How much does a Procurement Manager make?
A Procurement Manager plays a key role in a company's supply chain. They work to find and buy the goods and services the company needs. This job can be very rewarding, both in terms of job satisfaction and salary. The average yearly salary for a Procurement Manager is around $112,714. This means that many people in this role earn a good living.
The salary for a Procurement Manager can vary based on experience, location, and the size of the company. Those with more experience often earn more. For example, the top 10% of earners make over $181,000 a year. This shows that there is good potential for growth in this career. Companies in larger cities or those with bigger budgets may offer higher salaries. This is because they have more resources to invest in their procurement teams.
What are the highest paying cities for a Procurement Manager?
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San Jose, CA
Average Salary: $147,633
In San Jose, procurement professionals thrive in a tech-driven environment. Companies like Apple and Cisco offer exciting opportunities. The city's vibrant economy makes it a great place to advance your career.
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Hartford, CT
Average Salary: $134,358
Hartford provides a stable setting for procurement roles. Major firms like Aetna and Travelers bring diverse opportunities. The city's rich history and strong community make it a rewarding place to work.
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Detroit, MI
Average Salary: $130,325
Detroit is a hub for automotive procurement. Working with giants like Ford and General Motors offers unique challenges. The city's resurgence provides a dynamic backdrop for career growth.
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San Francisco, CA
Average Salary: $130,252
San Francisco's procurement scene is vibrant and competitive. Tech companies like Google and Salesforce dominate the landscape. The city's innovative spirit makes it an exciting place to work.
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Philadelphia, PA
Average Salary: $128,876
Philadelphia offers a mix of traditional and modern procurement roles. Companies like Comcast and PECO Energy provide diverse opportunities. The city's rich history and culture add to the work experience.
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Pittsburgh, PA
Average Salary: $127,783
In Pittsburgh, procurement professionals work in a city known for its steel industry. Companies like U.S. Steel and PPG Industries offer solid career paths. The city's friendly atmosphere makes it a great place to live and work.
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Seattle, WA
Average Salary: $126,913
Seattle's procurement roles benefit from the tech boom. Companies like Amazon and Microsoft offer exciting opportunities. The city's natural beauty and vibrant culture enhance the work experience.
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Sacramento, CA
Average Salary: $126,634
Sacramento provides a balanced procurement environment. State government and companies like Blue Shield of California offer diverse roles. The city's growing economy makes it a promising place for career growth.
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San Diego, CA
Average Salary: $126,333
San Diego offers a mix of defense and tech procurement roles. Companies like Qualcomm and General Dynamics bring unique opportunities. The city's beautiful beaches and mild climate make it an attractive place to work.
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Fargo, ND
Average Salary: $125,522
Fargo provides a stable procurement environment with companies like Wells Fargo and North Dakota State University. The city's strong community and lower cost of living make it an appealing place to work.
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What are the best companies a Procurement Manager can work for?
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EY
Average Salary: $233,659
EY offers exciting opportunities for Procurement Managers. They work in many locations, including New York, London, and Sydney. EY focuses on providing top-notch services in assurance, tax, and consulting.
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Accenture
Average Salary: $194,100
Accenture provides a dynamic environment for Procurement Managers. They operate in cities like San Francisco, Mumbai, and Dublin. Accenture specializes in strategy, consulting, and technology services.
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Caterpillar
Average Salary: $165,627
Caterpillar offers rewarding roles for Procurement Managers. They work in locations such as Peoria, Shanghai, and Bangalore. Caterpillar is a leader in manufacturing construction and mining equipment.
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Pacific Gas and Electric
Average Salary: $155,938
Pacific Gas and Electric provides stable opportunities for Procurement Managers. They operate in cities like San Francisco and Sacramento. They focus on delivering energy services to millions of customers.
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PwC
Average Salary: $155,157
PwC offers diverse roles for Procurement Managers. They work in locations such as New York, London, and Hong Kong. PwC provides assurance, tax, and consulting services to businesses worldwide.
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Raytheon
Average Salary: $152,452
Raytheon offers exciting opportunities for Procurement Managers. They work in cities like Tucson, Orlando, and Singapore. Raytheon specializes in defense, security, and civil government services.
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Regeneron
Average Salary: $146,823
Regeneron provides rewarding roles for Procurement Managers. They operate in Tarrytown and other locations. Regeneron focuses on biotechnology and drug development.
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ByteDance
Average Salary: $141,617
ByteDance offers dynamic opportunities for Procurement Managers. They work in Beijing and other locations. ByteDance is known for its innovative technology and social media platforms.
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KPMG
Average Salary: $138,219
KPMG provides diverse roles for Procurement Managers. They operate in cities like New York, London, and Sydney. KPMG offers audit, tax, and advisory services to businesses.
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Motorola Solutions
Average Salary: $137,930
Motorola Solutions offers stable opportunities for Procurement Managers. They work in Chicago, Phoenix, and other locations. They focus on providing communication and technology solutions.
How to earn more as a Procurement Manager?
A Procurement Manager plays a key role in ensuring that a company gets the best deals on goods and services. This role can lead to higher earnings with the right strategies. Focus on these areas to boost your salary and career prospects.
First, gaining specialized certifications can make a significant difference. Certifications like Certified Purchasing Manager (CPM) or Certified Professional in Supply Management (CPSM) can enhance your skills and marketability. These credentials show employers that you have the knowledge and dedication to excel in procurement.
- Certifications: Obtain recognized certifications like CPM or CPSM.
- Experience: Gain experience in various industries to broaden your skill set.
- Networking: Build a strong network within the procurement community.
- Negotiation Skills: Develop strong negotiation skills to secure better deals.
- Technology Proficiency: Stay updated with procurement software and tools.
Second, gaining experience in different industries can open up more opportunities. Each industry has unique challenges and requirements. Working in multiple sectors can make you a versatile and valuable asset to any company. This experience can lead to higher-paying positions and more responsibilities.
