Procurement Specialist Salary

Procurement Specialists in the United States can expect to earn an average of $54K annually. Total cash compensation to Procurement Specialists bottoms out near $35K and approaches $79K on the high end; the biggest paychecks include approximately $10K from bonuses and almost $6K from profit sharing. Location is the main element affecting pay for this group — the specific employer and tenure are driving factors as well. The majority of workers are highly satisfied with their job. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Women make up a slight majority of Procurement Specialists (54 percent) survey respondents. The numbers in this rundown were provided by PayScale's salary survey participants.
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$37,248 - $78,592

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$13.51 - $29.09

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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
$37,248 - $78,592  
   
Bonus
$0.00 - $9,907  
Profit Sharing
$306.39 - $5,872  
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).
)
$34,784 - $79,443  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 1,259
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
$13.51 - $29.09  
   
Overtime
$16.89 - $40.25  
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 - $9,907  
   
Profit Sharing
$306.39 - $5,872  
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).
)
$34,784 - $79,443  
Country: United States | Currency: USD | Updated: 18 Jul 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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Procurement Specialists' salaries may rise greatly for those who assume a higher-end position such as a Supply Chain Manager. The average Supply Chain Manager brings home $83K per year. Procurement Specialists typically move into roles as Procurement Managers or Purchasing Managers, and those positions pay $24K more and $8K more, respectively.

Procurement Agent Job Listings

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Popular Employer Salaries for Procurement Specialist


Many Procurement Specialists can be found at Schlumberger, Bechtel Corporation, Bell Helicopter Textron Inc., Siemens, and Lockheed Martin Corp, firms that are at the top of the field. For Procurement Specialists, comfortable salaries can be found at Siemens; in fact, median earnings sit around $69K, the highest in the area.

Popular Skills for Procurement Specialist


Procurement Specialists seem to exploit a large range of skills on the job. Most notably, skills in Contract Negotiation, People Management, Contract Management, and Sourcing are correlated to pay that is above average, with boosts between 8 percent and 15 percent. At the other end of the pay range are skills like Logistics, Inventory Management, and Microsoft Office. For most people, competency in Procurement indicates knowledge of 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 and pay tend to be weakly linked for Procurement Specialists — those with more experience do not necessarily bring in higher earnings. Salaries for the relatively untried average out to around $49K, but survey participants with five to 10 years of experience earn a significantly higher median of $54K. For Procurement Specialists, 10 to 20 years of experience on the job amounts to an average salary of $59K. 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 $66K.

Pay Difference by Location


New York is home to an above-average pay rate for Procurement Specialists, 29 percent higher than the national average. Procurement Specialists can also look forward to large paychecks in cities like Arlington (+22 percent), Pittsburgh (+17 percent), Houston (+13 percent), and Atlanta (+11 percent). Trailing the national average by 17 percent, Charlotte is the market with the smallest paychecks. Workers in Phoenix and San Antonio earn salaries that trail the national average for those in this profession (5 percent less and 3 percent less, 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%





Project Management
up arrow 4%

Procurement
up arrow 1%

Microsoft Excel
0%

National Average
$52,000

Purchasing
up arrow 4%

Accounts Payable
up arrow 7%

Microsoft Office
up arrow 11%

Inventory Management
up arrow 17%

Logistics
up arrow 20%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 240 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
4%
1-4 years
41%
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: 13%
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