Purchasing Analyst Salary

The average Purchasing Analyst in the United States can expect to rake in roughly $52K annually. Cash earnings for Purchasing Analysts — which occasionally include more than $8K from bonuses and more than $6K from profit sharing — stretch from around $35K to approximately $71K. Geography is the biggest factor affecting pay for this group, followed by career duration. Women are just slightly outnumbered, with male Purchasing Analysts making up 51 percent of survey respondents. Most Purchasing Analysts report high levels of job satisfaction. Most enjoy medical while a large number get dental coverage. Vision coverage is also available to a strong majority. Participants in PayScale's salary questionnaire provided the particulars of this report.

$39,567 - $71,282
$40K
$52K
$71K
MEDIAN: $52,411
10%
50%
90%

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$14.68 - $28.07
$15
$19
$28
MEDIAN: $19.30
10%
50%
90%

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$0$71K
Salary $39,567 - $71,282
Bonus $0.00 - $8,648
Profit Sharing $-0.50 - $6,020
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).
)
$36,505 - $71,171
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2017
  • Individuals Reporting: 221
Hourly Data $0$53
Hourly Rate $14.68 - $28.07
Overtime $11.63 - $53.16
Annual Data $0$71K
Bonus $0.00 - $8,648
Profit Sharing $-0.50 - $6,020
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).
)
$36,505 - $71,171
  • Country: United States
  • Currency: USD
  • Updated: 15 Oct 2017
  • Individuals Reporting: 46

Job Description for Purchasing Analyst

Purchasing analysts are responsible for analyzing their organization's purchasing decisions to evaluate their effectiveness. They are in charge of interpreting financial information for company purchasing endeavors, and they need to possess strong interpersonal skills to relay purchasing information to upper management. They evaluate suppliers proposals, costs, and quality, as well as oversee purchasing performance based on service and availability. Purchasing analysts strive to minimize expenses and increase company profitability, develop detailed purchasing reports, and recommend changes to the acquisitions processes as needed. Purchasing analysts also write orders and review bid proposals based on project requirements.

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Purchasing Analyst Tasks

  • Analyze and document options for procurement of materials, goods, and services.
  • Maintain and update vendor database and contact information.
  • Analyze and report on purchasing metrics, creating standard and ad hoc reports.
  • Compare and evaluate goods and contracts to recommend strategies.

Common Career Paths for Purchasing Analyst


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Purchasing Analyst Job Listings

Popular Skills for Purchasing Analyst


Purchasing Analysts report using a pretty varied skill set on the job. Most notably, skills in Contract Negotiation, Purchasing, Data Analysis, and Microsoft Excel are correlated to pay that is above average. Skills that pay less than market rate include Negotiation. Those familiar with Data Analysis also tend to know Inventory Management.

Pay by Experience Level for Purchasing Analyst

Pay by Experience for a Purchasing Analyst has a positive trend. An entry-level Purchasing Analyst with less than 5 years of experience can expect to earn an average total compensation of $48,000 based on 177 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Purchasing Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $58,000 based on 72 salaries. An experienced Purchasing Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $59,000 based on 46 salaries. A Purchasing Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $59,000 based on 15 salaries.

Purchasing Analyst Reviews

Q: What is it like working as a Purchasing Analyst?

Purchasing Analyst in Seville:
"Corporate Structure."
Pros: Great work atmosphere, work flexibility.
Cons: Stress of calculating incorrect purchase quantities.

Related Job Salaries

Key Stats for Purchasing Analyst

Gender

Female
51 %
Male
49 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 35 votes.
Less than 1 year
6%
1-4 years
55%
5-9 years
19%
10-19 years
15%
20 years or more
6%

Experience Affects Purchasing Analyst Salaries

▲14%

▲14%

▲13%

National Average
$51,000

▼6%

Skills That Affect Purchasing Analyst Salaries


▲3%


National Average
$51,000



Negotiation
▼9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 35 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
6%
1-4 years
55%
5-9 years
19%
10-19 years
15%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 83%
vision benefits
Vision: 73%
no benefits
None: 8%