Procurement Manager Salary (United States)

Most Procurement Managers in the United States—more than half—have been in the field for more than 10 years. Pay can fall anywhere from $44,493 to $129,714 per year, but standard earnings come to around $80,324 per year. Total cash income, which bottoms out near $46,476 and peaks near $119,816, incorporates potential for more than $19,468 from bonuses and close to $15,101 from profit sharing in exceptional cases. While geography and the individual firm impact pay for this group, career length is the most influential factor. Nearly all enjoy medical and dental coverage in this occupation, and more than half get vision benefits. The majority of Procurement Managers claim high levels of job satisfaction. Participants in PayScale's salary questionnaire provided the particulars of this report.
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  
PayScale
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  
PayScale
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 receive a large increase in pay with career advancement. Those who transition into an upper level Procurement Director position frequently earn an additional $29K per year. A typical promotion for Procurement Managers is becoming Sr. Strategic Sourcing Managers or Supply Chain Managers, where they can expect an extra $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 reports the lowest median salary in the area (it's only $94,257) but some workers make up to $125,285, indicating a rather large gap in employee earnings.

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 seem to negatively impact pay include Purchasing and Inventory Management. Skill sets containing Contract Negotiation also tend to include Procurement and Negotiation. Most people experienced in Contract Management also know Negotiation.

Pay by Experience Level for Procurement Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Procurement Managers with a lot of experience tend to enjoy higher salaries. Salaries start at $61K, which grows to $78K after five to 10 years. Those with one to two decades of experience under their belt tend to see salaries around $100K. Procurement Managers who stay in the field for several decades see their salaries grow less quickly after 20 years, with incomes eventually hovering around $101K. Procurement Managers with one to 10 years of experience are most common in the field, followed by those with 10 to 20 years and more than 20 years. Workers who have been working for more than 20 years are hardest to find.

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.
Procurement Managers will find that Washington offers an impressive pay rate, one which exceeds the national average by 32 percent. Boston, San Francisco, Los Angeles, and Houston are a few other cities that offer generous salaries, with Procurement Managers earning around 28 percent, 25 percent, 20 percent, and 19 percent more than average. Trailing the national average by 4 percent, Dallas is the market with the smallest paychecks.

Related Job Salaries

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%
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