Purchasing Agent (but not Wholesale, Retail, or Farm Products) Salary

For Purchasing Agents, annual average wages total $48K per year. Pay generally varies between $31K and $66K per year. Total cash compensation for Purchasing Agents runs from $31K to $66K depending on bonuses that can occasionally exceed $5K and profit sharing that can reach almost $7K. Geographic location and experience level each impact pay for this group, with the former having the largest influence. The majority of Purchasing Agents claim high levels of job satisfaction. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 53 percent. Medical benefits are awarded to a large number, and the larger part earn dental coverage. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$34,077 - $70,094
(Median)
$34K
$48K
$70K
MEDIAN: $47,865
10%
50%
90%

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$12.36 - $23.35
(Median)
$12
$17
$23
MEDIAN: $16.00
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$24K$48K$72K
Salary
$34,077 - $70,094  
   
Bonus
$0.00 - $5,095  
Profit Sharing
$400.00 - $7,122  
Commission
$0.00 - $983  
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).
)
$30,598 - $66,348  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 1,751
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$12$24$36
Hourly Rate
$12.36 - $23.35  
   
Overtime
$18.18 - $34.27  
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$24K$48K$72K
Bonus
$0.00 - $5,095  
   
Commission
$0.00 - $983  
Profit Sharing
$400.00 - $7,122  
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).
)
$30,598 - $66,348  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 851
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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.

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Purchasing Agent (but not Wholesale, Retail, or Farm Products) Tasks

  • 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.
  • Inventory existing property and conduct audits.
  • Procure and contract for goods and services in a specific industry.
  • Take corrective action when defective goods are received.

Common Career Paths for Purchasing Agent (but not Wholesale, Retail, or Farm Products)


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While Purchasing Agents do not often become Purchasing Directors, the job pays $84K 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 $16K and $4K 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 seem to require a rather large skill set. Most notably, skills in Contract Negotiation, Procurement, Vendor Management, and Negotiation are correlated to pay that is above average, with boosts between 7 percent and 19 percent. Skills that pay less than market rate include Order Inventory, Inventory Control, and Inventory Management. Most people familiar with Purchasing also know Inventory Management, Procurement, and Contract Negotiation. The majority of those who know Vendor Management 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.


For Purchasing Agents, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. People who have worked for fewer than five years bring home $40K on average. Median compensation in the five-to-10 year group, however, is higher at approximately $45K. On average, Purchasing Agents make $50K following one to two decades on the job. People who have worked for more than 20 years report a median income of $53K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location


Purchasing Agents will find that New York offers an impressive pay rate, one which exceeds the national average by 28 percent. Purchasing Agents will also find cushy salaries in Los Angeles (+25 percent), Seattle (+23 percent), Denver (+20 percent), and Chicago (+16 percent). The lowest-paying market is Elkhart, which sits 9 percent below the national average. Employers pay around 4 percent less in San Diego and 2 percent less in Miami, below-median salaries for those in this field.

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Experience Affects Purchasing Agent (but not Wholesale, Retail, or Farm Products) Salaries




National Average
$44,000


Skills That Affect Purchasing Agent (but not Wholesale, Retail, or Farm Products) Salaries





Data Analysis
up arrow 3%

Microsoft Office
0%

National Average
$44,000

Purchasing
up arrow 1%

Microsoft Excel
up arrow 1%

Inventory Management
up arrow 4%



Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 503 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
3%
1-4 years
32%
5-9 years
26%
10-19 years
24%
20 years or more
15%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 67%
vision benefits Vision: 50% employee benefits None: 15%
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