How Much Do Procurement Analysts Make?
Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary procurement analysts make, you've come to the right place.
Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for procurement analysts and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of procurement analysts are offering as compensation.
Keep reading to learn more about how much procurement analysts can expect to make in the United States.
At a Glance: Salary & Jobs for Procurement Analysts
According to data from 2022, there were about 473,804 positions for procurement analysts in the United States. In terms of salary, the national median salary for procurement analysts was reported to be $67,621. Additionally, when examining job demand, employers across the country posted 163,700 job postings related to positions for procurement analysts.
How Much Money Do Procurement Analysts Make?
Median salary is just one data point. To build a better understanding of how much money procurement analysts and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.
Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for procurement analysts.
Annual Salary for Procurement Analysts
According to the BLS, the lowest earners for procurement analysts and related professions earned about $41,059 per year in 2022. Meanwhile, at the other end of the spectrum, the highest earners made about $116,376 annually.
As mentioned previously, the median salary for procurement analysts in the United States in 2022 was $67,621.
Annual Salary Range For Procurement Analysts In 2022
Hourly Salary for Procurement Analysts
The BLS also breaks down compensation for procurement analysts by hourly salary, and the median average hourly pay for procurement analysts in 2022 was $33. Lowest hourly earners took home $20 while the highest reported hourly salaries for procurement analysts was $56.
Hourly Salary Range For Procurement Analysts In 2022
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Advertised Compensation for Procurement Analysts
Data from the BLS is one way to dig into compensation for procurement analysts, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for procurement analysts.
Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™
Annual Salary from Job Postings for Procurement Analysts
Advertised Annual Salary
During a review of 176,416 job postings related to procurement analysts, advertised salary was included in 52,527 of them, which was 30%. Based on those postings, the median advertised salary for procurement analysts was $64,384 per year.
Hourly Salary from Job Postings for Procurement Analysts
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for procurement analysts. Based on 32% of postings with advertised compensation, the median hourly salary for open positions for procurement analysts in the United States is about $31.
Salary Trend for Procurement Analysts
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for procurement analysts. The chart below provides a snapshot of advertised salaries over the past three years.
Based on compensation data that was included in job postings for procurement analysts dating back to September 2019, advertised salaries for procurement analysts have increased 7%.
Advertised Wage Trend For Procurement Analysts
What's the Job Growth for Procurement Analysts?
Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for procurement analysts over the next 10 years.
According to the data obtained through Lightcast,™ there were 475,881 jobs for procurement analysts in the United States in 2022. By 2032, it is expected that about 1,793 jobs will be removed. That's a 0.4% decrease over the next 10-year period.
Employment Projections For Procurement Analysts
Additional Links
Ready to dig deeper into career information about procurement analysts? Visit our other pages focused on salary and education for procurement analysts.
What do procurement analysts do?
Procurement Analysts: How do you become one?
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