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

Median pay for Purchasing Agents in the United States lies in the neighborhood of $48K per year. Pay generally varies between $31K and $66K per year. In the world of Purchasing Agents, total cash compensation can vary between $31K and $66K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $5K and $7K, respectively. Residence and career duration each impact pay for this group, with the former having the largest influence. 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 greater part earn dental coverage. Job satisfaction for Purchasing Agents is high. The data for this synopsis comes from respondents who took the PayScale salary survey.

$34,110 - $70,094

Add this chart to your site: 640px    300px

$12.38 - $23.36

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$24K$48K$72K
Salary
$34,110 - $70,094  
   
Bonus
$0.00 - $5,090  
Profit Sharing
$408.51 - $7,450  
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).
)
$30,634 - $66,398  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 1,761
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$12$24$36
Hourly Rate
$12.38 - $23.36  
   
Overtime
$18.38 - $34.56  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$24K$48K$72K
Bonus
$0.00 - $5,090  
   
Commission
$0.00 - $983  
Profit Sharing
$408.51 - $7,450  
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).
)
$30,634 - $66,398  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 855
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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 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)


Add this chart to your site:   640px 640px    300px 300px


While Purchasing Agents do not often become Purchasing Directors, the job pays $84K per year on average. Career advancement for the typical Purchasing Agent often leads to becoming a Purchasing Manager or a Purchasing Manager; median salaries in these positions are $16K higher and $4K higher, respectively.

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

Search for more jobs:

Popular Skills for Purchasing Agent (but not Wholesale, Retail, or Farm Products)


Purchasing Agents seem to wield many skills on the job. 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 are correlated to lower pay, on the other hand, include Order Inventory, Inventory Control, and Inventory Management. Most people skilled in Purchasing are similarly competent in Inventory Management, Procurement, and Contract Negotiation. A tool kit that includes Vendor Management also typically contains 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. Respondents with less than five years' experience take home $40K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $45K. Purchasing Agents with one to two decades of relevant experience report an average salary of approximately $50K. 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


Surpassing the national average by 28 percent, Purchasing Agents in New York receive some of the highest pay in the country. Purchasing Agents will also find cushy salaries in Los Angeles (+25 percent), Seattle (+23 percent), Denver (+22 percent), and Chicago (+16 percent). Elkhart is home to the smallest salaries in the field, lagging the national average by 9 percent.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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%

National Average
$44,000

Purchasing
up arrow 1%

Microsoft Excel
up arrow 1%

Microsoft Office
up arrow 1%

Inventory Management
up arrow 4%



Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 496 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%
ADVERTISEMENT