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Procurement Manager Salary (United States)

With a little over a half of Procurement Managers in the United States reporting more than 10 years of experience in the field, this area is heavily weighted toward experienced professionals. Pay ranges from $44K to $130K per year and averages out to $79K annually. Cash earnings for Procurement Managers — including $19K in bonuses and $15K in profit sharing proceeds near the top of the pay scale — generally stretch from $44K to $130K depending on individual performance. The most influential factor affecting pay for this group is career duration, though geography and the particular employer have a (lesser) impact as well. The vast majority enjoy medical while most get dental coverage. Vision coverage is also available to a majority. Male Procurement Managers are more prevalent than women — 62 percent of professionals in this field are men. Job satisfaction is reported as high by the vast majority of workers. The numbers in this rundown were provided by PayScale's salary survey participants.
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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Procurement Managers often transition into upper level Procurement Director positions, where pay tends to be much higher. Typically, Procurement Directors earn $109K per year. A common career progression for a Procurement Manager is to become a Senior Strategic Sourcing Manager or a Supply Chain Manager. Compared to Procurement Managers, the first group earns $22K more on average, and the second group earns $2K more.

Procurement Manager Job Listings

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Popular Employer Salaries for Procurement Manager

Although salaries only range from $105K to just $130K, The Boeing Company still offers the highest pay with a median paycheck of $115K. Hewlett-Packard Company offers the lowest pay, with a median salary of just $94K. The pay scale doesn't vary widely, either; compensation ranges from $42K to $125K. Also approaching the lower end is The Boeing Company.

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, 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 are correlated to lower pay, on the other hand, include Purchasing and Inventory Management. It is often found that people who know Contract Negotiation are also skilled in Procurement and Negotiation. Those proficient in Contract Management are, more often than not, also skilled in Negotiation.

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. The average beginner in this position makes around $61K, but folks who have been around for five to 10 years see a markedly higher median salary of $78K. Procurement Managers bring in $92K after working for 10 to 20 years. People who have worked for more than 20 years report a median income of $101K, which is barely higher than the median for folks with 10 to 20 years of experience. The largest share of Procurement Managers have one to 10 years of experience, followed by those with 10 to 20 years. Workers who have been working for more than 20 years are the least common.

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.
Surpassing the national average by 32 percent, Procurement Managers in Washington receive some of the highest pay in the country. Those in search of high salaries should also consider checking out cities like Boston, San Francisco, Los Angeles, and Houston, top-paying markets where Procurement Managers rake in more than the national norm (+28 percent, +25 percent, +20 percent, and +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%