The Chartered Institute of Procurement & Supply (CIPS) has released a salary guide and procurement report based on research that was carried out in October 2014.
The survey's respondents were procurement professionals from across the country, 61% of whom said they had been awarded a pay rise in the last year. This has brought the average salary for procurement workers up to £41,000.
The average procurement sector salary increase last year was 2.5%. The average across the whole of the UK economy was 1.7%, which indicates that procurement professionals are thriving financially.
Average salaries according to position
After revealing the £41,000 industry average, the study went on to detail the average salaries for different procurement positions:
- Buyer: £27,000
- Senior buyer: £35,000
- Category manager: £42,000
- Head of procurement: £64,000
- Procurement director: £89,000
The study commented: "Unsurprisingly, salary and bonuses increase with seniority and are higher in the private sector, and in London and the South East. Average salaries and bonuses are lowest in the public sector, but here we also see more employees offered flexible working conditions."
Over 3,000 professionals took part in the survey, almost half of whom were fully qualified CIPS members – and thereby MCIPS-accredited. CIPS members who wish to become MCIPS-accredited must formally apply to have their membership upgraded. The data shows that, on average, professionals with full MCIPS accreditation currently earn 23% more than those without.
Looking for a well-paid job in procurement?
We can help you find your perfect role if you are a skilled and ambitious procurement professional. Portfolio Procurement recruits for leading organisations across the country, helping both individuals and businesses.
Our aim is to place professionals in jobs that align with their qualifications and levels of experience.
Take a look at our latest procurement opportunities, or call us on 020 7650 3191 to speak to a recruitment specialist.
View Our Resources
Procurement Category Lead Vacancies
If you're a skilled procurement professional looking for a role in a category lead capacity, we ca...read more
Contract Procurement Vacancies
Are you a talented procurement professional seeking contract work? We can help you find the role to ...read more
Study reveals procurement ROI
A study has revealed that top procurement teams are delivering over seven times return on inves...read more
The differences between public sector and private sector procurement
Public sector and private sector companies are very different in their nature and each have con...read more