If you are interested in a career in procurement, a Sourcing Agent job might be for you. In addition to sourcing and negotiating with suppliers, Purchasing Agents are also responsible for purchasing materials and services for a company.
The average Purchasing Agent salary is $62,120, and it can be higher or lower depending on your location and skills. Although you can increase your pay with experience and advanced degrees, there are other ways to increase your salary as well.
You can also boost your pay by switching industries. For example, if you are currently working in the hospitality industry, you can switch to the food services industry to increase your salary.
Another way to increase your sourcing agent salary is to get a graduate degree in supply chain management. While a master’s degree is not mandatory, it can help you obtain more advanced positions and lead to more lucrative supply chain logistics roles.
There are several different certification programs that purchasing professionals can take advantage of. These include the Next Level Purchasing Association’s Senior Professional in Supply Management (SPSM) certification, which includes four levels of certification.
Among the top earning Purchasing Agents are those who hold chief procurement officer positions. These people are able to earn a very high salary. Those who hold mid-level positions such as director of procurement can also achieve this title. However, those who hold a VP of Procurement position have a much better shot at achieving this role.