Purchasing Agent (but not Wholesale, Retail, or Farm Products) Salary
The average Purchasing Agent in the United States earns approximately $49K annually. Overall cash earnings for Purchasing Agents stretch from $31K on the lower end to $67K near the top, and the heftiest packages can encompass around $6K from bonuses and $7K from profit sharing. Residence is the biggest factor affecting pay for this group, followed by career length. Male Purchasing Agents are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 51 percent of the field. Medical benefits are awarded to most, and the greater part earn dental coverage. Job satisfaction for Purchasing Agents is high. The data for this snapshot was collected from individuals who took PayScale's salary survey.
Job Description for Purchasing Agent (but not Wholesale, Retail, or Farm Products)
A company’s purchasing agent (in fields other that wholesale, retail, or farm products) has extensive knowledge of computers and a company's economic procedures. They use those skills to ensure purchasing and orders run smoothly. Purchasing agents must maintain good relationships with current vendors and buyers, which includes communicating changes in products, any new products that the vendor may be interested in purchasing, and any promotions by the company. The purchasing agent keeps up with current product demands and try to increase sales from vendors and buyers. Purchasing agents also regularly work with sales and marketing departments of the company to identify any products or services of the company that are not selling well to decide whether the product should be taken off the market.Read More...
Purchasing agents need a number of skills and prerequisites. For instance, in most cases, a bachelor’s degree typically is a preferred requirement, although a high school diploma may substitute. In addition, prior experience in purchasing or accounting is ideal. Because most of the work is done on the computer, these individual must have knowledge of relevant computer programs.
Purchasing Agent (but not Wholesale, Retail, or Farm Products) Tasks
- Procure and contract for goods and services in a specific industry.
- Take corrective action when defective goods are received.
- Inventory existing property and conduct audits.
- Test and evaluate sample products, draw up and approve requisitions, and ensure adequate supply.
- Research and identify vendors, and negotiate to achieve desired quality, price, and timetables.
Common Career Paths for Purchasing Agent (but not Wholesale, Retail, or Farm Products)
While Purchasing Agents do not often become Purchasing Directors, the job pays $85K per year on average. It is quite typical for Purchasing Agents to transition into roles as Purchasing Managers or Purchasing Managers, where reported median earnings are $15K and $2K higher per year.
Purchasing Agent (but not Wholesale, Retail, or Farm Products) Job Listings
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Popular Skills for Purchasing Agent (but not Wholesale, Retail, or Farm Products)
Purchasing Agents report using a deep pool of skills on the job. Most notably, skills in Contract Negotiation, Sourcing, Data Analysis, and Negotiation are correlated to pay that is above average, with boosts between 7 percent and 13 percent. Skills that seem to negatively impact pay include Pricing, Order Inventory, and Inventory Control. The majority of those who know Purchasing also know Inventory Management, Procurement, and Contract Negotiation. People who know Vendor Management usually also know Procurement.
Pay by Experience Level for Purchasing Agent (but not Wholesale, Retail, or Farm Products)
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Purchasing Agents with a lot of experience do not necessarily enjoy more money. Salaries of relatively inexperienced workers fall in the neighborhood of $42K, but folks who have racked up five to 10 years see a notably higher median of $47K. Purchasing Agents claiming one to two decades of experience make an estimated median of $50K. Purchasing Agents who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $54K.
Pay Difference by Location
Purchasing Agents will find that Austin offers an impressive pay rate, one which exceeds the national average by 39 percent. Purchasing Agents can also look forward to large paychecks in cities like St. Louis (+36 percent), New York (+17 percent), Cleveland (+13 percent), and Denver (+12 percent). Trailing the national average by 19 percent, Buffalo is the market with the smallest paychecks. Employers also pay below the national average in Miami (12 percent lower) and San Diego (5 percent lower).
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Key Stats for Purchasing Agent (but not Wholesale, Retail, or Farm Products)
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