiation also know Procurement. Most people who know Contract Management also know Negotiation and Procurement.

Pay by Experience Level for Procurement Manager

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


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Although individuals who have less than five years' experience earn $62K on average, people with five to 10 years benefit from a notably larger average of $78K. Procurement Managers who work for 10 to 20 years in their occupation tend to earn about $93K. Procurement Managers who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $100K.

Pay Difference by Location


For those looking to make money, Procurement Managers in Houston enjoy an exceptional pay rate, 28 percent above the national average. Procurement Managers will also find cushy salaries in Los Angeles (+22 percent), Washington (+19 percent), Seattle (+14 percent), and Chicago (+10 percent). Those in the field find the lowest salaries in Philadelphia, 14 percent below the national average. Two other places where employers salaries are below the median are Denver and Charlotte (7 percent lower).

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United States (change)

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 24%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 305 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%
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