Procurement Specialist Salary

The average Procurement Specialist in the United States earns approximately $54K annually. Total cash compensation to Procurement Specialists approaches anywhere from $35K on the lower end to $80K on the higher end; in exceptional cases, this can include more than $10K from bonuses and upwards of $6K from profit sharing. Earnings for this group are mostly affected by geography, followed by tenure and the particular employer. Women Procurement Specialists who took the survey just slightly outnumber men. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. Work is enjoyable for Procurement Specialists, who typically claim high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.
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$37,289 - $79,039
(Median)
$37K
$54K
$79K
MEDIAN: $53,973
10%
50%
90%

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$13.55 - $29.59
(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
$37,289 - $79,039  
   
Bonus
$0.00 - $9,935  
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).
)
$34,791 - $79,860  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 1,248
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
$13.55 - $29.59  
   
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 - $9,935  
   
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).
)
$34,791 - $79,860  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 295
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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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Though it's uncommon, some Procurement Specialists move into roles as Supply Chain Managers, where pay is an average $83K per year. 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


Siemens offers the highest compensation with a median salary of $69K.

The consistently lowest paying firm is Bell Helicopter Textron Inc., where the median salary is just $50K. There isn't much variation there, either; the pay scale ranges only from $32K to $75K.

Popular Skills for Procurement Specialist


Survey participants wield an impressively varied skill set 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. At the other end of the pay range are skills like Logistics, Inventory Management, and Microsoft Office. 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.


Experience does not seem to be a strong driver of pay increase in this role. People who have worked for fewer than five years bring home $49K on average. Median compensation in the five-to-10 year group, however, is higher at approximately $54K. The average pay reported by folks with 10 to 20 years of experience is around $60K. 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 $68K.

Pay Difference by Location


For Procurement Specialists, working in the bustling city of New York has its advantages, including an above-average pay rate. Procurement Specialists can also look forward to large paychecks in cities like Arlington (+22 percent), Pittsburgh (+16 percent), Houston (+12 percent), and Atlanta (+10 percent). Trailing the national average by 18 percent, Charlotte is the market with the smallest paychecks. A couple other locations with smaller-than-average paychecks include Phoenix (6 percent lower) and San Antonio (4 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.

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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
up arrow 1%

National Average
$52,000

Microsoft Excel
up arrow 1%

Purchasing
up arrow 4%

Accounts Payable
up arrow 7%

Microsoft Office
up arrow 12%

Inventory Management
up arrow 17%

Logistics
up arrow 20%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 250 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: 67% employee benefits None: 12%
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