Procurement Manager Salary

The average Procurement Manager in the United States can expect to rake in roughly $81K per year. In the world of Procurement Managers, overall cash allowance can occasionally include more than $18K from bonuses and, in some exceptional cases, $15K from profit sharing, causing incomes to vary widely between $49K and $126K. The most important factor affecting compensation for this group is the company, followed by the particular city and years of experience. For the most part, Procurement Managers enjoy their work and report high levels of job satisfaction. Male Procurement Managers are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 59 percent of the field. A large number report receiving medical coverage from their employers and most collect dental insurance. The numbers in this rundown were provided by PayScale's salary survey participants.
Read More
$50,140 - $119,415
$50K
$81K
$120K
MEDIAN: $80,873
10%
50%
90%

Add this chart to your site: 640px    300px

$15.15 - $36.30
$15
$24
$36
MEDIAN: $23.87
10%
50%
90%

Add this chart to your site: 640px    300px

$0$125K
Salary $50,140 - $119,415
Bonus $1,041 - $17,844
Profit Sharing $0.00 - $14,740
Commission $7,565
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).
)
$49,035 - $125,734
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 1,270
Hourly Data $0$41
Hourly Rate $15.15 - $36.30
Overtime $21.00 - $41.15
Annual Data $0$125K
Bonus $1,041 - $17,844
Commission $7,565
Profit Sharing $0.00 - $14,740
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).
)
$49,035 - $125,734
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 73

Find Out Exactly What You Should Be Paid

United States (change)

Employers: 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

  • Negotiate contracts, policies and deadlines with suppliers and vendors.
  • Monitor prices by product and vendor to predict and account for financial fluctuations.
  • Manage flow of goods and supplies for optimum production, analyzing and adapting internal policies.
  • 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.

Common Career Paths for Procurement Manager


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


Though it's uncommon, some Procurement Managers move into roles as Directors of Supply Chain Management, where pay is an average $122K per year. Procurement Managers typically move into roles as Procurement Directors or Senior Strategic Sourcing Managers, and those positions pay $34K more and $22K more, respectively.

Procurement Manager Job Listings

Popular Employer Salaries for Procurement Manager


Salary cannot be beat at The Boeing Company, where median pay comes to $115K. The range seems somewhat confined, however; the lower end sits at $105K, and the higher end is not far away at $130K.

Popular Skills for Procurement Manager


Procurement Managers seem to require a rather large skill set. Most notably, skills in Contract Negotiation, Supplier Management, Contract Management, and Negotiation are correlated to pay that is above average, with boosts between 8 percent and 11 percent. Those listing Microsoft Excel as a skill should be prepared for drastically lower pay. Vendor Management and Purchasing also typically command lower compensation. Most people who know Contract Negotiation also know Contract Management. It is often found that people who know Procurement are also skilled in Negotiation, Contract Management, and Supply Chain.

Pay by Experience Level for Procurement Manager

Pay by Experience for a Procurement Manager has a positive trend. An entry-level Procurement Manager with less than 5 years of experience can expect to earn an average total compensation of $66,000 based on 435 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Procurement Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $83,000 based on 500 salaries. An experienced Procurement Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $92,000 based on 475 salaries. A Procurement Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $97,000 based on 223 salaries.

Pay Difference by Location

National Average: $82,312

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

With a pay rate for Procurement Managers that is 24 percent greater than the national average, Houston offers a comfortable salary for those in this profession. Procurement Managers will also find cushy salaries in Washington (+17 percent), Chicago (+16 percent), Cincinnati (+15 percent), and New York (+11 percent). Place of residence plays a huge part in a Procurement Manager's salary, with Tampa Procurement Managers earning salaries that are 28 percent less than the national average. Not at the bottom but still paying below the median are employers in Dallas and Seattle (15 percent lower and 10 percent lower, respectively).

Procurement Manager Reviews

Q: What is it like working as a Procurement Manager?

Procurement Manager in Montréal:
"Stressful, challenging, large workload."
Pros: Negotiation, challenges, interaction with people.
Cons: Managing people.

Procurement Manager in Norcross:
"Great Company."
Pros: I am not micro managed. Flexibility. Meals on Mondays.
Cons: Not fairly bonused.

Related Job Salaries

Key Stats for Procurement Manager

Gender

Female
41 %
Male
59 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 222 votes.
Less than 1 year
2%
1-4 years
23%
5-9 years
27%
10-19 years
30%
20 years or more
19%
ADVERTISEMENT
Location:
Years in Fields/Career:
United States (change)

Experience Affects Procurement Manager Salaries

▲18%

▲12%

▲1%

National Average
$82,000

▼20%

Skills That Affect Procurement Manager Salaries




▲3%


National Average
$82,000

Procurement
▼1%

▼1%


Operations Management
▼7%


Logistics
▼15%

SAP Supply Chain Management (SAP SCM)
▼16%

Purchasing
▼21%

Vendor Management
▼28%

Microsoft Excel
▼34%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 222 votes.

Gender

Female
41 %
Male
59 %

Years of Experience

Less than 1 year
2%
1-4 years
23%
5-9 years
27%
10-19 years
30%
20 years or more
19%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 81%
vision benefits
Vision: 74%
no benefits
None: 10%
ADVERTISEMENT