Average Procurement Analyst Salary in Canada for 2024

In this article, we will look at the average Procurement Analyst salary for 2024 in Canada and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Canadian dollar. To keep things simple, we are using the CAD currency code instead of the currency symbol $.

How Much Does a Procurement Analyst Make in Canada?

A Procurement Analyst working in Canada will typically earn around 142,100 CAD per year, and this can range from the lowest average salary of about 66,200 CAD to the highest average salary of 219,500 CAD.

Average Annual Salary
142,100 CAD
Average Monthly Salary
11,841 CAD

Lowest Annual Salary
66,200 CAD
Lowest Monthly Salary
5,516 CAD

Highest Annual Salary
219,500 CAD
Highest Monthly Salary
18,291 CAD

These are average salaries for a Procurement Analyst in Canada and include benefits such as housing and transport. It's also possible for a Procurement Analyst to earn more or less than the average salaries shown above.

Procurement Analyst salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Procurement Analyst Salaries in Canada

So we've looked at the average salaries a Procurement Analyst will earn in Canada. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Procurement Analyst can earn between 66,200 CAD and 219,500 CAD on average in Canada. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Procurement Analyst in Canada is 148,300 CAD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 148,300 CAD, and 50% of the population earn more than 148,300 CAD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Procurement Analyst salary in Canada, 25% of the population are earning less than 97,600 CAD while 75% of the population earn more than 97,600 CAD.

75% of the population earn less than 190,400 CAD, and 25% of the population earn more than 190,400 CAD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Procurement Analyst Salary by Experience Level in Canada

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average procurement analyst salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Procurement Analyst in Canada that has less than two years of experience can expect to earn somewhere in the region of 78,400 CAD.
  • 2 - 5 Years Experience. With two to five years of experience the average Procurement Analyst salary would increase to 112,700 CAD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Procurement Analyst, the average salary would be 146,900 CAD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 182,400 CAD.
  • 15 - 20 Years Experience. A Procurement Analyst with 15 to 20 years of experience can earn an average of 191,100 CAD.
  • 20+ Years Experience. For a Procurement Analyst with more than 20 years, the expected average salary increases to 210,400 CAD.

Average Salary by Experience Chart

0-2 Years
78,400 CAD
2-5 Years +42%
112,700 CAD
5-10 Years +31%
146,900 CAD
10-15 Years +23%
182,400 CAD
15-20 Years +6%
191,100 CAD
20+ Years +10%
210,400 CAD

Procurement Analyst Salary by Education Level in Canada

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Procurement Analyst in Canada based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Procurement Analyst in Canada with a high school education can earn an average salary of 97,300 CAD.

  • Certificate or Diploma. A Procurement Analyst in Canada with a certificate or diploma education can earn an average salary of 114,900 CAD.

  • Bachelor's Degree. A Procurement Analyst in Canada with a bachelor's degree education can earn an average salary of 165,900 CAD.

  • Master's Degree. A Procurement Analyst in Canada with a master's degree education can earn an average salary of 205,700 CAD.

Average Salary by Education Chart

High School
97,300 CAD
Certificate or Diploma +16%
114,900 CAD
Bachelor's Degree +46%
165,900 CAD
Master's Degree +23%
205,700 CAD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Canada is around 49,800 to 149,000 CAD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Procurement Analyst Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Canada, a male procurement analyst will earn an average of 142,300 CAD, while a female procurement analyst will earn around 139,100 CAD.

This means that a male procurement analyst earns approximately 2% more than a female procurement analyst for performing the same job.

Average Salary by Gender Chart in Canada

Male
142,300 CAD
Female -2%
139,100 CAD

Procurement Analyst Average Pay Raise in Canada

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Procurement Analyst in Canada is around 11% every 17 months.

The national average pay raise across all professions and industries in Canada is around 9% every 15 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 11 ÷ 17 ) × 12  = 8%

What this means is that a Procurement Analyst in Canada can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Canada for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Canada.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Procurement Analyst Bonus and Incentive Rates in Canada

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Procurement Analyst is a moderate bonus based job, with 60% of employees reporting at least one bonus in the last 12 months.

40% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 6%.

Received Bonus
60%
No Bonus
40%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Canada earn approximately 6% more than private sector employees in the same role.

Public Sector
123,000 CAD
Private Sector -6%
115,600 CAD

Salaries for Jobs Similar to a Procurement Analyst

In the table below, we have salary information for jobs that are similar to a Procurement Analyst in Canada.

Job Title Category Salary
Asset Management Associate Purchasing and Inventory 107,300 CAD
Asset Protection Associate Purchasing and Inventory 100,700 CAD
Asset Protection Specialist Purchasing and Inventory 111,700 CAD
Assistant Buyer Purchasing and Inventory 94,400 CAD
Buyer Purchasing and Inventory 157,600 CAD
Capacity Planner Purchasing and Inventory 115,600 CAD
Category Leader Purchasing and Inventory 109,700 CAD
Category Management Specialist Purchasing and Inventory 114,300 CAD
Category Manager Purchasing and Inventory 125,400 CAD
Channel Services Representative Purchasing and Inventory 114,900 CAD
Contracts Manager Purchasing and Inventory 134,100 CAD
Contracts Specialist Purchasing and Inventory 114,600 CAD
Demand Planner Purchasing and Inventory 123,000 CAD
Demand Planning Manager Purchasing and Inventory 141,000 CAD
Distribution Assistant Purchasing and Inventory 100,400 CAD
Distribution Associate Purchasing and Inventory 95,100 CAD
Distribution Manager Purchasing and Inventory 204,900 CAD
Inventory Analyst Purchasing and Inventory 107,300 CAD
Inventory Control Clerk Purchasing and Inventory 58,700 CAD
Inventory Control Manager Purchasing and Inventory 139,100 CAD
Inventory Management Associate Purchasing and Inventory 114,300 CAD
Inventory Specialist Purchasing and Inventory 99,700 CAD
Logistics Engineer Purchasing and Inventory 100,700 CAD
Master Planner Purchasing and Inventory 98,000 CAD
Material Handler Purchasing and Inventory 62,600 CAD
Material Planning Specialist Purchasing and Inventory 92,900 CAD
Merchandise Manager Purchasing and Inventory 125,400 CAD
Procurement Administrator Purchasing and Inventory 130,500 CAD
Procurement Agent Purchasing and Inventory 84,800 CAD
Procurement Assistant Purchasing and Inventory 79,600 CAD
Procurement Associate Purchasing and Inventory 107,700 CAD
Procurement Clerk Purchasing and Inventory 51,300 CAD
Procurement Engineer Purchasing and Inventory 105,200 CAD
Procurement Manager Purchasing and Inventory 222,300 CAD
Procurement Officer Purchasing and Inventory 50,300 CAD
Procurement Process Analyst Purchasing and Inventory 128,200 CAD
Procurement Specialist Purchasing and Inventory 105,200 CAD
Production Planner Purchasing and Inventory 114,600 CAD
Project Buyer Purchasing and Inventory 130,500 CAD
Purchaser Purchasing and Inventory 165,900 CAD
Purchasing Agent Purchasing and Inventory 93,300 CAD
Purchasing Assistant Purchasing and Inventory 58,000 CAD
Purchasing Manager Purchasing and Inventory 216,300 CAD
Purchasing Officer Purchasing and Inventory 99,700 CAD
Purchasing Supervisor Purchasing and Inventory 142,300 CAD
Shipping and Receiving Clerk Purchasing and Inventory 52,300 CAD
Shipping Coordinator Purchasing and Inventory 102,700 CAD
Stock Clerk Purchasing and Inventory 56,100 CAD
Stock Regulator Purchasing and Inventory 65,800 CAD
Storage Manager Purchasing and Inventory 138,700 CAD
Store Keeper Purchasing and Inventory 53,800 CAD
Stores and Logistics Coordinator Purchasing and Inventory 109,000 CAD
Supply Chain Analyst Purchasing and Inventory 151,800 CAD
Supply Chain Coordinator Purchasing and Inventory 115,600 CAD
Supply Chain Development Manager Purchasing and Inventory 197,600 CAD
Supply Chain Director Purchasing and Inventory 233,600 CAD
Supply Chain Manager Purchasing and Inventory 225,500 CAD
Supply Planner Purchasing and Inventory 103,600 CAD
Warehouse Assistant Purchasing and Inventory 44,300 CAD
Warehouse Clerk Purchasing and Inventory 44,200 CAD
Warehouse Executive Purchasing and Inventory 183,600 CAD
Warehouse Lead Purchasing and Inventory 127,700 CAD
Warehouse Manager Purchasing and Inventory 189,800 CAD
Warehouse Supervisor Purchasing and Inventory 127,700 CAD
Wholesale Buyer Purchasing and Inventory 163,500 CAD

Salary Comparison by City

If you want to compare salaries with different cities in Canada, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Brampton 130,500 CAD
Calgary 140,700 CAD
Edmonton 148,300 CAD
Gatineau 130,400 CAD
Halifax 128,200 CAD
Hamilton 134,700 CAD
Kitchener 127,600 CAD
Markham 130,500 CAD
Mississauga 146,700 CAD
Montreal 142,100 CAD
Ottawa 138,700 CAD
Quebec 142,100 CAD
Regina 115,600 CAD
Richmond 118,900 CAD
Saskatoon 124,500 CAD
Surrey 127,600 CAD
Toronto 150,100 CAD
Vancouver 146,700 CAD
Vaughan 134,100 CAD
Windsor 127,600 CAD
Winnipeg 134,700 CAD

Salary Comparison by State

The table below includes links to the average salary for each state in Canada.

City Average Salary
Alberta 146,700 CAD
British Columbia 152,900 CAD
Manitoba 137,100 CAD
New Brunswick 123,800 CAD
Newfoundland-Labrador 128,400 CAD
Northwest Territories 140,700 CAD
Nova Scotia 127,700 CAD
Nunavut 146,900 CAD
Ontario 152,700 CAD
Prince Edward Island 114,900 CAD
Quebec 153,700 CAD
Saskatchewan 130,500 CAD
Yukon 114,300 CAD

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