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

Purchasing Agents in the United States can expect to earn an average of $48K per year. The bottom of the pay range sits near $31K, and the top verges on $66K per year. In the world of Purchasing Agents, overall cash allowance can occasionally include more than $5K from bonuses and, in some exceptional cases, $7K from profit sharing, causing incomes to vary widely between $31K and $66K. Geography and career length each impact pay for this group, with the former having the largest influence. Work is enjoyable for Purchasing Agents, who typically claim high levels of job satisfaction. Women make up a slight majority of Purchasing Agents (51 percent) survey respondents. A large number report receiving medical coverage from their employers and more than half collect dental insurance. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$34,492 - $69,738
(Median)
$34K
$48K
$70K
MEDIAN: $48,266
10%
50%
90%

Add this chart to your site: 640px    300px

$12.68 - $23.66
(Median)
$13
$17
$24
MEDIAN: $17.00
10%
50%
90%

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
$34,492 - $69,738  
   
Bonus
$0.00 - $5,129  
Profit Sharing
$406.95 - $6,934  
Commission
$0.00  
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).
)
$30,880 - $66,284  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,778
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
$12.68 - $23.66  
   
Overtime
$19.06 - $34.89  
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 - $5,129  
   
Commission
$0.00  
Profit Sharing
$406.95 - $6,934  
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).
)
$30,880 - $66,284  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | 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


Though it's uncommon, some Purchasing Agents move into roles as Purchasing Directors, where pay is an average $84K per year. The most common next step for a Purchasing Agent is to become a Purchasing Manager or a Purchasing Manager. The former position pays an additional $16K per year on average, and the latter position pays $4K more per year.

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 require a rather large skill set. Most notably, facility with Sourcing, Contract Negotiation, and Procurement are correlated to pay that is significantly above average, leading to increases of 23 percent, 18 percent, and 9 percent, respectively. At the other end of the pay range are skills like Order Inventory, Inventory Control, and Materials Requirement Planning. Most people familiar with Vendor Management also know Procurement. Those educated in Purchasing tend to be well versed in Inventory Management, Procurement, and Contract Negotiation.

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.


Experience does not seem to be a strong driver of pay increase in this role. Workers with less than five years' experience earn around $40K on average, and those who have five to 10 years under their belts see a higher median salary of $45K. The average pay reported by folks with 10 to 20 years of experience is around $50K. Purchasing Agents who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $53K.

Pay Difference by Location

National Average: $44,722

Larger city markers indicate a job is popular in that location.

For those looking to make money, Purchasing Agents in New York enjoy an exceptional pay rate, 30 percent above the national average. Purchasing Agents will also find cushy salaries in Los Angeles (+25 percent), Seattle (+20 percent), Denver (+19 percent), and Chicago (+18 percent). The lowest-paying market is Elkhart, which sits 10 percent below the national average.

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
$45,000


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

Sourcing
up arrow 23%






National Average
$45,000

Purchasing
up arrow 1%

Microsoft Excel
up arrow 1%

Microsoft Office
up arrow 1%

Inventory Management
up arrow 3%


Materials Requirement Planning (MRP)
up arrow 6%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 489 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
3%
1-4 years
33%
5-9 years
25%
10-19 years
24%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 68%
medical benefits
Vision: 51%
dental benefits
None: 14%
ADVERTISEMENT