Salary for Purchasing Managers
Also known as: Contract Administrator, Contracting Manager, Director of Strategic Sourcing, Procurement Manager, Purchasing Director, Purchasing Manager, Sourcing Manager
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Purchasing managers are responsible for directing, coordinating, planning and overseeing the activities and tasks completed by purchasing officers, buyers and other related workers. These activities include purchasing materials, products, services and other similar work. This job normally requires a bachelor's degree and several years of related experience, but not always. Some employers require more than one of these or all three. Employers also require one to two years of on-the-job training after being hired.A Purchasing Manager will normally receive a wage of between 80000 to 120000 based on level of experience. Purchasing Managers usually receive a pay level of One Hundred Thousand Six Hundred dollars per annum.
Purchasing Managers have the best average compensation in the District of Columbia, where they can earn an average pay rate of close to $120660. This group of people have the highest pay levels in Management of Companies and Enterprises, where they can get pay levels, on average, of $120250.
The annual compensation for this career has gone up since 2004. Salaries have increased by an average of 28.88 percent nationwide in that time.
Purchasing Managers tend to make the most in the following industries:
In general, they earn less within the industries below: