Entry-level supply management professionals start out at about $50,000 a year, but chiefs of supply/procurement/sourcing departments can top $240,000, according to the 2010 Institute for Supply Management's salary survey.
A brief summary of the results is available to the general public, while a detailed report is available at no charge to ISM members. Nonmembers may purchase the detailed report for $199. The reports can be accessed in the ISM Career Center.
ISM surveyed supply management professionals in the United States during January and February 2010. Random samples of customers were pulled from an ISM database that included both members and nonmembers. An e-mail message requesting participation was then sent to these customers. In all, a total of 973 responses were received, representing a response rate of 7.3 percent.
ISM's salary survey established average salaries (for the 2009 calendar year, all in U.S. dollars) for the following job titles:
• Chief Purchasing/Supply Management/Sourcing: $240,408
• Vice President, Purchasing/Supply Management/Sourcing: $226,562
• Director, Purchasing/Supply Management/Sourcing: $132,398
• Manager, Purchasing/Supply Management/Sourcing: $94,384
• Experienced Supply Management Professional: $71,348
• Entry-Level Supply Management Professional: $50,506
Additional summary report details include:
• ISM's new Certified Professional in Supply Management designation is making a positive impact on the profession. Respondents who earned this designation reported an average salary that was 9.8 percent higher than those without any certifications, and 8.9 percent more than those who have not earned their CPSM.
• Gender still appears to affect the salary supply management professionals can expect to receive. The average salary among male respondents to this survey was $104,443, while the average salary among female respondents was $88,078.
Source: Institute for Supply Management
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