Average Procurement Manager Salary in India for 2024

In this article, we will look at the average Procurement Manager salary for 2024 in India 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 Indian rupee. To keep things simple, we are using the INR currency code instead of the currency symbol ₹.

How Much Does a Procurement Manager Make in India?

A Procurement Manager working in India will typically earn around 684,900 INR per year, and this can range from the lowest average salary of about 335,100 INR to the highest average salary of 1,065,800 INR.

Average Annual Salary

684,900 INR

Average Monthly Salary

57,075 INR

Lowest Annual Salary

335,100 INR

Lowest Monthly Salary

27,925 INR

Highest Annual Salary

1,065,800 INR

Highest Monthly Salary

88,816 INR

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

Procurement Manager 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 Manager Salaries in India

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

Salary ranges

We already know that a Procurement Manager can earn between 335,100 INR and 1,065,800 INR on average in India. 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 Manager in India is 696,700 INR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 696,700 INR, and 50% of the population earn more than 696,700 INR.

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 Manager salary in India, 25% of the population are earning less than 466,300 INR while 75% of the population earn more than 466,300 INR.

75% of the population earn less than 899,900 INR, and 25% of the population earn more than 899,900 INR.

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 Manager Salary by Experience Level in India

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 manager 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 Manager in India that has less than two years of experience can expect to earn somewhere in the region of 396,300 INR.
2 - 5 Years Experience. With two to five years of experience the average Procurement Manager salary would increase to 510,200 INR.
5 - 10 Years Experience. From five to ten years of experience as a Procurement Manager, the average salary would be 705,500 INR.
10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 875,000 INR.
15 - 20 Years Experience. A Procurement Manager with 15 to 20 years of experience can earn an average of 934,900 INR.
20+ Years Experience. For a Procurement Manager with more than 20 years, the expected average salary increases to 996,600 INR.

Average Salary by Experience Chart

0-2 Years		396,300 INR
2-5 Years	+29%	510,200 INR
5-10 Years	+38%	705,500 INR
10-15 Years	+24%	875,000 INR
15-20 Years	+7%	934,900 INR
20+ Years	+7%	996,600 INR

Procurement Manager Salary by Education Level in India

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 Manager in India 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 Manager in India with a high school education can earn an average salary of 496,100 INR.
Certificate or Diploma. A Procurement Manager in India with a certificate or diploma education can earn an average salary of 566,900 INR.
Bachelor's Degree. A Procurement Manager in India with a bachelor's degree education can earn an average salary of 767,400 INR.
Master's Degree. A Procurement Manager in India with a master's degree education can earn an average salary of 964,000 INR.

Average Salary by Education Chart

High School		496,100 INR
Certificate or Diploma	+15%	566,900 INR
Bachelor's Degree	+35%	767,400 INR
Master's Degree	+26%	964,000 INR

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 India is around 160,000 to 479,000 INR 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 Manager 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 India, a male procurement manager will earn an average of 714,300 INR, while a female procurement manager will earn around 638,700 INR.

This means that a male procurement manager earns approximately 12% more than a female procurement manager for performing the same job.

Average Salary by Gender Chart in India

Male		714,300 INR
Female	-12%	638,700 INR

Procurement Manager Average Pay Raise in India

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 Manager in India is around 12% every 19 months.

The national average pay raise across all professions and industries in India is around 9% every 16 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 = ( 12 ÷ 19 ) × 12  = 8%

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

Annual Pay Raise by Industry in India for 2024

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

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

Banking		1%
Energy		2%
Information Technology		3%
Healthcare		4%
Travel		5%
Construction		6%
Education		7%

Procurement Manager Bonus and Incentive Rates in India

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 Manager is a high bonus based job, with 83% of employees reporting at least one bonus in the last 12 months.

17% 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 5% to 9%.

Received Bonus		83%
No Bonus		17%

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

Public Sector		392,300 INR
Private Sector	-6%	371,100 INR

Salaries for Jobs Similar to a Procurement Manager

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

Job Title	Category	Salary
Asset Management Associate	Purchasing and Inventory	332,500 INR
Asset Protection Associate	Purchasing and Inventory	339,100 INR
Asset Protection Specialist	Purchasing and Inventory	357,300 INR
Assistant Buyer	Purchasing and Inventory	301,700 INR
Buyer	Purchasing and Inventory	514,300 INR
Capacity Planner	Purchasing and Inventory	369,300 INR
Category Leader	Purchasing and Inventory	345,700 INR
Category Management Specialist	Purchasing and Inventory	357,300 INR
Category Manager	Purchasing and Inventory	394,300 INR
Channel Services Representative	Purchasing and Inventory	357,300 INR
Contracts Manager	Purchasing and Inventory	419,400 INR
Contracts Specialist	Purchasing and Inventory	341,400 INR
Demand Planner	Purchasing and Inventory	369,300 INR
Demand Planning Manager	Purchasing and Inventory	444,300 INR
Distribution Assistant	Purchasing and Inventory	297,000 INR
Distribution Associate	Purchasing and Inventory	301,700 INR
Distribution Manager	Purchasing and Inventory	656,800 INR
Inventory Analyst	Purchasing and Inventory	332,100 INR
Inventory Control Clerk	Purchasing and Inventory	180,500 INR
Inventory Control Manager	Purchasing and Inventory	454,900 INR
Inventory Management Associate	Purchasing and Inventory	351,900 INR
Inventory Specialist	Purchasing and Inventory	332,100 INR
Logistics Engineer	Purchasing and Inventory	309,800 INR
Master Planner	Purchasing and Inventory	322,600 INR
Material Handler	Purchasing and Inventory	204,000 INR
Material Planning Specialist	Purchasing and Inventory	290,800 INR
Merchandise Manager	Purchasing and Inventory	394,300 INR
Procurement Administrator	Purchasing and Inventory	403,100 INR
Procurement Agent	Purchasing and Inventory	263,100 INR
Procurement Analyst	Purchasing and Inventory	428,400 INR
Procurement Assistant	Purchasing and Inventory	263,100 INR
Procurement Associate	Purchasing and Inventory	357,300 INR
Procurement Clerk	Purchasing and Inventory	161,300 INR
Procurement Engineer	Purchasing and Inventory	332,500 INR
Procurement Officer	Purchasing and Inventory	161,300 INR
Procurement Process Analyst	Purchasing and Inventory	397,900 INR
Procurement Specialist	Purchasing and Inventory	314,500 INR
Production Planner	Purchasing and Inventory	369,300 INR
Project Buyer	Purchasing and Inventory	428,400 INR
Purchaser	Purchasing and Inventory	514,300 INR
Purchasing Agent	Purchasing and Inventory	283,700 INR
Purchasing Assistant	Purchasing and Inventory	183,600 INR
Purchasing Manager	Purchasing and Inventory	684,900 INR
Purchasing Officer	Purchasing and Inventory	309,800 INR
Purchasing Supervisor	Purchasing and Inventory	454,900 INR
Shipping and Receiving Clerk	Purchasing and Inventory	164,200 INR
Shipping Coordinator	Purchasing and Inventory	322,600 INR
Stock Clerk	Purchasing and Inventory	180,500 INR
Stock Regulator	Purchasing and Inventory	197,600 INR
Storage Manager	Purchasing and Inventory	428,400 INR
Store Keeper	Purchasing and Inventory	172,200 INR
Stores and Logistics Coordinator	Purchasing and Inventory	351,900 INR
Supply Chain Analyst	Purchasing and Inventory	485,300 INR
Supply Chain Coordinator	Purchasing and Inventory	362,200 INR
Supply Chain Development Manager	Purchasing and Inventory	628,000 INR
Supply Chain Director	Purchasing and Inventory	714,600 INR
Supply Chain Manager	Purchasing and Inventory	684,900 INR
Supply Planner	Purchasing and Inventory	332,500 INR
Warehouse Assistant	Purchasing and Inventory	137,400 INR
Warehouse Clerk	Purchasing and Inventory	143,200 INR
Warehouse Executive	Purchasing and Inventory	568,500 INR
Warehouse Lead	Purchasing and Inventory	386,400 INR
Warehouse Manager	Purchasing and Inventory	597,800 INR
Warehouse Supervisor	Purchasing and Inventory	419,400 INR
Wholesale Buyer	Purchasing and Inventory	514,300 INR

Salary Comparison by City

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

City	Average Salary
agra	628,000 INR
Ahmadabad	724,000 INR
Bangalore	754,900 INR
Bhopal	684,900 INR
Chennai	733,300 INR
Coimbatore	691,200 INR
Delhi	744,600 INR
Ghaziabad	683,400 INR
Hyderabad	762,400 INR
Indore	719,100 INR
Jaipur	721,600 INR
Kanpur	692,500 INR
Kolkata	757,300 INR
Lucknow	743,300 INR
Ludhiana	675,100 INR
Madurai	620,300 INR
Mumbai	751,700 INR
Nagpur	684,900 INR
Patna	653,200 INR
Pimpri-Chinchwad	692,500 INR
Pune	743,300 INR
Surat	747,400 INR
Vadodara	619,800 INR
Visakhapatnam	696,700 INR

Salary Comparison by State

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

City	Average Salary
Andaman & Nicobar Islands	581,300 INR
Andhra Pradesh	791,600 INR
Arunachal Pradesh	643,400 INR
Assam	705,500 INR
Bihar	836,500 INR
Chandigarh	600,000 INR
Chhatisgarh	747,400 INR
Dadra & Nagar Haveli	597,800 INR
Daman & Diu	559,000 INR
Delhi	714,600 INR
Goa	619,800 INR
Gujarat	799,300 INR
Haryana	706,200 INR
Himachal Pradesh	649,700 INR
Jammu & Kashmir	706,200 INR
Jharkhand	733,300 INR
Karnataka	810,400 INR
Kerala	743,300 INR
Lakshadweep	553,400 INR
Madhya Pradesh	814,500 INR
Maharashtra	794,900 INR
Manipur	691,200 INR
Meghalaya	656,800 INR
Mizoram	596,100 INR
Nagaland	660,500 INR
Orissa	741,500 INR
Pondicherry	652,200 INR
Punjab	725,700 INR
Rajasthan	758,700 INR
Sikkim	618,800 INR
Tamil Nadu	767,500 INR
Tripura	696,700 INR
Uttar Pradesh	791,600 INR
Uttaranchal	684,900 INR
West Bengal	823,900 INR

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