Purchasing Manager Salary

With just under three-fifths of Purchasing Managers in the United States reporting more than 10 years of experience in the field, this area is heavily weighted toward experienced professionals. Pay ranges from $40K to $99K per year and averages out to $63K annually. Bonuses, profit sharing, and commission all factor into final incomes for Purchasing Managers. Ranging between $40K near the bottom and $99K near the top, total earnings can include up to $12K from bonuses and up to $10K from profit sharing, with a high-performing minority reaping commissions of $23K. Residence is the biggest factor affecting pay for this group, followed by career duration. The majority of Purchasing Managers claim high levels of job satisfaction. The majority of Purchasing Managers (62 percent) survey respondents are male. Most report receiving medical coverage from their employers and the greater part collect dental insurance.

$41,563 - $94,785
(Median)
$42K
$63K
$95K
MEDIAN: $63,175
10%
50%
90%

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$13.38 - $26.90
(Median)
$13
$19
$27
MEDIAN: $19.00
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$33K$66K$99K
Salary
$41,563 - $94,785  
   
Bonus
$0.00 - $12,471  
Profit Sharing
$102.41 - $9,826  
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).
)
$39,674 - $98,840  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 4,412
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$17$34$51
Hourly Rate
$13.38 - $26.90  
   
Overtime
$16.82 - $39.72  
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$50K$100K$150K
Bonus
$0.00 - $12,471  
   
Commission
$290.87 - $22,669  
Profit Sharing
$102.41 - $9,826  
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).
)
$39,674 - $98,840  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 529
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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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Though some Purchasing Managers move into positions like Director of Supply Chain Management (where the average salary is $120K), this progression is not the norm. It is quite typical for Purchasing Managers to transition into roles as Purchasing Directors or Supply Chain Managers, where reported median earnings are $22K and $20K higher 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. Skills that pay less than market rate include Inventory Control, Inventory Management, and Microsoft Excel. Most people skilled in Procurement are similarly competent in 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.


Purchasing Managers with a lot of experience do not necessarily enjoy more money. Salaries of relatively inexperienced workers fall in the neighborhood of $51K, but folks who have racked up five to 10 years see a notably higher median of $60K. Purchasing Managers bring in $69K after working for 10 to 20 years. Purchasing Managers with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $74K.

Pay Difference by Location


With a pay rate for Purchasing Managers that is 22 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 Chicago (+16 percent), Seattle (+16 percent), Los Angeles (+15 percent), and Houston (+13 percent). With compensation 17 percent below the national average, Miami is not known for hefty paychecks and actually represents the lowest-paying market.

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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 931 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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