Procurement Officer Salary

Median pay for Procurement Officers in the United States lies in the neighborhood of $58K annually. Career duration is the biggest factor affecting pay for this group, followed by geography. Women make up a slight majority of Procurement Officers (59 percent) survey respondents. Job satisfaction for Procurement Officers is high. Most enjoy medical while more than half get dental coverage. Vision coverage is also available to more than half. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$34,970 - $99,600

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$11.66 - $29.59

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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$34K$68K$102K
Salary
$34,970 - $99,600  
   
Bonus
$0.00 - $7,757  
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).
)
$34,000 - $98,117  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 102
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
$11.66 - $29.59  
   
Overtime
$22.25 - $35.03  
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 - $7,757  
   
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).
)
$34,000 - $98,117  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 21
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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.


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Relatively untried employees who have less than five years' experience have a median salary of $45K. Those who have been around for five to 10 years can expect to take home more — $55K on average. For Procurement Officers, 10 to 20 years of experience on the job amounts to an average salary of $69K. More than 20 years of experience mean a somewhat bigger median paycheck of $70K, but it's not much more than what less experienced people make.

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Experience Affects Procurement Officer Salaries

Late-Career
up arrow 28%

Experienced
up arrow 26%

National Average
$55,000

Mid-Career
up arrow 1%

Entry-Level
up arrow 19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 29 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

1-4 years
28%
5-9 years
31%
10-19 years
30%
20 years or more
11%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 68%
vision benefits Vision: 53% employee benefits None: 7%
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