Procurement Specialist Salary (United States)

Procurement Specialists in the United States typically take home $51,951 annually. Compensation starts at $34,573 and can reach $81,128 per year. With some bonuses and profit sharing proceeds approaching $9,911 each, total incomes of Procurement Specialists generally range from $34,573 to $81,128 depending on individual performance. Geography is the main element affecting pay for this group—career duration and the specific company are driving factors as well. A strong majority enjoy medical while the greater part get dental coverage in this occupation. Vision coverage is also available to more than half. Women make up a slight majority of Procurement Specialists (52 percent). For the most part, Procurement Specialists enjoy their work and report high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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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As Procurement Specialists transition into upper-level roles, they usually see a strong upturn in salary. For instance, it is not uncommon for a Procurement Manager to earn an extra $24K per year than his or her lower-level colleagues.

Procurement Specialist Job Listings

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Popular Employer Salaries for Procurement Specialist

Siemens attracts talent by shelling out the biggest paychecks in the area—the median in that office is $67,497.
Procurement Specialists will find the worst pay at Schlumberger, where the median salary crawls in at $55,434. Furthermore, compensation is curbed at $61K, leaving little room for growth. Others at the bottom of the scale for this job include Bechtel Corporation at $60,150 and Siemens where $67,497 is the norm.

Popular Skills for Procurement Specialist

Survey results suggest that Procurement Specialists use a fairly large toolkit of professional skills. 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 pay less than market rate include Purchasing. Those educated in Procurement tend to be well-versed 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.
Though Procurement Specialists can expect regular salary growth as they advance in their careers, experience does not seem to be a strong driver of pay increase. After five to 10 years, the typical starting salary of $49K climbs to $55K. Pay amounts 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 about one in five of the workforce; inexperienced individuals who have been working for less than one year comprise less than five percent, and senior people with more than 20 years under their belt fill out the remaining less than 10 percent. Between one and nine years is the typical spectrum of experience for those in this line of work—of those who took the survey, more than half land within it.

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, New York provides a pay rate that is 46 percent greater than the national average. Procurement Specialists will also find cushy salaries in Atlanta (+27 percent), Arlington (+23 percent), Washington (+13 percent), and Houston (+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. A couple other locations with smaller-than-average paychecks include Cincinnati (-17 percent) and Charlotte (-12 percent).

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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