Procurement Specialist Salary

An average Procurement Specialist in the United States can expect to take home roughly $54K annually. Total incomes of Procurement Specialists incorporate potential for, in a few cases, more than $10K from bonuses and close to $6K from profit sharing; these performance components cause packages to range between $35K and $80K. Residence is the main element affecting pay for this group — the specific employer and tenure are driving factors as well. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Job satisfaction is reported as high by the vast majority of workers. Women make up a slight majority of Procurement Specialists (55 percent) survey respondents. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$37,151 - $78,752
(Median)
$37K
$54K
$79K
MEDIAN: $53,842
10%
50%
90%

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$13.62 - $29.67
(Median)
$14
$19
$30
MEDIAN: $18.00
10%
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$27K$54K$81K
Salary
$37,151 - $78,752  
   
Bonus
$0.00 - $9,909  
Profit Sharing
$350.00 - $5,500  
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).
)
$34,849 - $79,792  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 1,255
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$14$28$42
Hourly Rate
$13.62 - $29.67  
   
Overtime
$17.11 - $41.78  
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$28K$56K$84K
Bonus
$0.00 - $9,909  
   
Profit Sharing
$350.00 - $5,500  
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).
)
$34,849 - $79,792  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 294
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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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There are some Procurement Specialists — though it's uncommon — that transition into Supply Chain Managers, where earnings are an average $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

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Popular Employer Salaries for Procurement Specialist


Procurement Specialists flock to Schlumberger, Bechtel Corporation, Bell Helicopter Textron Inc., Siemens, and Lockheed Martin Corp, highly regarded companies that employ a generous number of people in this profession. Siemens offers the largest salaries in town — $69K on average.

Popular Skills for Procurement Specialist


Survey results imply that Procurement Specialists deploy a deep pool of skills on the job. Most notably, skills in Contract Negotiation, People Management, Contract Management, and Negotiation are correlated to pay that is above average, with boosts between 8 percent and 14 percent. Those listing Inventory Management as a skill should be prepared for drastically lower pay. Logistics and Microsoft Office also typically command lower compensation. Most people skilled in Procurement are similarly competent in 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. Relatively untried employees who have fewer than five years of experience earn around $49K on average. People who have worked for five to 10 years can expect a higher median salary of $54K. The average pay reported by folks with 10 to 20 years of experience is around $60K. Veterans who have acquired more than 20 years report a median income of $67K, which is generally higher than the pay reported by other tenure groups.

Pay Difference by Location


For Procurement Specialists, New York provides a pay rate that is 29 percent greater than the national average. Procurement Specialists can also look forward to large paychecks in cities like Arlington (+22 percent), Pittsburgh (+15 percent), Houston (+13 percent), and Atlanta (+10 percent). Charlotte ranks last in the field for pay, reporting salaries 17 percent below the national average. Phoenix and San Antonio are a couple other places where companies are known to pay below the median — salaries are 6 percent lower and 4 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


People Management
up arrow 10%






Procurement
0%

Microsoft Excel
0%

National Average
$52,000

Purchasing
up arrow 4%

Accounts Payable
up arrow 7%

Microsoft Office
up arrow 11%

Logistics
up arrow 20%

Inventory Management
up arrow 21%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 247 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 78%
vision benefits Vision: 66% employee benefits None: 12%
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