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Purchasing Analyst Salary

For Purchasing Analysts, yearly average wages total $50K annually. Experience level is the biggest factor affecting pay for this group, followed by geography. Male Purchasing Analysts are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 50 percent of the field. Women Purchasing Analysts who took the survey just slightly outnumber men. Job satisfaction is considered about average by most people in this profession. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Participants in PayScale's salary questionnaire provided the particulars of this report.
$36,334 - $65,430
(Median)
$36K
$50K
$65K
MEDIAN: $49,805
10%
50%
90%

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$13.57 - $24.73
(Median)
$14
$18
$25
MEDIAN: $18.00
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$23K$46K$69K
Salary
$36,334 - $65,430  
   
Bonus
$0.00 - $5,145  
Profit Sharing
$989 - $3,540  
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).
)
$34,365 - $66,746  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 201
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$13$26$39
Hourly Rate
$13.57 - $24.73  
   
Overtime
$18.12 - $38.74  
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$26K$52K$78K
Bonus
$0.00 - $5,145  
   
Profit Sharing
$989 - $3,540  
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).
)
$34,365 - $66,746  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 51
United States (change)

Job Description for Purchasing Analyst

Purchasing analysts are responsible for analyzing their organization's purchasing decisions to evaluate their effectiveness. They are in charge of interpreting financial information for company purchasing endeavors, and they need to possess strong interpersonal skills to relay purchasing information to upper management. They evaluate suppliers proposals, costs, and quality, as well as oversee purchasing performance based on service and availability. Purchasing analysts strive to minimize expenses and increase company profitability, develop detailed purchasing reports, and recommend changes to the acquisitions processes as needed. Purchasing analysts also write orders and review bid proposals based on project requirements.

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Purchasing Analyst Tasks

  • Analyze and report on purchasing metrics, creating standard and ad hoc reports.
  • Compare and evaluate goods and contracts to recommend strategies.
  • Analyze and document options for procurement of materials, goods, and services.
  • Maintain and update vendor database and contact information.

Purchasing Analyst Job Listings

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Popular Skills for Purchasing Analyst


Survey results suggest that Purchasing Analysts use a fairly large toolkit of professional skills. Most notably, skills in Negotiation, Microsoft Excel, Data Analysis, and Contract Negotiation are correlated to pay that is above average. Those educated in Data Analysis tend to be well versed in Inventory Management.

Pay by Experience Level for Purchasing Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.


The average beginner in this position makes around $46K, but folks who have been around for five to 10 years see a markedly higher median salary of $52K. The average pay reported by folks with 10 to 20 years of experience is around $52K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $55K on average.

Related Job Salaries

Experience Affects Purchasing Analyst Salaries

Late-Career
up arrow 14%



National Average
$48,000


Skills That Affect Purchasing Analyst Salaries

Negotiation
up arrow 7%

National Average
$48,000

Data Analysis
up arrow 1%

Microsoft Excel
up arrow 1%

Contract Negotiation
up arrow 1%

Inventory Management
up arrow 2%

Purchasing
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 60 votes.

Gender

Female
50 %
Male
50 %

Years of Experience

Less than 1 year
5%
1-4 years
53%
5-9 years
19%
10-19 years
18%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 79%
vision benefits Vision: 61% employee benefits None: 10%