Procurement Manager Salary

Median pay for Procurement Managers in the United States lies in the neighborhood of $81K annually. Total cash compensation to Procurement Managers approaches anywhere from $49K on the lower end to $126K on the higher end; in exceptional cases, this can include more than $18K from bonuses and upwards of $15K from profit sharing. While geography and years of experience impact pay for this group, the particular firm is the most influential factor. Most enjoy medical while a large number get dental coverage. Vision coverage is also available to a strong majority. Male Procurement Managers are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 59 percent of the field. Most workers in this position report high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.
Read More
$50,669 - $119,604
$51K
$81K
$120K
MEDIAN: $81,427
10%
50%
90%

Add this chart to your site: 640px    300px

$15.19 - $35.94
$15
$24
$36
MEDIAN: $23.63
10%
50%
90%

Add this chart to your site: 640px    300px

$0$126K
Salary $50,669 - $119,604
Bonus $1,017 - $18,169
Profit Sharing $0.00 - $14,967
Commission $7,565
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).
)
$49,391 - $126,768
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 1,313
Hourly Data $0$40
Hourly Rate $15.19 - $35.94
Overtime $21.73 - $40.78
Annual Data $0$126K
Bonus $1,017 - $18,169
Commission $7,565
Profit Sharing $0.00 - $14,967
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).
)
$49,391 - $126,768
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 82

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Procurement Manager

A procurement manager is the primary point of contact between a business and its suppliers. Using superb analytical skills, a procurement manager identifies potential suppliers, screens them, and negotiates favorable payment terms with selected suppliers. After formalizing the supply contract with the aid of legal professionals, the procurement manager then monitors supplier performance to ensure contractual obligations are met and to help make the supply procurement process as cost-effective and efficient as possible.

Read More...

Procurement Manager Tasks

  • Negotiate contracts, policies and deadlines with suppliers and vendors.
  • Monitor prices by product and vendor to predict and account for financial fluctuations.
  • Manage flow of goods and supplies for optimum production, analyzing and adapting internal policies.
  • Prepare and process purchase orders and purchase requisitions, and maintain documentation of the acquisition of goods.
  • Manage staff and vendors for timely arrival of products and goods.

Common Career Paths for Procurement Manager


Add this chart to your site:   640px 640px    300px 300px


While Procurement Managers do not often become Directors of Supply Chain Management, the job pays $122K per year on average. Procurement Managers moving up in their careers tend to step into positions as Procurement Directors or Senior Strategic Sourcing Managers. The median paychecks in those roles are $33K higher and $22K higher, respectively.

Procurement Manager Job Listings

Popular Employer Salaries for Procurement Manager


Although salaries only range from $105K to just $130K, The Boeing Company still offers the highest pay with a median paycheck of $115K.

Popular Skills for Procurement Manager


Procurement Managers seem to wield many skills on the job. Most notably, skills in Contract Negotiation, Supplier Management, Contract Management, and Negotiation are correlated to pay that is above average, with boosts between 7 percent and 10 percent. Those listing Microsoft Excel as a skill should be prepared for drastically lower pay. Vendor Management and Purchasing also typically command lower compensation. People who know Procurement usually also know Negotiation, Contract Management, and Supply Chain. The majority of those who know Contract Negotiation also know Contract Management.

Pay by Experience Level for Procurement Manager

Pay by Experience for a Procurement Manager has a positive trend. An entry-level Procurement Manager with less than 5 years of experience can expect to earn an average total compensation of $66,000 based on 435 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Procurement Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $83,000 based on 500 salaries. An experienced Procurement Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $92,000 based on 475 salaries. A Procurement Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $97,000 based on 223 salaries.

Pay Difference by Location

National Average: $82,795

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

Procurement Managers will find that Houston offers an impressive pay rate, one which exceeds the national average by 24 percent. Procurement Managers can also look forward to large paychecks in cities like Washington (+17 percent), Chicago (+16 percent), Cincinnati (+15 percent), and New York (+10 percent). Procurement Managers in Tampa report much lower salaries than the rest of the country — 28 percent below the national average — proving that residence is a major factor in overall pay. Dallas and Seattle are a couple other places where companies are known to pay below the median — salaries are 15 percent lower and 10 percent lower, respectively.

Procurement Manager Reviews

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

Procurement Manager in Montréal:
"Stressful, challenging, large workload."
Pros: Negotiation, challenges, interaction with people.
Cons: Managing people.

Procurement Manager in Norcross:
"Great Company."
Pros: I am not micro managed. Flexibility. Meals on Mondays.
Cons: Not fairly bonused.

Related Job Salaries

Key Stats for Procurement Manager

Gender

Female
41 %
Male
59 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 245 votes.
Less than 1 year
2%
1-4 years
22%
5-9 years
26%
10-19 years
31%
20 years or more
19%
ADVERTISEMENT
Location:
Years in Fields/Career:
United States (change)

Experience Affects Procurement Manager Salaries

▲18%

▲11%

▼0%

National Average
$83,000

▼21%

Skills That Affect Procurement Manager Salaries




▲3%


National Average
$83,000

Procurement
▼1%

▼2%


Operations Management
▼8%


Logistics
▼15%

SAP Supply Chain Management (SAP SCM)
▼17%

Purchasing
▼21%

Vendor Management
▼29%

Microsoft Excel
▼35%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 245 votes.

Gender

Female
41 %
Male
59 %

Years of Experience

Less than 1 year
2%
1-4 years
22%
5-9 years
26%
10-19 years
31%
20 years or more
19%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 81%
vision benefits
Vision: 74%
no benefits
None: 9%
ADVERTISEMENT