What does a Purchasing Manager earn?
Purchasing Managers typically earn around $146,710 annually in the U.S. As a Purchasing Manager, daily duties include overseeing the procurement of goods and services, negotiating contracts, and conducting price comparisons. In addition, many Purchasing Managers also specialise in particular fields, such as materials and supplies, strategic sourcing, or negotiating complex contracts.
How to earn more as a Purchasing Manager
To become a Purchasing Manager, a suitable qualification is required, such as business management or supply chain management. Alternatively, a degree apprenticeship could be completed. For those wishing to earn more, progressing into a specialism such as organisational procurement, or becoming a manager within a company which operates in the purchasing field, could prove beneficial. There is also the option to become self-employed or set up an agency specialising in purchasing and procurement.
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