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Procurement Officer Salary

Procurement Officers in the United States take home approximately $61K annually on average. Medical benefits are awarded to most, and the larger part earn dental coverage. The majority of Procurement Officers claim high levels of job satisfaction. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 59 percent. This overview is based on answers to PayScale's salary questionnaire.
$34,607 - $102,040
(Median)
35K
47K
61K
77K
100K
MEDIAN: $60,736
10%
25%
50%
75%
90%

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$12.82 - $23.88
(Median)
13
15
18
24
MEDIAN: $17.00
10%
25%
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$50K$100K$150K
Salary
$34,607 - $102,040  
   
Bonus
$0.00 - $5,068  
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).
)
$33,890 - $99,996  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 92
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$17$34$51
Hourly Rate
$12.82 - $23.88  
   
Overtime
$22.25 - $31.07  
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 - $5,068  
   
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).
)
$33,890 - $99,996  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 17
United States (change)

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.

Procurement Agent Job Listings

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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 $46K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $57K. Procurement Officers claiming one to two decades of experience make an estimated median of $69K. Procurement Officers who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $73K on average.

Experience Affects Procurement Officer Salaries

Late-Career
up arrow 27%

Experienced
up arrow 21%

Mid-Career
up arrow 1%

National Average
$57,000

Entry-Level
up arrow 20%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
1%
1-4 years
25%
5-9 years
31%
10-19 years
32%
20 years or more
11%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 64%
vision benefits Vision: 47% employee benefits None: 11%