Avg. Base Salary (USD)
The average salary for a Procurement Manager is $87,255 in 2023
What is the Pay by Experience Level for Procurement Managers?
An entry-level Procurement Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $64,748 based on 31 salaries. An early career Procurement Manager with 1-4 years of experience earns an average total compensation of $75,083 based on 486 salaries. A …Read more
What Do Procurement Managers Do?
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 …Read more
How do Procurement Managers Rate Their Jobs?
FAQs About Procurement Managers
What is the highest pay for Procurement Managers?
Our data indicates that the highest pay for a Procurement Manager is $125k / year
What is the lowest pay for Procurement Managers?
Our data indicates that the lowest pay for a Procurement Manager is $56k / year
How can Procurement Managers increase their salary?
Increasing your pay as a Procurement Manager is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Procurement Manager that oversees more junior Procurement Managers, this experience can increase the likelihood to earn more.