Procurement Specialist Salary (United States)

Salaries for Procurement Specialists in the United States lie in the neighborhood of $51,951 annually. The range in pay spans from $34,573 to $81,128 per year. Overall cash earnings stretch from $37,232 near the bottom to $79,592 near the top, and the heftier packages can encompass around $9,911 each from bonuses and profit sharing. Residency is the biggest factor affecting pay for this group, followed by career duration and the specific company. Benefits are common in this line of work, with most reporting medical and dental coverage and more than half collecting vision insurance. Women make up a slight majority of Procurement Specialists (52 percent). Job satisfaction for Procurement Specialists is high. The figures in this overview are derived from responses to the PayScale salary survey.
Procurement Specialist Salary (?
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.
)
$37,232 - $79,592
(Median)
37K
44K
54K
66K
80K
MEDIAN: $53,535
10%
25%
50%
75%
90%
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Procurement Specialist Salary (?
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.
)
$12.86 - $30.15
(Median)
13
15
18
25
30
MEDIAN: $18.00
10%
25%
50%
75%
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$28K$56K$84K
Salary
$37,232 - $79,592  
   
Bonus
$0.00 - $9,911  
Profit Sharing
$257.60 - $5,068  
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).
)
$34,573 - $81,128  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 985
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$15$30$45
Hourly Rate
$12.86 - $30.15  
   
Overtime
$17.22 - $43.14  
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$30K$60K$90K
Bonus
$0.00 - $9,911  
   
Profit Sharing
$257.60 - $5,068  
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).
)
$34,573 - $81,128  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 226
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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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More often than not, Procurement Specialists can expect a sizeable increase in earnings as they climb the career ladder. For example, top-notch roles like Procurement Manager can offer an extra $24K annually than lower-level jobs in the same field.

Procurement Specialist Job Listings

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Popular Employer Salaries for Procurement Specialist

Those at Siemens can expect to make the most, with the company offering a median salary of $67,497.
The lowest salaries can be found at Schlumberger—median pay is $55,434—and there is little variability in compensation, with paychecks starting at $45K and only reaching $61K. Also approaching the lower end are Bechtel Corporation at $60,150 and Siemens at $67,497.

Popular Skills for Procurement Specialist

Survey results suggest that Procurement Specialists put a wide range of professional skills to use. Most notably, skills in Contract Negotiation, Contract Management, Vendor Management, and People Management are correlated to pay that is above average, with boosts of 18 percent, 13 percent, 11 percent, and 11 percent, respectively. At the other end of the pay range are skills like Purchasing. 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.
For Procurement Specialists, level of experience is overall a somewhat less important part of the salary calculation—more experience does not yield dramatically higher pay—and pay raises are largely incremental. Starting at around $49K, salaries see a boost to $55K after five to 10 years. Salary comes to $58K after 10 to 20 years. As Procurement Specialists approach two decades on the job, pay accelerates at a slower pace, and typical earnings come to $66K. Experienced employees who have 10-20 years of experience make up 20 percent of the workforce; inexperienced individuals who have been working for less than one year comprise less than five, and senior people with more than 20 years under their belt fill out the remaining less than 10. Between one and nine years of experience is the norm for people in this field—a majority of those surveyed fit this bill.

Pay Difference By Location

New York
up arrow 46%
up arrow 27%
Arlington
up arrow 23%
Washington
up arrow 13%
up arrow 12%
Pittsburgh
up arrow 6%
up arrow 5%
up arrow 4%
Boston
up arrow 3%
National Average
$52,000
Orlando
up arrow 3%
Seattle
up arrow 3%
Denver
up arrow 4%
Charlotte
up arrow 12%
Cincinnati
up arrow 17%
Milwaukee
up arrow 20%
Larger circles over a city indicate a job is popular in that location.
For Procurement Specialists, working in the bustling city of New York has its advantages, including an above-average pay rate. Those in search of high salaries should also consider checking out cities like Atlanta, Arlington, Washington, and Houston, top-paying markets where Procurement Specialists rake in more than the national norm (+27 percent, +23 percent, +13 percent, and +12 percent). Place of residency plays a huge part in a Procurement Specialist's salary, with Milwaukee Procurement Specialists earning salaries that are 20 percent less than the national average. Workers in Cincinnati and Charlotte earn less than others in this profession; their -17 percent and -12 percent-salaries fall short of the national average.

Related Job Salaries

Experience Affects Procurement Specialist Salaries

National Average
$52,000

Skills That Affect Procurement Specialist Salaries

People Management
up arrow 9%
Procurement
up arrow 2%
National Average
$52,000
Microsoft Excel
up arrow 2%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 239 votes.

Gender

Female
52%
female alumni
 
Male
48%
male alumni

Years of Experience

Less than 1 year
5%
1-4 years
40%
5-9 years
25%
10-19 years
20%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 79%
vision benefits Vision: 66% employee benefits None: 13%
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