Average Procurement Specialist Salary in Chile for 2024

In this article, we will look at the average Procurement Specialist salary for 2024 in Chile 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 Chilean peso. To keep things simple, we are using the CLP currency code instead of the currency symbol $.

How Much Does a Procurement Specialist Make in Chile?

A Procurement Specialist working in Chile will typically earn around 18,479,600 CLP per year, and this can range from the lowest average salary of about 8,533,800 CLP to the highest average salary of 29,519,900 CLP.

Average Annual Salary
18,479,600 CLP
Average Monthly Salary
1,539,966 CLP

Lowest Annual Salary
8,533,800 CLP
Lowest Monthly Salary
711,150 CLP

Highest Annual Salary
29,519,900 CLP
Highest Monthly Salary
2,459,991 CLP

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

Procurement Specialist 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 Specialist Salaries in Chile

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

Salary ranges

We already know that a Procurement Specialist can earn between 8,533,800 CLP and 29,519,900 CLP on average in Chile. 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 Specialist in Chile is 20,038,100 CLP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 20,038,100 CLP, and 50% of the population earn more than 20,038,100 CLP.

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 Specialist salary in Chile, 25% of the population are earning less than 12,841,200 CLP while 75% of the population earn more than 12,841,200 CLP.

75% of the population earn less than 26,759,500 CLP, and 25% of the population earn more than 26,759,500 CLP.

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 Specialist Salary by Experience Level in Chile

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 specialist 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 Specialist in Chile that has less than two years of experience can expect to earn somewhere in the region of 9,684,600 CLP.
  • 2 - 5 Years Experience. With two to five years of experience the average Procurement Specialist salary would increase to 12,958,200 CLP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Procurement Specialist, the average salary would be 19,078,500 CLP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 23,280,700 CLP.
  • 15 - 20 Years Experience. A Procurement Specialist with 15 to 20 years of experience can earn an average of 25,440,400 CLP.
  • 20+ Years Experience. For a Procurement Specialist with more than 20 years, the expected average salary increases to 27,479,000 CLP.

Average Salary by Experience Chart

0-2 Years
9,684,600 CLP
2-5 Years +34%
12,958,200 CLP
5-10 Years +48%
19,078,500 CLP
10-15 Years +22%
23,280,700 CLP
15-20 Years +9%
25,440,400 CLP
20+ Years +8%
27,479,000 CLP

Procurement Specialist Salary by Education Level in Chile

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 Specialist in Chile 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 Specialist in Chile with a high school education can earn an average salary of 11,878,500 CLP.

  • Certificate or Diploma. A Procurement Specialist in Chile with a certificate or diploma education can earn an average salary of 13,919,600 CLP.

  • Bachelor's Degree. A Procurement Specialist in Chile with a bachelor's degree education can earn an average salary of 20,281,100 CLP.

  • Master's Degree. A Procurement Specialist in Chile with a master's degree education can earn an average salary of 26,520,600 CLP.

Average Salary by Education Chart

High School
11,878,500 CLP
Certificate or Diploma +18%
13,919,600 CLP
Bachelor's Degree +45%
20,281,100 CLP
Master's Degree +31%
26,520,600 CLP

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 Chile is around 9,340,000 to 28,000,000 CLP 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 Specialist 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 Chile, a male procurement specialist will earn an average of 19,439,300 CLP, while a female procurement specialist will earn around 17,640,500 CLP.

This means that a male procurement specialist earns approximately 10% more than a female procurement specialist for performing the same job.

Average Salary by Gender Chart in Chile

Male
19,439,300 CLP
Female -10%
17,640,500 CLP

Procurement Specialist Average Pay Raise in Chile

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 Specialist in Chile is around 8% every 20 months.

The national average pay raise across all professions and industries in Chile is around 7% every 19 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 = ( 8 ÷ 20 ) × 12  = 5%

What this means is that a Procurement Specialist in Chile can expect to receive an average pay raise of around 5% every 12 months.

Annual Pay Raise by Industry in Chile for 2024

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

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

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Procurement Specialist Bonus and Incentive Rates in Chile

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 Specialist is a moderate bonus based job, with 57% of employees reporting at least one bonus in the last 12 months.

43% 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 2% to 7%.

Received Bonus
57%
No Bonus
43%

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 Chile earn approximately 7% more than private sector employees in the same role.

Public Sector
23,399,000 CLP
Private Sector -7%
21,841,900 CLP

Salaries for Jobs Similar to a Procurement Specialist

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

Job Title Category Salary
Asset Management Associate Purchasing and Inventory 19,678,200 CLP
Asset Protection Associate Purchasing and Inventory 18,840,100 CLP
Asset Protection Specialist Purchasing and Inventory 20,878,800 CLP
Assistant Buyer Purchasing and Inventory 18,479,600 CLP
Buyer Purchasing and Inventory 31,081,900 CLP
Capacity Planner Purchasing and Inventory 21,121,400 CLP
Category Leader Purchasing and Inventory 20,159,800 CLP
Category Management Specialist Purchasing and Inventory 21,599,000 CLP
Category Manager Purchasing and Inventory 23,878,400 CLP
Channel Services Representative Purchasing and Inventory 20,999,200 CLP
Contracts Manager Purchasing and Inventory 24,599,500 CLP
Contracts Specialist Purchasing and Inventory 20,400,600 CLP
Demand Planner Purchasing and Inventory 22,081,800 CLP
Demand Planning Manager Purchasing and Inventory 25,561,400 CLP
Distribution Assistant Purchasing and Inventory 17,758,500 CLP
Distribution Associate Purchasing and Inventory 18,840,100 CLP
Distribution Manager Purchasing and Inventory 36,960,300 CLP
Inventory Analyst Purchasing and Inventory 19,921,600 CLP
Inventory Control Clerk Purchasing and Inventory 10,560,900 CLP
Inventory Control Manager Purchasing and Inventory 27,960,400 CLP
Inventory Management Associate Purchasing and Inventory 19,921,600 CLP
Inventory Specialist Purchasing and Inventory 19,558,300 CLP
Logistics Engineer Purchasing and Inventory 18,598,500 CLP
Master Planner Purchasing and Inventory 18,598,500 CLP
Material Handler Purchasing and Inventory 12,121,000 CLP
Material Planning Specialist Purchasing and Inventory 17,879,000 CLP
Merchandise Manager Purchasing and Inventory 22,799,000 CLP
Procurement Administrator Purchasing and Inventory 23,520,800 CLP
Procurement Agent Purchasing and Inventory 14,639,900 CLP
Procurement Analyst Purchasing and Inventory 24,119,700 CLP
Procurement Assistant Purchasing and Inventory 16,079,800 CLP
Procurement Associate Purchasing and Inventory 20,878,800 CLP
Procurement Clerk Purchasing and Inventory 10,018,700 CLP
Procurement Engineer Purchasing and Inventory 19,321,100 CLP
Procurement Manager Purchasing and Inventory 41,520,800 CLP
Procurement Officer Purchasing and Inventory 9,311,400 CLP
Procurement Process Analyst Purchasing and Inventory 23,878,400 CLP
Production Planner Purchasing and Inventory 21,361,700 CLP
Project Buyer Purchasing and Inventory 24,841,800 CLP
Purchaser Purchasing and Inventory 31,440,200 CLP
Purchasing Agent Purchasing and Inventory 17,159,700 CLP
Purchasing Assistant Purchasing and Inventory 11,038,600 CLP
Purchasing Manager Purchasing and Inventory 39,718,900 CLP
Purchasing Officer Purchasing and Inventory 18,001,100 CLP
Purchasing Supervisor Purchasing and Inventory 26,158,200 CLP
Shipping and Receiving Clerk Purchasing and Inventory 9,493,400 CLP
Shipping Coordinator Purchasing and Inventory 18,121,700 CLP
Stock Clerk Purchasing and Inventory 10,824,400 CLP
Stock Regulator Purchasing and Inventory 11,794,200 CLP
Storage Manager Purchasing and Inventory 26,399,200 CLP
Store Keeper Purchasing and Inventory 10,212,200 CLP
Stores and Logistics Coordinator Purchasing and Inventory 19,921,600 CLP
Supply Chain Analyst Purchasing and Inventory 28,801,400 CLP
Supply Chain Coordinator Purchasing and Inventory 20,999,200 CLP
Supply Chain Development Manager Purchasing and Inventory 37,800,500 CLP
Supply Chain Director Purchasing and Inventory 40,559,300 CLP
Supply Chain Manager Purchasing and Inventory 38,521,100 CLP
Supply Planner Purchasing and Inventory 20,038,100 CLP
Warehouse Assistant Purchasing and Inventory 8,029,300 CLP
Warehouse Clerk Purchasing and Inventory 8,508,800 CLP
Warehouse Executive Purchasing and Inventory 34,919,600 CLP
Warehouse Lead Purchasing and Inventory 22,558,900 CLP
Warehouse Manager Purchasing and Inventory 36,358,600 CLP
Warehouse Supervisor Purchasing and Inventory 24,359,000 CLP
Wholesale Buyer Purchasing and Inventory 28,801,400 CLP

Salary Comparison by City

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

City Average Salary
Antofagasta 18,840,100 CLP
Concepcion 15,960,700 CLP
La Florida 19,921,600 CLP
Las Condes 17,879,000 CLP
Maipu 20,878,800 CLP
Penalolen 17,519,700 CLP
Puente Alto 19,799,400 CLP
Rancagua 16,918,700 CLP
San Bernardo 17,039,100 CLP
Santiago 20,760,500 CLP
Temuco 16,799,900 CLP
Valparaiso 18,239,400 CLP
Vina del Mar 19,439,300 CLP

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