Procurement Specialist Salary

Earnings for Procurement Specialists in the United States come in at around $54K annually on average. In the world of Procurement Specialists, overall cash allowance can occasionally include more than $10K from bonuses and, in some exceptional cases, $7K from profit sharing, causing incomes to vary widely between $35K and $80K. Geography is the biggest factor affecting pay for this group, followed by the specific employer and experience level. Job satisfaction for Procurement Specialists is high. Women Procurement Specialists who took the survey just slightly outnumber men. Medical benefits are awarded to most, and a strong majority earn dental coverage. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
Read More
$37,165 - $78,606
(Median)
$37K
$54K
$79K
MEDIAN: $54,026
10%
50%
90%

Add this chart to your site: 640px    300px

$13.73 - $29.20
(Median)
$14
$19
$29
MEDIAN: $19.00
10%
50%
90%

Add this chart to your site: 640px    300px

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
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

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


Add this chart to your site:   640px 640px    300px 300px


Procurement Specialists may progress into high-paying roles like Supply Chain Manager, where median compensation is $83K annually. Procurement Specialists most often move into positions as Procurement Managers or Purchasing Managers; those groups report median salaries that are $24K higher and $8K higher, respectively.

Procurement Agent Job Listings

Search for more jobs:

Popular Employer Salaries for Procurement Specialist


Procurement Specialists flock to ConAgra Foods Inc., Schlumberger, Bechtel Corporation, Siemens, and Bell Helicopter Textron Inc., highly regarded companies that employ a generous number of people in this profession. Salary cannot be beat at Siemens, where median pay comes to $70K. The range seems somewhat confined, however; the lower end sits at $54K, and the higher end is not far away at $88K. Bechtel Corporation, Raytheon Co., and Schlumberger also offer top salaries for Procurement Specialists. Workers at these firms can expect to earn about $61K, $57K, and $55K, 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 participants wield an impressively varied skill set on the job. 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. The majority of those who know 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. Respondents with less than five years' experience take home $49K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $54K. For Procurement Specialists, 10 to 20 years of experience on the job amounts to an average salary of $58K. Old hands boasting more than twenty years of relevant experience report pay that is more or less commensurate with that extensive experience; average earnings for this group come out to approximately $62K.

Pay Difference by Location

National Average: $52,215

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

Arlington is home to an above-average pay rate for Procurement Specialists, 23 percent higher 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). Place of residence plays a huge part in a Procurement Specialist's salary, with Charlotte Procurement Specialists earning salaries that are 22 percent less than the national average. A couple other locations with smaller-than-average paychecks include San Antonio (13 percent lower) and Austin (8 percent lower).

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.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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%
ADVERTISEMENT