$56,172
Avg. Salary
$19.93
Avg. Hourly Rate

Average additional compensation:

$3,008

Bonus

$2,507

Profit Sharing

$2,035

Commission

What am I worth?
How should I pay?

The average pay for a Procurement Specialist is $19.93 per hour.

The average pay for a Procurement Specialist is $56,172 per year.

10%
$14.64
10%
$19.93
50%
$29.59
90%
90%
MEDIAN $19.93
10%
$39k
10%
$56k
50%
$82k
90%
90%
MEDIAN $56,172
$39,498 - $81,720
$39K
$56K
$82K
MEDIAN: $56,172
10%
50%
90%

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$14.64 - $29.59
$15
$20
$30
MEDIAN: $19.93
10%
50%
90%

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$0$81K
Salary $39,498 - $81,720
Bonus $407 - $9,908
Profit Sharing $242 - $10,101
Commission $0.00 - $10,101
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).
)
$36,022 - $81,688
  • Country: United States
  • Currency: USD
  • Updated: 15 May 2019
  • Individuals Reporting: 2,335
Hourly Data $0$39
Hourly Rate $14.64 - $29.59
Overtime $20.13 - $39.95
Annual Data $0$81K
Bonus $407 - $9,908
Commission $0.00 - $10,101
Profit Sharing $242 - $10,101
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).
)
$36,022 - $81,688
  • Country: United States
  • Currency: USD
  • Updated: 15 May 2019
  • Individuals Reporting: 748

Job Description for Procurement Specialist

Procurement specialists specialize in finding goods and services for businesses at the best price to ensure the businesses' continued functionality. This can include office supplies, inventory, and large scale purchases like real estate. These specialists are counted on to meet budgetary constraints and increase profitability.

Read More...
Procurement Specialist 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.

Popular Employer Salaries for Procurement Specialist


Schlumberger, ConAgra Foods Inc., Bechtel Corporation, Bell Helicopter Textron Inc., and Raytheon Co. are leaders in the field that employ a large number of Procurement Specialists. Although Bechtel Corporation boasts the highest average salary in town at $61K, employee compensation still varies greatly — workers can make as little as $49K or as much as $105K. Soaring salaries can also be found at Raytheon Co., Siemens, and Schlumberger, where earnings of $60K, $60K, or $55K are standard for Procurement Specialists.

Others at the bottom of the scale for this job include Viasat, Inc. at $50K, and Bell Helicopter Textron Inc. where $50K is the norm, but it is worth noting that some Procurement Specialists there earn up to $75K.

Common Career Paths for Procurement Specialist


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Procurement Specialists do not often transition into Strategic Sourcing Manager roles. The role averages $91K per year. Procurement Specialists typically move into roles as Procurement Managers or Purchasing Managers, and those positions pay $25K more and $9K more, respectively.

Procurement Specialist Job Listings

Popular Skills for Procurement Specialist


Procurement Specialists seem to require a rather large skill set. Most notably, skills in Contract Negotiation, Contract Management, People Management, and Project Management are correlated to pay that is above average, with boosts between 10 percent and 17 percent. Skills that seem to negatively impact pay include Accounts Payable, Microsoft Office, and Inventory Management. Most people experienced in Procurement also know Negotiation and Contract Management.

Pay by Experience Level for Procurement Specialist

Pay by Experience for a Procurement Specialist has a positive trend. An entry-level Procurement Specialist with less than 5 years of experience can expect to earn an average total compensation of $49,000 based on 816 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Procurement Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $56,000 based on 467 salaries. An experienced Procurement Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $57,000 based on 315 salaries. A Procurement Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $58,000 based on 138 salaries.

Pay Difference by Location

21%

20%

17%

13%

5%

-2%

-7%

-29%

National Average: $53,516

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

Procurement Specialist Reviews

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

Procurement Specialist in Irvine:
"Exciting."
Pros: Data analysis, creating reports.
Cons: Downtime, lack of growth.

Procurement Specialist in Newberg:
"Newberg workforce review."
Pros: Close commute, good company.
Cons: Organization & communications.

Procurement Specialist in Detroit:
"Can be frustrating."
Pros: Negotiating and talking with nice people.
Cons: Being ignored by someone who claims to be interested in what you initially offered.

Procurement Specialist in Broussard:
"Convenient."
Pros: Broussard is surrounded with many companies which makes things easier for my line of work.
Cons: Traffic can be horrible going to and from work.

Procurement Specialist in Houma:
"Job Pay."
Never take a job with empty promises.

Procurement Specialist in Anchorage:
"Training and learning experience. Opportunity to move up."
Pros: Learning Experience. Having the opportunity to move up and encouragement to do so.
Cons: Sometimes there is not enough work.

Procurement Specialist in Santa Clara:
"Most Manufacturing Would Be Outsourced."
Low cost does not necessarily mean lowest cost. Audit your prospective vendors and strategic ones.

Related Job Salaries

Key Stats for Procurement Specialist

Gender

Female
57 %
Male
42 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 620 votes.
Less than 1 year
5%
1-4 years
41%
5-9 years
25%
10-19 years
19%
20 years or more
9%

Experience Affects Procurement Specialist Salaries

▲8%

▲6%

▲4%

National Average
$54,000

▼9%

Skills That Affect Procurement Specialist Salaries



People Management
▲7%


Microsoft Excel
▲4%

SAP Enterprise Resource Planning (ERP)
▲4%

▼0%

▼0%

National Average
$54,000


▼5%

▼6%



Microsoft Office
▼12%

Accounts Payable
▼22%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 620 votes.

Gender

Female
57 %
Male
42 %

Years of Experience

Less than 1 year
5%
1-4 years
41%
5-9 years
25%
10-19 years
19%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 79%
vision benefits
Vision: 70%
no benefits
None: 12%