Procurement Specialist Salary

An average Procurement Specialist in the United States can expect to take home roughly $54K annually. Total cash earnings of Procurement Specialists range from $35K on the low end to $80K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $10K and $7K, respectively. Residence is the biggest factor affecting pay for this group, followed by the specific employer and tenure. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to more than half. Most Procurement Specialists like their work and job satisfaction is high. Women make up a slight majority of Procurement Specialists (55 percent) survey respondents. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$37,165 - $78,606
(Median)
$37K
$54K
$79K
MEDIAN: $54,026
10%
50%
90%

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$13.73 - $29.20
(Median)
$14
$19
$29
MEDIAN: $19.00
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$27K$54K$81K
Salary
$37,165 - $78,606  
   
Bonus
$0.00 - $9,820  
Profit Sharing
$394.53 - $7,349  
Commission
$2,948  
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).
)
$35,099 - $79,507  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,446
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$14$28$42
Hourly Rate
$13.73 - $29.20  
   
Overtime
$7.15 - $39.90  
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$28K$56K$84K
Bonus
$0.00 - $9,820  
   
Commission
$2,948  
Profit Sharing
$394.53 - $7,349  
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).
)
$35,099 - $79,507  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 346
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Job Description for Procurement Specialist

Procurement specialists specialize in finding goods and services for businesses at the best price to ensure the businesses' continued functionality. This can include office supplies, inventory, and large scale purchases like real estate. These specialists are counted on to meet budgetary constraints and increase profitability.

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Procurement Specialist Tasks

  • Write and analyze requisitions, invoices, supply requests and supply orders.
  • Track and monitor inventory and needs to determine when to order or purchase new items.
  • Negotiate with different suppliers for price, quality, timeliness and other factors.
  • Expedite and liaise with suppliers to ensure timely delivery of goods.

Common Career Paths for Procurement Specialist


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Procurement Specialists may experience a large salary bump if they progress into a role such as Supply Chain Manager. The latter position pays an average of $83K annually. Career advancement for the typical Procurement Specialist often leads to becoming a Procurement Manager or a Purchasing Manager; median salaries in these positions are $24K higher and $8K higher, respectively.

Procurement Agent Job Listings

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Popular Employer Salaries for Procurement Specialist


Well-known firms with a reputation for hiring numerous Procurement Specialists include ConAgra Foods Inc., Schlumberger, Bechtel Corporation, Siemens, and Bell Helicopter Textron Inc. With a median salary of $70K, Siemens offers Procurement Specialists the highest pay. However, earnings don't seem to live on a large spectrum; they generally peter out at $54K and are capped at $88K. Bechtel Corporation, Raytheon Co., and Schlumberger are a few other companies that offer generous salaries, with Procurement Specialists earning around $61K, $57K, or $55K at each firm, respectively.

Bell Helicopter Textron Inc., ConAgra Foods Inc., and Schlumberger are a few other employers known for handing out relatively lightweight salaries ($50K, $52K, and $55K respectively).

Popular Skills for Procurement Specialist


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Data Analysis, Contract Negotiation, People Management, and Contract Management are correlated to pay that is above average, with boosts between 10 percent and 16 percent. Those listing Logistics as a skill should be prepared for drastically lower pay. Inventory Management and Accounts Payable also typically command lower compensation. Most people experienced in Procurement also know Negotiation and Contract Management.

Pay by Experience Level for Procurement Specialist

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


Procurement Specialists do not generally earn higher incomes from more experience in the field. The average worker who claims fewer than five years of experience earns around $49K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $54K. On average, Procurement Specialists make $58K following one to two decades on the job. In the end, more experience does seem to mean larger paychecks; seasoned Procurement Specialists with more than 20 years of experience earn a predictably higher median salary of $62K.

Pay Difference by Location

National Average: $52,215

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

For Procurement Specialists, Arlington provides a pay rate that is 23 percent greater than the national average. Procurement Specialists can also look forward to large paychecks in cities like Pittsburgh (+19 percent), New York (+17 percent), Houston (+13 percent), and Atlanta (+10 percent). Procurement Specialists in Charlotte report much lower salaries than the rest of the country — 22 percent below the national average — proving that residence is a major factor in overall pay. San Antonio and Austin are a couple other places where companies are known to pay below the median — salaries are 13 percent lower and 8 percent lower, respectively.

Procurement Specialist Reviews

What is it like working as a Procurement Specialist?

Procurement Specialist in Anchorage:
"Training and learning experience. Opportunity to move up."
Pros: Learning Experience. Having the opportunity to move up and encouragement to do so.
Cons: Sometimes there is not enough work.

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Experience Affects Procurement Specialist Salaries




National Average
$52,000


Skills That Affect Procurement Specialist Salaries

Data Analysis
up arrow 16%


People Management
up arrow 10%




Project Management
up arrow 4%

Vendor Management
up arrow 1%

National Average
$52,000

Procurement
up arrow 1%

Microsoft Excel
up arrow 1%

Purchasing
up arrow 4%

Microsoft Office
up arrow 12%

Accounts Payable
up arrow 12%


Logistics
up arrow 20%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 276 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
5%
1-4 years
40%
5-9 years
26%
10-19 years
20%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 79%
medical benefits
Vision: 67%
dental benefits
None: 12%
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