16 January 2008
The best-paid buyer in the US earns $850,000 (ú430,000), according to a survey.
The salary, which belongs to a purchasing director who specialises in buying maintenance, repair and operations (MRO) services, highlights the continuing rise of salaries in the profession in the US.
The annual Purchasing magazine salary survey, which interviewed 1,909 buyers across the US, revealed the average salary for buyers rose to $84,611 (ú42,813) in 2007, compared with $83,205 (ú42,102) in 2006.
However, top procurement professionals saw average pay fall from $178,500 (ú90,333) in 2006 to $170,795 (ú86,420) last year. Junior buyers also saw starting pay packets decrease from $49,897 (ú25,247) to $47,956 (ú24,265) over the same period.
But there was some good news for female buyers. Their pay continues to grow at a quicker rate than that of their male colleagues (International news, 4 January 2007), although remuneration is still far from equal.
The average salary for a woman in 2007 was $68,280 (ú34,814), an increase of 2.3 per cent compared with 2006. The average male salary was $90,917 (ú46,357) last year, an increase of just over 1 per cent, but still more than $20,000 higher than the average pay for women.
Specialist buyers were again in demand, with those experienced in purchasing services earning almost $20,000 higher than average, at $104,110 (ú52,583). IT buyers also earn more than $100,000. However, those buying electronics, packaging and components earn less than the national average.