How Much Do Procurement Managers 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 managers 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 managers 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 managers are offering as compensation.

Keep reading to learn more about how much procurement managers can expect to make in the United States.

At a Glance: Salary & Jobs for Procurement Managers

According to data from 2022, there were about 78,301 positions for procurement managers in the United States. In terms of salary, the national median salary for procurement managers was reported to be $131,352. Additionally, when examining job demand, employers across the country posted 33,468 job postings related to positions for procurement managers.

How Much Money Do Procurement Managers Make?

Median salary is just one data point. To build a better understanding of how much money procurement managers 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 managers.

Annual Salary for Procurement Managers

According to the BLS, the lowest earners for procurement managers 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 procurement managers in the United States in 2022 was $131,352.

Hourly Salary for Procurement Managers

The BLS also breaks down compensation for procurement managers by hourly salary, and the median average hourly pay for procurement managers in 2022 was $63. Lowest hourly earners took home $38 while the highest reported hourly salaries for procurement managers was $101.

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Degree Options for Procurement Managers

Advertised Compensation for Procurement Managers

Data from the BLS is one way to dig into compensation for procurement managers, 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 managers.

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 Managers

During a review of 72,945 job postings related to procurement managers, advertised salary was included in 10,466 of them, which was 14%. Based on those postings, the median advertised salary for procurement managers was $100,224 per year.

Hourly Salary from Job Postings for Procurement Managers

A similar analysis of job postings provides insight into advertised hourly salary for procurement managers. Based on 31% of postings with advertised compensation, the median hourly salary for open positions for procurement managers in the United States is about $48.

Salary Trend for Procurement Managers

If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for procurement managers. 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 managers dating back to September 2019, advertised salaries for procurement managers have increased 13%.

What's the Job Growth for Procurement Managers?

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 managers over the next 10 years.

According to the data obtained through Lightcast,™ there were 78,022 jobs for procurement managers 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.

Additional Links

Ready to dig deeper into career information about procurement managers? Visit our other pages focused on salary and education for procurement managers.

What do procurement managers do?
Procurement Managers: How do you become one?

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