Procurement Officer Salary

Earnings for Procurement Officers in the United States come in at around $57K per year on average. Experience level and the particular city each impact pay for this group, with the former having the largest influence. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to more than half. The majority of workers are highly satisfied with their job. Women make up a slight majority of Procurement Officers (55 percent) survey respondents. This report is based on answers to PayScale's salary questionnaire.

$32,827 - $98,945
(Median)
$33K
$57K
$99K
MEDIAN: $56,722
10%
50%
90%

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$11.50 - $30.00
(Median)
$12
$19
$30
MEDIAN: $18.00
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$33K$66K$99K
Salary
$32,827 - $98,945  
   
Bonus
$0.00 - $8,109  
Profit Sharing
$2,200  
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).
)
$31,839 - $97,692  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 117
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$17$34$51
Hourly Rate
$11.50 - $30.00  
   
Overtime
$28.72  
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 - $8,109  
   
Profit Sharing
$2,200  
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).
)
$31,839 - $97,692  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 19
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Job Description for Procurement Officer

The procurement officer ensures the things purchased for the company provide the best possible value and outcomes, whether they be goods for resale, equipment, services, or materials. The procurement officer must be adept at analyzing the needs of the company and possible choices for purchase to meet these needs at the best prices possible while taking into account quality. The procurement officer must be able to ensure that the delivery of purchases meets the needs of the company without causing shortages or excessive surpluses. They must be able to gauge what levels must be kept of purchases to ensure consistent resource availability and performance.

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Procurement Officer Tasks

  • Review financial goals and provide metrics to understand and report on initiatives and cost structure.
  • Ensure books and databases are up to date and accurate.
  • Review historical and competitive costs to identify cost savings opportunities and variances.
  • Analyze category, service, material, and vendor costs to provide key decision information.

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Procurement Officers only report a few specific skills. Fortunate workers who know Procurement command much higher paychecks, scoring salaries 32 percent above average.

Pay by Experience Level for Procurement Officer

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


Experience seems to be a major factor in determining the incomes of Procurement Officers. Salaries of relatively inexperienced workers fall in the neighborhood of $45K, but folks who have racked up five to 10 years see a notably higher median of $56K. For Procurement Officers, 10 to 20 years of experience on the job amounts to an average salary of $68K. People who have worked for more than 20 years report a median income of $70K, which is barely higher than the median for folks with 10 to 20 years of experience.

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Experience Affects Procurement Officer Salaries

Late-Career
up arrow 28%

Experienced
up arrow 24%

Mid-Career
up arrow 2%

National Average
$55,000

Entry-Level
up arrow 18%

Skills That Affect Procurement Officer Salaries

Procurement
up arrow 32%

Contract Negotiation
up arrow 2%

National Average
$55,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 27 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

1-4 years
30%
5-9 years
28%
10-19 years
29%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 70%
medical benefits
Vision: 54%
dental benefits
None: 7%
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