Procurement Manager Salary

Procurement Managers in the United States tend to be well-versed in their field, and a little over a half have more than 10 years of experience. Average salary is expected to be around $78K per year, but may range from $46K to $130K per year. Total cash compensation to Procurement Managers approaches anywhere from $46K on the lower end to $130K on the higher end; in exceptional cases, this can include more than $20K from bonuses and upwards of $17K from profit sharing. Compensation for this group is mainly affected by the particular firm, but career length and geography are influential factors as well. 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. A large number report receiving medical coverage from their employers and most collect dental insurance. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$47,787 - $120,800
(Median)
$48K
$78K
$120K
MEDIAN: $78,195
10%
50%
90%

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$15.09 - $47.17
(Median)
$15
$24
$47
MEDIAN: $23.00
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
$47,787 - $120,800  
   
Bonus
$0.00 - $19,621  
Profit Sharing
$197.27 - $17,232  
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).
)
$45,864 - $129,734  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 1,538
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
$15.09 - $47.17  
   
Overtime
$21.16 - $58.19  
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 - $19,621  
   
Profit Sharing
$197.27 - $17,232  
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).
)
$45,864 - $129,734  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 99
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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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It's not very common for Procurement Managers to move on to become Directors of Supply Chain Management. Average pay for a Director of Supply Chain Management is $120K annually. Typical career progression for a Procurement Manager involves becoming a Procurement Director or a Senior Strategic Sourcing Manager, roles that pay $31K more and $23K more on average.

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


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Contract Negotiation, Contract Management, Negotiation, and Project Management are correlated to pay that is above average, with boosts between 8 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. The majority of those who know Procurement also know 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.


Experience seems to be a major factor in determining the incomes of Procurement Managers. Workers in their first five years can expect to earn $62K, but people who have been around for five to 10 years earn a noticeably bigger sum of $78K. Procurement Managers bring in $93K after working for 10 to 20 years. Procurement Managers with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $101K.

Pay Difference by Location


For Procurement Managers, busy Houston offers a higher-than-average pay rate, 31 percent above the national average. Procurement Managers will also find cushy salaries in Washington (+25 percent), Los Angeles (+21 percent), Chicago (+14 percent), and Seattle (+13 percent). The smallest paychecks in the market, 8 percent south of the national average, can be found in Charlotte. Two other places where employers salaries are below the median are Denver and Pittsburgh (7 percent lower).

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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 283 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
20%

Common Health Benefits

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