Procurement Manager Salary (United States)

Just over a 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 $44,493 to $129,714 per year, and the average number comes out to $80,324 annually. Experience level is the main element affecting pay for this group—geography and the specific company are driving factors as well. The vast majority report receiving medical coverage from their employers and the greater part collect dental insurance. Work is enjoyable for Procurement Managers, who typically claim high levels of job satisfaction. This synopsis is derived from the responses of individuals who took PayScale's salary survey.
Procurement Manager Salary (?
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.
)
$46,476 - $119,816
(Median)
46K
60K
79K
99K
120K
MEDIAN: $78,669
10%
25%
50%
75%
90%
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Procurement Manager Salary (?
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.
)
$15.00 - $34.94
(Median)
15
20
27
35
MEDIAN: $19.00
10%
50%
75%
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
$46,476 - $119,816  
   
Bonus
$0.00 - $19,468  
Profit Sharing
$517 - $15,101  
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).
)
$44,493 - $129,714  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 1,421
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
$15.00 - $34.94  
   
Overtime
$8.13 - $46.75  
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 - $19,468  
   
Profit Sharing
$517 - $15,101  
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).
)
$44,493 - $129,714  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 89
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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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For Procurement Managers, career advancement usually has a positive, and rather large, impact on pay. Approaching the top of the pay scale, a Procurement Director will earn $29K more than someone not as far along in their career. When Procurement Managers are ready for the next step in their career, they often become Sr. Strategic Sourcing Managers or Supply Chain Managers, where they can expect an additional $22K or $2,226 per year.

Procurement Manager Job Listings

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Popular Employer Salaries for Procurement Manager

Salary cannot be beat at The Boeing Company, where median pay comes to $114,840. Salary range is somewhat confined, however, with base pay starting at $105K and ending at $130K. Hewlett-Packard Company offers the lowest pay in the field, with a median salary of just $94,257.

Popular Skills for Procurement Manager

Procurement Managers seem to require a number of specific skills. Most notably, skills in Contract Negotiation, Contract Management, Supply Chain, and Project Management are correlated to pay that is above average, with boosts of 13 percent, 12 percent, 9 percent, and 9 percent, respectively. Skills that seem to negatively impact pay include Purchasing and Inventory Management. Those familiar with Contract Management also tend to know Negotiation. A tool kit that includes Contract Negotiation also typically contains Procurement and Negotiation.

Pay by Experience Level for Procurement Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Pay for Procurement Managers increases steadily with experience. At career start, salaries are typically $61K, which grows to $78K after five to 10 years. Those who spend a decent amount of time in this profession—one to two decades—usually make about $100K. Salary increase slows as Procurement Managers pass 20 years in their field, with average salaries hovering around $101K. The majority of Procurement Managers have only one to 10 years of practice in the field. Workers with 10 to 20 years make up the second biggest group followed by those with more than 20 years under their belt.

Pay Difference By Location

Washington
up arrow 32%
Boston
up arrow 28%
San Francisco
up arrow 25%
up arrow 19%
up arrow 15%
up arrow 15%
up arrow 12%
up arrow 11%
Miami
up arrow 10%
up arrow 6%
San Diego
up arrow 6%
Philadelphia
up arrow 5%
National Average
$80,000
Dallas
up arrow 4%
Larger circles over a city indicate a job is popular in that location.
For Procurement Managers, Washington provides a pay rate that is 32 percent greater than the national average. Procurement Managers will also find cushy salaries in Boston (+28 percent), San Francisco (+25 percent), Los Angeles (+20 percent), and Houston (+19 percent). In Dallas, salaries are 4 percent below the national average and represent the lowest-paying market.

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Experience Affects Procurement Manager Salaries

National Average
$80,000

Skills That Affect Procurement Manager Salaries

Negotiation
up arrow 4%
National Average
$80,000
Procurement
up arrow 2%
Purchasing
up arrow 19%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 371 votes.

Gender

Female
38%
female alumni
 
Male
62%
male alumni

Years of Experience

Less than 1 year
1%
1-4 years
19%
5-9 years
26%
10-19 years
33%
20 years or more
21%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 80%
vision benefits Vision: 65% employee benefits None: 8%