The Institute of Supply Management is out with its twelth annual salary survey for procurement professionals for 2017 (based on 2016 data), and with a decent if not great economy and a reasonably tight job market in the supply management field, the numbers once again look pretty good.
The graphic below from ISM's Inside Supply Management magazine, summarizes average salaries by level in the organization, from CPOs and equivalent positions down to supply management newbies. (Note: in all the charts, the red bars are for men, the dark blue for women, and the light blue for all respondents combined.)
As can be seen, CPOs averaged about $259,000 in salary compensation (bonuses are beyond that base salary). Interestingly, in a continuing trend over the several years, women CPOs earn much more than men, although that only holds true at this most senior level. At all other levels, women earn a bit less than men.
Source: ISM
At the director level, the average salary was about $153,000, and at the manager level, about $109,000 - interestingly both numbers about flat with last year's report. For new ("emerging") procurement professionals, the average was a still fairly healthy $83,000.
66% of respondents received a bonus for 2016 (up from 64% in 2015). The average bonus was $22,900, or 19.8% of average base salary (basically flat with the previous year). So, if the 20% or so average bonus holds true at the CPO level, that would add another $52,000 to total compensation at that level, or a total of $311,000 between salary and bonus.
So how do you stack up?
You can find our full summary of the ISM research here: Purchasing and Procurement Professionals - How Does Your Salary Measure Up in 2017?
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