Procurement Manager Salary

Procurement Managers in the United States tend to be well-versed in their field, and nearly one-half have more than 10 years of experience. Average salary is expected to be around $79K per year, but may range from $47K to $130K per year. Total cash compensation to Procurement Managers bottoms out near $47K and approaches $130K on the high end; the biggest paychecks include approximately $20K from bonuses and almost $17K from profit sharing. The most influential factor affecting pay for this group is the company, though experience level and location have a (lesser) impact as well. The majority of Procurement Managers (60 percent) who took the survey are men. A large number enjoy medical while most get dental coverage. Vision coverage is also available to more than half. Work is enjoyable for Procurement Managers, who typically claim high levels of job satisfaction. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
Read More
$48,852 - $121,057
(Median)
$49K
$79K
$120K
MEDIAN: $79,010
10%
50%
90%

Add this chart to your site: 640px    300px

$15.12 - $47.17
(Median)
$15
$24
$47
MEDIAN: $23.00
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$48,852 - $121,057  
   
Bonus
$0.00 - $19,562  
Profit Sharing
$0.00 - $17,114  
Commission
$2,400  
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).
)
$47,153 - $130,001  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,747
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$15.12 - $47.17  
   
Hourly Tips
$0.17  
Overtime
$18.75 - $60.50  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$0.00 - $19,562  
   
Commission
$2,400  
Profit Sharing
$0.00 - $17,114  
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).
)
$47,153 - $130,001  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 109
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: 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

  • 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


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


Procurement Managers who go on to become Directors of Supply Chain Management may see their salaries climb quite a bit. Median pay for Directors of Supply Chain Management is $122K annually. 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 $32K higher on average, and it's $23K higher for Senior Strategic Sourcing Managers.

Procurement Manager Job Listings

Search for more jobs:

Popular Employer Salaries for Procurement Manager


Although the highest salaries can be found at The Boeing Company where median pay is $115K, there is little variation in compensation; paychecks are spread only between $105K and $130K.

Popular Skills for Procurement Manager


Survey results imply that Procurement Managers deploy a deep pool of skills on the job. Most notably, skills in Supplier Management, Contract Negotiation, Contract Management, and Negotiation are correlated to pay that is above average, with boosts between 11 percent and 16 percent. Those listing Microsoft Excel as a skill should be prepared for drastically lower pay. Purchasing and Data Analysis also typically command lower compensation. Most people experienced in 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

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


For many Procurement Managers, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Although individuals who have less than five years' experience earn $63K on average, people with five to 10 years benefit from a notably larger average of $78K. Procurement Managers see a median salary of $93K after reaching one to two decades on the job. More than 20 years of experience mean a somewhat bigger median paycheck of $101K, but it's not much more than what less experienced people make.

Pay Difference by Location

National Average: $80,643

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

Houston is home to an above-average pay rate for Procurement Managers, 32 percent higher than the national average. Procurement Managers will also find cushy salaries in Washington (+24 percent), Los Angeles (+19 percent), Chicago (+17 percent), and Boston (+15 percent). Falling short of the national average by 6 percent, the area with the worst salaries is Pittsburgh. Employers pay around 6 percent less in Philadelphia and 5 percent less in Dallas, below-median salaries for those in this field.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Procurement Manager Salaries



National Average
$81,000



Skills That Affect Procurement Manager Salaries

Supplier Management
up arrow 16%





Supply Chain
up arrow 3%

National Average
$81,000

Procurement
up arrow 1%

Logistics
up arrow 7%


Data Analysis
up arrow 16%

Purchasing
up arrow 23%

Microsoft Excel
up arrow 33%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 296 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
1%
1-4 years
19%
5-9 years
28%
10-19 years
31%
20 years or more
20%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 80%
medical benefits
Vision: 68%
dental benefits
None: 8%
ADVERTISEMENT