The average salary for a Procurement Analyst is $59,684.
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$44k - $81k
$1k - $9k
$755 - $15k
$41k - $83k
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Job Description for Procurement Analyst
A procurement analyst builds new relationships between the company and vendors, and ensures that these relationships are maintained to the satisfaction of all parties. The analyst also negotiates arrangements for the purchase of the goods, materials, and services the company requires within its budget limitations. In meetings with vendors, the procurement analyst must determine prices and set up a system of delivery, as well as research the market appropriately to ensure that the company is gett…Read more
Procurement Analyst Tasks
- Collect and analyze organization-wide data to support decision-making groups.
- Update system and inventory data, leading data quality and assurance.
- Define, measure, and track categories for spending to provide targeted analyses of budget.
- Negotiate costs, specifications, and timelines with vendors and suppliers, ensuring beneficial contracts.
- Coordinate payment, delivery, scheduling, and organization of purchases, and place orders to ensure ongoing supply.
Popular Employer Salaries for Procurement Analyst
The top respondents for the job title Procurement Analyst are from the companies The Boeing Company, Northrop Grumman Corporation and Amazon.com Inc. Reported salaries are highest at The Boeing Company where the average pay is $66,848. Other companies that offer high salaries for this role include Amazon.com Inc and Unilever, earning around $65,637 and $65,500, respectively. Lockheed Martin Corp pays the lowest at around $48,317. Northrop Grumman Corporation and BAE Systems Inc. also pay on the lower end of the scale, paying $54,288 and $56,515, respectively.
Explore the most common career paths for Procurement Analyst. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)
Procurement Analyst Job Listings
Popular Skills for Procurement Analyst
Skills in Procurement and Contract Negotiation are correlated to pay that is above average. Skills that pay less than market rate include Purchasing, Microsoft Excel and Data Analysis.
Pay by Experience Level for Procurement Analyst
An entry-level Procurement Analyst with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $52,749 based on 148 salaries. An early career Procurement Analyst with 1-4 years of experience earns an average total compensation of $57,643 based on 727 salaries. A mid-career Procurement Analyst with 5-9 years of experience earns an average total compensation of $65,860 based on 308 salaries. An experienced Procurement Analyst with 10-19 years of experience earns an average total compensation of $68,846 based on 206 salaries. In their late career (20 years and higher), employees earn an average total compensation of $77,220.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Procurement Analyst in their job title in Washington, District of Columbia earn an average of 40.3% more than the national average. These job titles also find higher than average salaries in Seattle, Washington (19.7% more) and San Diego, California (5.4% more). The lowest salaries can be found in Chicago, Illinois (1.1% less), Houston, Texas (0.7% less) and Atlanta, Georgia (0.1% less).
Years of Experience
This data is based on 1,475 survey responses.
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