Procurement Agent Salary

Procurement Agents in the United States take home approximately $58K per year on average. Total cash compensation to Procurement Agents bottoms out near $35K and approaches $90K on the high end; the biggest paychecks include approximately $5K from bonuses and almost $4K from profit sharing. Geography and experience level each impact pay for this group, with the former having the largest influence. Medical and dental coverage is claimed by a large number, and a fair number earn vision coverage. Job satisfaction is high and work is enjoyable for most Procurement Agents. Men working as Procurement Agents who took the survey just slightly outnumber women at 51 percent. This report is based on answers to PayScale's salary questionnaire.

$39,179 - $91,979
$39K
$60K
$92K
MEDIAN: $60,047
10%
50%
90%

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$13.01 - $29.90
$13
$19
$30
MEDIAN: $19.46
10%
50%
90%

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$0$92K
Salary $39,179 - $91,979
Bonus $507 - $5,110
Profit Sharing $0.00 - $11,836
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).
)
$35,828 - $92,478
  • Country: United States
  • Currency: USD
  • Updated: 19 Nov 2017
  • Individuals Reporting: 257
Hourly Data $0$49
Hourly Rate $13.01 - $29.90
Overtime $21.97 - $49.49
Annual Data $0$92K
Bonus $507 - $5,110
Profit Sharing $0.00 - $11,836
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).
)
$35,828 - $92,478
  • Country: United States
  • Currency: USD
  • Updated: 19 Nov 2017
  • Individuals Reporting: 67

Job Description for Procurement Agent

A procurement agent is responsible for buying high-quality items for clients at the lowest possible prices and in the correct amount. They also prepare purchase orders and solicit bid proposals, as well as review requests for goods while making sure items' suppliers offer appropriate pricing, selection, support, and reliability. The procurement agent must also follow all local laws and regulations related to purchasing and selling items, as well as negotiate and renegotiate contracts with vendors or suppliers as necessary. They must also keep their supervisors informed of their progress and provide business transaction logs, information on contract changes, and updates on item shipments.

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Procurement Agent Tasks

  • Negotiate with different suppliers for price, quality, timeliness and other factors.
  • Expedite and liaise with suppliers to ensure timely delivery of goods.
  • Write and analyze requisitions, invoices, supply requests and supply orders.
  • Track and monitor inventory and needs to determine when to order or purchase new items.

Common Career Paths for Procurement Agent


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Procurement Agents often transition into Procurement Manager positions, for which compensation tends to be much higher. On average, Procurement Managers earn $78K per year.

Procurement Agent Job Listings

Popular Skills for Procurement Agent


Survey results imply that Procurement Agents deploy a substantial tool kit of skills at work. Most notably, facility with Procurement, Contract Management, and Supplier Management are correlated to pay that is significantly above average, leading to increases of 35 percent, 31 percent, and 22 percent, respectively. Skills that pay less than market rate include Materials Requirement Planning, Data Analysis, and Inventory Management. Most people who know Contract Negotiation also know Negotiation.

Pay by Experience Level for Procurement Agent

Pay by Experience for a Procurement Agent has a positive trend. An entry-level Procurement Agent with less than 5 years of experience can expect to earn an average total compensation of $51,000 based on 213 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Procurement Agent with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $61,000 based on 131 salaries. An experienced Procurement Agent which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $70,000 based on 102 salaries. A Procurement Agent with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $70,000 based on 46 salaries.

Pay Difference by Location

National Average: $59,174

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

With a pay rate for Procurement Agents that is 51 percent greater than the national average, Houston offers a comfortable salary for those in this profession. Procurement Agents will also find cushy salaries in Mesa (+34 percent), Everett (+21 percent), Seattle (+14 percent), and Los Angeles (+13 percent). Procurement Agents in Orlando earn salaries far below the national average by 30 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Employers in Miami and Dallas also lean toward paying below-median salaries (16 percent lower and 14 percent lower, respectively).

Procurement Agent Reviews

Q: What is it like working as a Procurement Agent?

Procurement Agent in Aurora:
"Responsibility,"
Pros: Responsibility, amount of work keeps me interested and day goes by.
Cons: The lack of help since no body else knows how to do what I do.

Related Job Salaries

Key Stats for Procurement Agent

Gender

Female
44 %
Male
56 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 75 votes.
Less than 1 year
3%
1-4 years
40%
5-9 years
23%
10-19 years
23%
20 years or more
12%

Experience Affects Procurement Agent Salaries

▲18%

▲18%

▲3%

National Average
$59,000

▼14%

Skills That Affect Procurement Agent Salaries

Procurement
▲30%

Contract Management
▲26%


Program Management
▲17%

Project Management
▲17%


Operations Management
▲5%

▲2%

National Average
$59,000

Sourcing
▼1%

▼4%

Vendor Management
▼5%


Data Analysis
▼15%

Materials Requirement Planning (MRP)
▼16%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 75 votes.

Gender

Female
44 %
Male
56 %

Years of Experience

Less than 1 year
3%
1-4 years
40%
5-9 years
23%
10-19 years
23%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 85%
vision benefits
Vision: 80%
no benefits
None: 8%