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Procurement Specialist Salary (United States)

Procurement Specialists in the United States ordinarily take home approximately $54K per year. With some bonuses approaching $10K and certain profit sharing proceeds approaching $5K, overall incomes of Procurement Specialists spread between $35K and $81K depending on individual performance. Compensation for this group is mainly affected by location, but career duration and the specific company are influential factors as well. The greater part report receiving medical coverage from their employers and a fair portion collect dental insurance. Women Procurement Specialists just slightly outnumber men. Job satisfaction is reported as high by the vast majority of workers. Replies to PayScale's salary questionnaire form the basis for this summary.
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  
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  
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.
Read More...
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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For Procurement Specialists, career progression typically leads to a rather large increase in compensation. Usually, an upper-level role like a Procurement Manager will earn $76K annually.

Procurement Agent Job Listings

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Popular Employer Salaries for Procurement Specialist

Heading up the field in terms of compensation, Siemens offers the most; Procurement Specialists earn $67K on average there.
Schlumberger offers the lowest pay in the field with a median salary of just $55K. There's also little variation in pay at the company, with pay ranging from $45K to $61K. Employees at Bechtel Corporation can also expect below-average earnings.

Popular Skills for Procurement Specialist

Procurement Specialists report using a diverse set of skills on the job. 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. Skills that are correlated to lower pay, on the other hand, include 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.
For Procurement Specialists, more experience in the field does not usually mean bigger paychecks. The average inexperienced worker earns $49K, and someone who has worked for five to 10 years can expect a bigger median salary of $54K. Procurement Specialists see a median salary of $58K after reaching one to two decades on the job. After two decades in the workforce, the average Procurement Specialist generally earns more than ever; median pay for this group is estimated at $66K. Workers in this area tend to have one to nine years of experience. Experienced employees who have 10-20 years of experience make up close to one-fifth of the workforce; inexperienced individuals who have been working for less than one year comprise fewer than one in twenty, and senior people with more than 20 years under their belt fill out the remaining less than 10 percent.

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.
New York is home to an above-average pay rate for Procurement Specialists, 46 percent higher than the national average. Atlanta, Arlington, Washington, and Houston also offer top salaries for Procurement Specialists. Workers in these cities can expect to earn about 27 percent, 23 percent, 13 percent, and 12 percent more, respectively. Procurement Specialists in Milwaukee earn salaries far below the national average by 20 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Two other places where employers offer below-median salaries are Cincinnati (17 percent less) and Charlotte (12 percent less).

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 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%