Purchasing Manager Salary

Purchasing Managers who are practiced in their profession and carry more than 10 years of experience make up slightly less than three-fifths of Purchasing Managers. Pay fluctuates from $40K to $99K per year, but expected earnings average $63K annually. Total incomes of Purchasing Managers incorporate potential for, in a few cases, more than $12K from bonuses and close to $10K from profit sharing; these performance components cause packages to range between $40K and $99K. Residence is the biggest factor affecting pay for this group, followed by years of experience. Medical benefits are awarded to most, and more than half earn dental coverage. Purchasing Managers who participated in the survey are largely men, dominating at 62 percent. The majority of Purchasing Managers claim high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.

$41,656 - $94,744

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$13.45 - $26.86

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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$33K$66K$99K
Salary
$41,656 - $94,744  
   
Bonus
$0.00 - $12,422  
Profit Sharing
$102.71 - $9,819  
Commission
$290.87 - $22,669  
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).
)
$39,740 - $98,711  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 4,433
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$17$34$51
Hourly Rate
$13.45 - $26.86  
   
Overtime
$16.82 - $39.72  
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$50K$100K$150K
Bonus
$0.00 - $12,422  
   
Commission
$290.87 - $22,669  
Profit Sharing
$102.71 - $9,819  
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).
)
$39,740 - $98,711  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 533
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Job Description for Purchasing Manager

Purchasing managers are involved in all aspects of the company’s business, from development to finding costs savings to corporate strategy to production. A successful purchasing manager must be able to review proposals for new projects in a timely manner, and they must maintain frequent interaction with marketing teams to discuss sales proposals and marketing strategies. They also must be skilled at finding cost savings.

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Purchasing Manager Tasks

  • Negotiate purchasing contracts and policies with respective suppliers.
  • Analyze and implement purchasing processes and delivery systems.
  • Manage and direct employees involved in the buying, selling or distributions aspects of a company.

Common Career Paths for Purchasing Manager


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Purchasing Managers' salaries may rise greatly for those who assume a higher-end position such as a Director of Supply Chain Management. The average Director of Supply Chain Management brings home $120K per year. The most common next step for a Purchasing Manager is to become a Purchasing Director or a Supply Chain Manager. The former position pays an additional $21K per year on average, and the latter position pays $20K more per year.

Purchasing Manager Job Listings

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Popular Skills for Purchasing Manager


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Contract Negotiation, Strategic Planning, Supply Chain, and Leadership are correlated to pay that is above average, with boosts in pay of 14 percent. At the other end of the pay range are skills like Inventory Control, Inventory Management, and Microsoft Excel. The majority of those who know Procurement also know Inventory Management, Contract Negotiation, and Negotiation.

Pay by Experience Level for Purchasing Manager

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


More years of relevant experience do not necessarily translate to higher paychecks. Workers in their first five years can expect to earn $51K, but people who have been around for five to 10 years earn a noticeably bigger sum of $60K. The average pay reported by folks with 10 to 20 years of experience is around $69K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $74K.

Pay Difference by Location


With a pay rate for Purchasing Managers that is 23 percent greater than the national average, Charlotte offers a comfortable salary for those in this profession. Purchasing Managers can also look forward to large paychecks in cities like Los Angeles (+17 percent), Chicago (+16 percent), Houston (+14 percent), and San Diego (+13 percent). The lowest-paying market is Miami, which sits 17 percent below the national average. Workers in Cleveland and Portland earn salaries that trail the national average for those in this profession (4 percent less and 3 percent less, respectively).

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Experience Affects Purchasing Manager Salaries



National Average
$63,000



Skills That Affect Purchasing Manager Salaries







Negotiation
up arrow 2%

National Average
$63,000

Materials Requirement Planning (MRP)
up arrow 1%

Budget Management
up arrow 3%







Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 929 votes.

Gender

Female
38 %
Male
62 %

Years of Experience

Less than 1 year
1%
1-4 years
18%
5-9 years
25%
10-19 years
33%
20 years or more
23%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 69%
vision benefits Vision: 52% employee benefits None: 14%
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