Overview of results from 2015 Salary Survey –
Who is the typical electronic components buyer?
More than 700 purchasing professionals responded to Global Purchasing’s 2015 Profile and Salary Survey. This year, most purchasing professionals report earning average total compensation of $79,000, which includes a typical bonus of around $4,000, and stock or stock options totaling roughly $2,400. Our survey also reveals a maturing industry: 61% of respondents are 50 or older, 24% are between 40 and 49, and just 15% said they are between the ages of 25 and 40. The majority of respondents were men; the gender breakdown this year is 66% male to 34% female—a change from last year’s survey, when men represented
72% of respondents and women were 28%. See download version for percentage breakdown.
Higher Education = Higher Pay
As in past surveys, purchasing pay levels are influenced by education and experience. The higher your degree, the more earning power you have. Purchasing professionals with a bachelor’s degree or higher earn between $75,000 and $111,000 per year, while those with no higher education degree earn approximately $66,000. The same goes for experience: Respondents with more than 15 years’ experience on the job said they earn an average $88,000, while those with less than 15 years’ experience earn an average $70,000. Gender factors in as well. Though men still dominate the electronics purchasing profession, the pay disparity between men and women is large: an average $89,000 per year for men and $62,000 per year for women.
The survey goes into satisfaction, health benefits, workforce trends: outsourcing, industry trends: IoT, and more.
Click here to download the full report