Median pay for Procurement Managers in the United States is around $79K annually. In the world of Procurement Managers, overall cash allowance can occasionally include more than $18K from bonuses and, in some exceptional cases, $16K from profit sharing, causing incomes to vary widely between $49K and $125K. The particular firm is the main element affecting pay for this group — geography and tenure are driving factors as well. Women are just slightly outnumbered, with male Procurement Managers making up 58 percent of survey respondents. The majority of workers are highly satisfied with their job. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$49,666 - $118,501
(Median)
$50K
$79K
$120K
MEDIAN: $79,296
10%
50%
90%

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$15.00 - $47.67
(Median)
$15
$25
$48
MEDIAN: $24.00
10%
50%
90%

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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
$49,666 - $118,501  
   
Bonus
$980 - $18,165  
Profit Sharing
$0.00 - $15,547  
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).
)
$48,766 - $124,944  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 1,216
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
$15.00 - $47.67  
   
Hourly Tips
$0.17  
Overtime
$22.05 - $57.93  
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
$980 - $18,165  
   
Commission
$2,400  
Profit Sharing
$0.00 - $15,547  
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).
)
$48,766 - $124,944  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 80
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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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As Procurement Managers transition into upper-level roles such as Director of Supply Chain Management, they may see a strong upturn in salary. Directors of Supply Chain Management earn $121K on average per year. A common career progression for a Procurement Manager is to become a Procurement Director or a Senior Strategic Sourcing Manager. Compared to Procurement Managers, the first group earns $34K more on average, and the second group earns $24K 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.

Popular Skills for Procurement Manager


Procurement Managers seem to require a rather large skill set. Most notably, skills in Supplier Management, Contract Negotiation, Contract Management, and Sourcing are correlated to pay that is above average, with boosts between 9 percent and 15 percent. Those listing Microsoft Excel as a skill should be prepared for drastically lower pay. Purchasing and Logistics also typically command lower compensation. Most people skilled in Procurement are similarly competent in Negotiation, Contract Management, and Supply Chain. Those familiar with Contract Negotiation also tend to know Contract Management.

Pay by Experience Level for Procurement Manager

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


For many Procurement Managers, extensive experience does not lead to significantly more money. Relatively untried employees who have less than five years' experience make $66K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $82K. After working for 10 to 20 years, Procurement Managers make a median salary of $92K. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $98K.

Pay Difference by Location

National Average: $80,734

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

For Procurement Managers, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Procurement Managers can also look forward to large paychecks in cities like Houston (+24 percent), Cincinnati (+18 percent), Los Angeles (+17 percent), and Chicago (+13 percent). One of the biggest compensable factors for Procurement Managers is geography, with workers in Dallas earning a whopping 21 percent below the national average. Workers in Orlando and Tampa earn salaries that trail the national average for those in this profession (12 percent less and 11 percent less, respectively).

Related Job Salaries

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Experience Affects Procurement Manager Salaries




National Average
$81,000


Skills That Affect Procurement Manager Salaries




Sourcing
up arrow 9%


Project Management
up arrow 4%

Procurement
0%

National Average
$81,000

Supply Chain
up arrow 3%



Logistics
up arrow 15%

Purchasing
up arrow 40%

Microsoft Excel
up arrow 41%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 177 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

Less than 1 year
2%
1-4 years
22%
5-9 years
29%
10-19 years
30%
20 years or more
17%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 80%
medical benefits
Vision: 70%
dental benefits
None: 9%
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