How Much Do Supply Chain 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 supply chain 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 supply chain 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 supply chain procurement managers are offering as compensation.
Keep reading to learn more about how much supply chain procurement managers can expect to make in the United States.
At a Glance: Salary & Jobs for Supply Chain Procurement Managers
According to data from 2023, there were about 79,761 positions for supply chain procurement managers in the United States. In terms of salary, the national median salary for supply chain procurement managers was reported to be $136,386. Additionally, when examining job demand, employers across the country posted 44,813 job postings related to positions for supply chain procurement managers.
How Much Money Do Supply Chain Procurement Managers Make?
Median salary is just one data point. To build a better understanding of how much money supply chain 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 supply chain procurement managers.
Annual Salary for Supply Chain Procurement Managers
According to the BLS, the lowest earners for supply chain procurement managers and related professions earned about $83,512 per year in 2023. Meanwhile, at the other end of the spectrum, the highest earners made about $215,176 annually.
As mentioned previously, the median salary for supply chain procurement managers in the United States in 2023 was $136,386.
Annual Salary Range For Supply Chain Procurement Managers In 2023
Hourly Salary for Supply Chain Procurement Managers
The BLS also breaks down compensation for supply chain procurement managers by hourly salary, and the median average hourly pay for supply chain procurement managers in 2023 was $66. Lowest hourly earners took home $40 while the highest reported hourly salaries for supply chain procurement managers was $103.
Hourly Salary Range For Supply Chain Procurement Managers In 2023
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Advertised Compensation for Supply Chain Procurement Managers
Data from the BLS is one way to dig into compensation for supply chain 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 supply chain 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 Supply Chain Procurement Managers
Advertised Annual Salary
During a review of 55,219 job postings related to supply chain procurement managers, advertised salary was included in 18,014 of them, which was 33%. Based on those postings, the median advertised salary for supply chain procurement managers was $115,072 per year.
Hourly Salary from Job Postings for Supply Chain Procurement Managers
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for supply chain procurement managers. Based on 40% of postings with advertised compensation, the median hourly salary for open positions for supply chain procurement managers in the United States is about $55.
Salary Trend for Supply Chain 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 supply chain 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 supply chain procurement managers dating back to September 2020, advertised salaries for supply chain procurement managers have increased 43%.
Advertised Wage Trend For Supply Chain Procurement Managers
What's the Job Growth for Supply Chain 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 supply chain procurement managers over the next 10 years.
According to the data obtained through Lightcast,™ there were 79,859 jobs for supply chain procurement managers in the United States in 2023. By 2033, it is expected that about 7,045 jobs will be added. That's a 8.8% increase over the next 10-year period.
Employment Projections For Supply Chain Procurement Managers
Additional Links
Ready to dig deeper into career information about supply chain procurement managers? Visit our other pages focused on salary and education for supply chain procurement managers.
What do supply chain procurement managers do?
Supply Chain Procurement Managers: How do you become one?
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