Procurement Specialist Salary

Average Procurement Specialists in the United States make around $54K annually. Including potential for bonuses and profit sharing — peaking near $10K and $6K, respectively — total cash payment to Procurement Specialists can bottom out near $35K or peak near $80K depending on individual performance. Earnings for this group are mostly affected by residence, followed by the specific employer and tenure. Women make up a slight majority of Procurement Specialists (54 percent) survey respondents. The majority of Procurement Specialists claim high levels of job satisfaction. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$37,774 - $78,742
(Median)
$38K
$54K
$79K
MEDIAN: $53,801
10%
50%
90%

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$13.47 - $29.85
(Median)
$13
$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
$37,774 - $78,742  
   
Bonus
$0.00 - $9,850  
Profit Sharing
$302.01 - $5,960  
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).
)
$34,959 - $79,532  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 1,199
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
$13.47 - $29.85  
   
Overtime
$18.16 - $42.59  
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 - $9,850  
   
Profit Sharing
$302.01 - $5,960  
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).
)
$34,959 - $79,532  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 280

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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 might see a strong upturn in salary after transitioning into upper-level roles such as Procurement Manager, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $76K per year. The most common career progression for Procurement Specialists leads to becoming a Purchasing Manager, where average pay is $60K annually. However, many Procurement Specialists also opt to become Contract Administrators. Typically, a Contract Administrator brings home $51K.

Procurement Agent Job Listings

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Popular Employer Salaries for Procurement Specialist


With a median salary of $68K, Siemens offers Procurement Specialists the highest pay. However, earnings don't seem to live on a large spectrum; they generally peter out at $53K and are capped at $88K.

While select Bell Helicopter Textron Inc. employees may bring in up to $75K, a median salary of only $50K — the lowest in the field — suggests a serious lag in the earnings department.

Popular Skills for Procurement Specialist


Survey results show that Procurement Specialists use a fair number of skills. Most notably, skills in Contract Negotiation, People Management, Contract Management, and Negotiation are correlated to pay that is above average, with boosts between 9 percent and 15 percent. Skills that pay less than market rate include Purchasing. The majority of those who know 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.


Procurement Specialists with a lot of experience do not necessarily enjoy more money. 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. On average, Procurement Specialists make $60K following one to two decades on the job. In the end, the overall pattern seems to be that more experience generally corresponds to higher pay; a Procurement Specialist with more than 20 years of experience can earn $67K on average.

Pay Difference by Location


Procurement Specialists will find that New York offers an impressive pay rate, one which exceeds the national average by 28 percent. Procurement Specialists can also look forward to large paychecks in cities like Arlington (+22 percent), Pittsburgh (+13 percent), Atlanta (+13 percent), and Houston (+12 percent). Charlotte ranks last in the field for pay, reporting salaries 14 percent below the national average. Not at the bottom but still paying below the median are employers in Phoenix and San Antonio (6 percent lower and 5 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.

Related Job Salaries

United States (change)

Experience Affects Procurement Specialist Salaries




National Average
$52,000


Skills That Affect Procurement Specialist Salaries


People Management
up arrow 10%





Project Management
up arrow 3%

Procurement
up arrow 1%

National Average
$52,000

Microsoft Excel
up arrow 1%

Purchasing
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 268 votes.

Gender

Female
54 %
Male
46 %

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: 13%