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Procurement Specialist Salary

Median pay for Procurement Specialists in the United States lies in the neighborhood of $53K annually. In the world of Procurement Specialists, overall cash allowance can occasionally include more than $10K from bonuses and, in some exceptional cases, $5K from profit sharing, causing incomes to vary widely between $35K and $80K. Earnings for this group are mostly affected by geographic location, followed by career length and the specific company. Most workers in this position report high levels of job satisfaction. Women make up a slight majority of Procurement Specialists (53 percent) survey respondents. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
$37,308 - $79,496
(Median)
37K
44K
53K
66K
79K
MEDIAN: $53,445
10%
25%
50%
75%
90%

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$13.16 - $29.80
(Median)
13
18
24
30
MEDIAN: $18.00
10%
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$27K$54K$81K
Salary
$37,308 - $79,496  
   
Bonus
$0.00 - $9,909  
Profit Sharing
$275.00 - $5,057  
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 - $80,459  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 1,075
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$14$28$42
Hourly Rate
$13.16 - $29.80  
   
Overtime
$18.38 - $40.86  
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$28K$56K$84K
Bonus
$0.00 - $9,909  
   
Profit Sharing
$275.00 - $5,057  
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 - $80,459  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 240
United States (change)

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 transition into upper-level roles like Procurement Manager. Median pay for a Procurement Manager is $76K per year.

Procurement Agent Job Listings

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Popular Employer Salaries for Procurement Specialist


Siemens leads the field in terms of pay, with a median salary of $64K.

Bell Helicopter Textron Inc. offers the lowest pay in the field with a median salary of just $50K, but on the other end, some employees may earn up to $75K.

Popular Skills for Procurement Specialist


Procurement Specialists report using a wide 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 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.


For Procurement Specialists, experience does not seem to be a major factor in determining pay. Those who have worked for fewer than five years take home a median salary of $49K, and workers with five to 10 years of experience earn a higher $54K on average. Procurement Specialists see a median salary of $58K after reaching one to two decades on the job. In the end, more experience does seem to mean larger paychecks; seasoned Procurement Specialists with more than 20 years of experience earn a predictably higher median salary of $68K.

Pay Difference by Location


New York is home to an above-average pay rate for Procurement Specialists, 39 percent higher than the national average. Procurement Specialists can also look forward to large paychecks in cities like Arlington (+23 percent), Atlanta (+15 percent), Houston (+11 percent), and Pittsburgh (+7 percent). Procurement Specialists in Milwaukee take home the lowest salaries, earning a whopping 20 percent less than the national average. Not at the bottom but still paying below the median are employers in Charlotte and Phoenix (12 percent lower and 8 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

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


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 250 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
5%
1-4 years
40%
5-9 years
26%
10-19 years
21%
20 years or more
9%

Common Health Benefits

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