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

Purchasing Agents in the United States take home approximately $48K per year on average. The income range spans the entire spectrum 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. Geographic location and experience level 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. Medical benefits are awarded to a large number, and more than half earn dental coverage. Women make up a slight majority of Purchasing Agents (53 percent) survey respondents. This overview is based on answers to PayScale's salary questionnaire.

$34,046 - $70,021
(Median)
$34K
$48K
$70K
MEDIAN: $47,891
10%
50%
90%

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$12.36 - $23.32
(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
$34,046 - $70,021  
   
Bonus
$0.00 - $5,088  
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).
)
$30,562 - $66,320  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 1,749
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 - $23.32  
   
Overtime
$18.29 - $34.41  
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 - $5,088  
   
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).
)
$30,562 - $66,320  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 850
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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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Purchasing Agents who advance into the role of a Purchasing Director are fairly uncommon. Purchasing Directors on average earn $84K per year. Purchasing Managers or Purchasing Managers are common next-step roles for Purchasing Agents moving up in their careers; annual pay for Purchasing Managers is $16K higher on average, and it's $4K higher for Purchasing Managers.

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)


Survey results imply that Purchasing Agents deploy a deep pool of 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 seem to negatively impact pay include Order Inventory, Inventory Control, and Inventory Management. A tool kit that includes Vendor Management also typically contains Procurement. Those familiar with Purchasing also tend to know 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.


Purchasing Agents with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. The average worker who claims fewer than five years of experience earns around $40K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $45K. Purchasing Agents who work for 10 to 20 years in their occupation tend to earn about $50K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $53K.

Pay Difference by Location


With a pay rate for Purchasing Agents that is 28 percent greater than the national average, New York offers a comfortable salary for those in this profession. Purchasing Agents will also find cushy salaries in Los Angeles (+26 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.

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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%

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 500 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
23%
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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