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Procurement Specialist Salary

Procurement Specialists in the United States can expect wages of $54K per year on average. In the world of Procurement Specialists, total cash compensation can vary between $35K and $80K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $10K and $6K, respectively. This group's pay is mainly influenced by geography, followed by experience level and the particular employer. Work is enjoyable for Procurement Specialists, who typically claim high levels of job satisfaction. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Women Procurement Specialists who took the survey just slightly outnumber men. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$37,706 - $78,782
(Median)
$38K
$54K
$79K
MEDIAN: $54,089
10%
50%
90%

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$13.60 - $29.75
(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
$37,706 - $78,782  
   
Bonus
$0.00 - $9,833  
Profit Sharing
$309.13 - $5,817  
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).
)
$34,997 - $79,711  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 1,229
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
$13.60 - $29.75  
   
Overtime
$18.38 - $42.28  
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 - $9,833  
   
Profit Sharing
$309.13 - $5,817  
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).
)
$34,997 - $79,711  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 286

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United States (change)


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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 may experience a large salary bump if they progress into a role such as Supply Chain Manager. The latter position pays an average of $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


Siemens offers the best pay with a median salary of $68K, though salaries there don't seem that varied, bottoming out near $53K and maxing out at just $88K.

Bell Helicopter Textron Inc. offers the lowest pay, with a median salary of just $50K. The pay scale doesn't vary widely, either; compensation ranges from $32K to $75K.

Popular Skills for Procurement Specialist


Survey takers working as Procurement Specialists report using a large range of professional 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 14 percent. At the other end of the pay range are skills like Microsoft Office and Purchasing. Most people 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 more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. The median compensation for relatively untried workers is $49K; in the five-to-10 year group, it's higher at around $55K. For Procurement Specialists, 10 to 20 years of experience on the job amounts to an average salary of $59K. 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


For Procurement Specialists, working in the bustling city of New York has its advantages, including an above-average pay rate. Procurement Specialists will also find cushy salaries in Arlington (+21 percent), Pittsburgh (+16 percent), Atlanta (+14 percent), and Houston (+12 percent). The lowest-paying market is Charlotte, which sits 15 percent below the national average. Employers pay around 7 percent less in Phoenix and 5 percent less in San Antonio, below-median salaries for those in this field.

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 9%




Project Management
up arrow 4%

Procurement
up arrow 1%

National Average
$52,000

Microsoft Excel
up arrow 1%


Microsoft Office
up arrow 11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 263 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
5%
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%
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