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Procurement Officer Salary

An average Procurement Officer in the United States can expect to take home roughly $58K annually. Career length is the biggest factor affecting pay for this group, followed by geography. Procurement Officers survey participants are largely women, dominating at 62 percent. Medical benefits are awarded to most, and the larger part earn dental coverage. Job satisfaction for Procurement Officers is high. The data in this summary comes from the PayScale salary survey.

$35,220 - $99,016
(Median)
$35K
$58K
$99K
MEDIAN: $58,429
10%
50%
90%

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$11.58 - $29.80
(Median)
$12
$18
$30
MEDIAN: $17.00
10%
50%
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$34K$68K$102K
Salary
$35,220 - $99,016  
   
Bonus
$0.00 - $5,034  
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).
)
$34,327 - $97,078  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 100
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
$11.58 - $29.80  
   
Overtime
$17.37 - $74.50  
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 - $5,034  
   
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).
)
$34,327 - $97,078  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 20

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United States (change)


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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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Pay by Experience Level for Procurement Officer

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


For many Procurement Officers, more experience generally translates to higher pay. Relatively untried employees who have less than five years' experience make $45K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $56K. Procurement Officers who work for 10 to 20 years in their occupation tend to earn about $70K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $73K.

United States (change)

Experience Affects Procurement Officer Salaries

Late-Career
up arrow 32%

Experienced
up arrow 26%

Mid-Career
up arrow 2%

National Average
$55,000

Entry-Level
up arrow 19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 32 votes.

Gender

Female
62 %
Male
38 %

Years of Experience

1-4 years
30%
5-9 years
33%
10-19 years
29%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 66%
vision benefits Vision: 51% employee benefits None: 10%
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