The average salary for a Procurement Analyst is $60,398.
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What Do Procurement Analysts Do?
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.
Job Satisfaction for Procurement Analyst
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 Amazon.com Inc where the average pay is $69,145. Other companies that offer high salaries for this role include The Boeing Company and Newport News Shipbuilding, earning around $68,984 and $62,250, respectively. Lockheed Martin Corp pays the lowest at around $51,451. Northrop Grumman Corporation and BAE Systems Inc. also pay on the lower end of the scale, paying $55,224 and $55,747, respectively.
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Somewhat common (8 - 20%)
Procurement Analyst Job Listings
What Are Popular Skills for Procurement Analysts?
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.
What is the Pay by Experience Level for Procurement Analysts?
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 $54,003 based on 123 salaries. An early career Procurement Analyst with 1-4 years of experience earns an average total compensation of $58,747 based on 642 salaries. A mid-career Procurement Analyst with 5-9 years of experience earns an average total compensation of $66,325 based on 257 salaries. An experienced Procurement Analyst with 10-19 years of experience earns an average total compensation of $67,109 based on 183 salaries. In their late career (20 years and higher), employees earn an average total compensation of $79,214.
Pay Difference by Location
Employees with Procurement Analyst in their job title in Washington, District of Columbia earn an average of 37.6% more than the national average. These job titles also find higher than average salaries in Dallas, Texas (6.0% more) and New York, New York (3.6% more). The lowest salaries can be found in Houston, Texas (1.8% less), Atlanta, Georgia (0.4% less) and Chicago, Illinois (0.4% less).
Years of Experience
This data is based on 1,294 survey responses.