Procurement Specialist Salary

Median pay for Procurement Specialists in the United States is around $55K annually, but employers in Washington offer the biggest paychecks; average compensation in that city is approximately $65K. Procurement Specialists can also look forward to large paychecks in cities like Chicago (+24 percent), Arlington (+24 percent), Houston (+21 percent), and New York (+17 percent). This overview is based on answers to PayScale's salary questionnaire.
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$38,459 - $80,565
$38K
$55K
$81K
MEDIAN: $54,583
10%
50%
90%

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$14.07 - $28.96
$14
$20
$29
MEDIAN: $19.68
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
$38,459 - $80,565  
   
Bonus
$0.00 - $9,892  
Profit Sharing
$0.00 - $8,243  
Commission
$2,500  
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).
)
$35,299 - $80,551  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 1,135
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
$14.07 - $28.96  
   
Overtime
$19.69 - $39.46  
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 - $9,892  
   
Commission
$2,500  
Profit Sharing
$0.00 - $8,243  
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).
)
$35,299 - $80,551  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 363

Find Out Exactly What You Should Be Paid

United States (change)

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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

  • Negotiate with different suppliers for price, quality, timeliness and other factors.
  • Expedite and liaise with suppliers to ensure timely delivery of goods.
  • 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.

Common Career Paths for Procurement Specialist


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Procurement Specialists who advance into the role of a Strategic Sourcing Manager are fairly uncommon. Strategic Sourcing Managers on average earn $91K per year. Procurement Managers or Purchasing Managers are common next-step roles for Procurement Specialists moving up in their careers; annual pay for Procurement Managers is $26K higher on average, and it's $9K higher for Purchasing Managers.

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 Schlumberger, ConAgra Foods Inc., Bechtel Corporation, Bell Helicopter Textron Inc., and Raytheon Co. Although Bechtel Corporation boasts the highest average salary in town at $61K, employee compensation still varies greatly — workers can make as little as $49K or as much as $105K. Raytheon Co., Siemens, and Schlumberger also offer top salaries for Procurement Specialists. Workers at these firms can expect to earn about $60K, $60K, and $55K, respectively.

Others at the bottom of the scale for this job include Viasat, Inc. at $50K, and Bell Helicopter Textron Inc. where $50K is the norm, but it is worth noting that some Procurement Specialists there earn up to $75K.

Popular Skills for Procurement Specialist


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Contract Negotiation, Contract Management, People Management, and Project Management are correlated to pay that is above average, with boosts between 10 percent and 17 percent. At the other end of the pay range are skills like Accounts Payable, Microsoft Office, and Inventory Management. Most people skilled in Procurement are similarly competent in Negotiation and Contract Management.

Pay by Experience Level for Procurement Specialist

Pay by Experience for a Procurement Specialist has a positive trend. An entry-level Procurement Specialist with less than 5 years of experience can expect to earn an average total compensation of $49,000 based on 816 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Procurement Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $56,000 based on 467 salaries. An experienced Procurement Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $57,000 based on 315 salaries. A Procurement Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $58,000 based on 138 salaries.

Pay Difference by Location

National Average: $51,960

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

Procurement Specialist Reviews

Q: 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

Key Stats for Procurement Specialist

Gender

Female
57 %
Male
43 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 249 votes.
Less than 1 year
6%
1-4 years
41%
5-9 years
26%
10-19 years
18%
20 years or more
10%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Procurement Specialist Salaries

▲12%

▲9%

▲7%

National Average
$52,000

▼6%

Skills That Affect Procurement Specialist Salaries




People Management
▲10%

Microsoft Excel
▲7%

SAP Enterprise Resource Planning (ERP)
▲7%

▲3%

▲3%


National Average
$52,000

▼2%


▼4%


Microsoft Office
▼10%

Accounts Payable
▼19%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 249 votes.

Gender

Female
57 %
Male
43 %

Years of Experience

Less than 1 year
6%
1-4 years
41%
5-9 years
26%
10-19 years
18%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 80%
vision benefits
Vision: 69%
no benefits
None: 11%
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