How Much Do Directors of Procurement 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 directors of procurement 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 directors of procurement 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 directors of procurement are offering as compensation.
Keep reading to learn more about how much directors of procurement can expect to make in the United States.
At a Glance: Salary & Jobs for Directors of Procurement
According to data from 2022, there were about 78,301 positions for directors of procurement in the United States. In terms of salary, the national median salary for directors of procurement was reported to be $131,352. Additionally, when examining job demand, employers across the country posted 33,468 job postings related to positions for directors of procurement.
How Much Money Do Directors of Procurement Make?
Median salary is just one data point. To build a better understanding of how much money directors of procurement 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 directors of procurement.
Annual Salary for Directors of Procurement
According to the BLS, the lowest earners for directors of procurement and related professions earned about $79,997 per year in 2022. Meanwhile, at the other end of the spectrum, the highest earners made about $209,997 annually.
As mentioned previously, the median salary for directors of procurement in the United States in 2022 was $131,352.
Annual Salary Range For Directors of Procurement In 2022
Hourly Salary for Directors of Procurement
The BLS also breaks down compensation for directors of procurement by hourly salary, and the median average hourly pay for directors of procurement in 2022 was $63. Lowest hourly earners took home $38 while the highest reported hourly salaries for directors of procurement was $101.
Hourly Salary Range For Directors of Procurement In 2022
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Advertised Compensation for Directors of Procurement
Data from the BLS is one way to dig into compensation for directors of procurement, 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 directors of procurement.
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 Directors of Procurement
Advertised Annual Salary
During a review of 72,945 job postings related to directors of procurement, advertised salary was included in 10,466 of them, which was 14%. Based on those postings, the median advertised salary for directors of procurement was $100,224 per year.
Hourly Salary from Job Postings for Directors of Procurement
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for directors of procurement. Based on 31% of postings with advertised compensation, the median hourly salary for open positions for directors of procurement in the United States is about $48.
Salary Trend for Directors of Procurement
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for directors of procurement. 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 directors of procurement dating back to September 2019, advertised salaries for directors of procurement have increased 13%.
Advertised Wage Trend For Directors of Procurement
What's the Job Growth for Directors of Procurement?
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 directors of procurement over the next 10 years.
According to the data obtained through Lightcast,™ there were 78,022 jobs for directors of procurement in the United States in 2022. By 2032, it is expected that about 7,658 jobs will be added. That's a 9.8% increase over the next 10-year period.
Employment Projections For Directors of Procurement
Additional Links
Ready to dig deeper into career information about directors of procurement? Visit our other pages focused on salary and education for directors of procurement.
What do directors of procurement do?
Directors of Procurement: How do you become one?
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