Average Purchasing Officer Salary in Liberia for 2024

In this article, we will look at the average Purchasing Officer salary for 2024 in Liberia 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 Liberian dollar. To keep things simple, we are using the LRD currency code instead of the currency symbol $.

How Much Does a Purchasing Officer Make in Liberia?

A Purchasing Officer working in Liberia will typically earn around 744,600 LRD per year, and this can range from the lowest average salary of about 371,100 LRD to the highest average salary of 1,153,300 LRD.

Average Annual Salary
744,600 LRD
Average Monthly Salary
62,050 LRD

Lowest Annual Salary
371,100 LRD
Lowest Monthly Salary
30,925 LRD

Highest Annual Salary
1,153,300 LRD
Highest Monthly Salary
96,108 LRD

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

Purchasing Officer 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 Purchasing Officer Salaries in Liberia

So we've looked at the average salaries a Purchasing Officer will earn in Liberia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Purchasing Officer can earn between 371,100 LRD and 1,153,300 LRD on average in Liberia. 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 Purchasing Officer in Liberia is 744,600 LRD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 744,600 LRD, and 50% of the population earn more than 744,600 LRD.

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 Purchasing Officer salary in Liberia, 25% of the population are earning less than 501,400 LRD while 75% of the population earn more than 501,400 LRD.

75% of the population earn less than 949,600 LRD, and 25% of the population earn more than 949,600 LRD.

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.

Purchasing Officer Salary by Experience Level in Liberia

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 purchasing officer 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 Purchasing Officer in Liberia that has less than two years of experience can expect to earn somewhere in the region of 447,300 LRD.
  • 2 - 5 Years Experience. With two to five years of experience the average Purchasing Officer salary would increase to 592,600 LRD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Purchasing Officer, the average salary would be 791,200 LRD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 942,700 LRD.
  • 15 - 20 Years Experience. A Purchasing Officer with 15 to 20 years of experience can earn an average of 1,016,300 LRD.
  • 20+ Years Experience. For a Purchasing Officer with more than 20 years, the expected average salary increases to 1,091,600 LRD.

Average Salary by Experience Chart

0-2 Years
447,300 LRD
2-5 Years +32%
592,600 LRD
5-10 Years +34%
791,200 LRD
10-15 Years +19%
942,700 LRD
15-20 Years +8%
1,016,300 LRD
20+ Years +7%
1,091,600 LRD

Purchasing Officer Salary by Education Level in Liberia

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 Purchasing Officer in Liberia 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 Purchasing Officer in Liberia with a high school education can earn an average salary of 592,600 LRD.

  • Certificate or Diploma. A Purchasing Officer in Liberia with a certificate or diploma education can earn an average salary of 825,900 LRD.

  • Bachelor's Degree. A Purchasing Officer in Liberia with a bachelor's degree education can earn an average salary of 1,030,200 LRD.

Average Salary by Education Chart

High School
592,600 LRD
Certificate or Diploma +40%
825,900 LRD
Bachelor's Degree +25%
1,030,200 LRD

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 Liberia is around 359,000 to 1,080,000 LRD 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.

Purchasing Officer 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 Liberia, a male purchasing officer will earn an average of 767,400 LRD, while a female purchasing officer will earn around 717,900 LRD.

This means that a male purchasing officer earns approximately 7% more than a female purchasing officer for performing the same job.

Average Salary by Gender Chart in Liberia

Male
767,400 LRD
Female -7%
717,900 LRD

Purchasing Officer Average Pay Raise in Liberia

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 Purchasing Officer in Liberia is around 5% every 30 months.

The national average pay raise across all professions and industries in Liberia is around 4% every 29 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 = ( 5 ÷ 30 ) × 12  = 2%

What this means is that a Purchasing Officer in Liberia can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Liberia for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Purchasing Officer Bonus and Incentive Rates in Liberia

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 Purchasing Officer is a low bonus based job, with 37% of employees reporting at least one bonus in the last 12 months.

63% 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
37%
No Bonus
63%

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 Liberia earn approximately 21% more than private sector employees in the same role.

Public Sector
948,900 LRD
Private Sector -21%
782,500 LRD

Salaries for Jobs Similar to a Purchasing Officer

In the table below, we have salary information for jobs that are similar to a Purchasing Officer in Liberia.

Job Title Category Salary
Asset Management Associate Purchasing and Inventory 790,600 LRD
Asset Protection Associate Purchasing and Inventory 743,300 LRD
Asset Protection Specialist Purchasing and Inventory 800,200 LRD
Assistant Buyer Purchasing and Inventory 702,800 LRD
Buyer Purchasing and Inventory 1,212,800 LRD
Capacity Planner Purchasing and Inventory 893,500 LRD
Category Leader Purchasing and Inventory 840,100 LRD
Category Management Specialist Purchasing and Inventory 800,500 LRD
Category Manager Purchasing and Inventory 927,000 LRD
Channel Services Representative Purchasing and Inventory 862,400 LRD
Contracts Manager Purchasing and Inventory 974,600 LRD
Contracts Specialist Purchasing and Inventory 762,400 LRD
Demand Planner Purchasing and Inventory 877,300 LRD
Demand Planning Manager Purchasing and Inventory 1,054,900 LRD
Distribution Assistant Purchasing and Inventory 681,900 LRD
Distribution Associate Purchasing and Inventory 706,200 LRD
Distribution Manager Purchasing and Inventory 1,500,800 LRD
Inventory Analyst Purchasing and Inventory 736,700 LRD
Inventory Control Clerk Purchasing and Inventory 417,100 LRD
Inventory Control Manager Purchasing and Inventory 1,085,600 LRD
Inventory Management Associate Purchasing and Inventory 790,600 LRD
Inventory Specialist Purchasing and Inventory 785,400 LRD
Logistics Engineer Purchasing and Inventory 706,200 LRD
Master Planner Purchasing and Inventory 725,700 LRD
Material Handler Purchasing and Inventory 492,400 LRD
Material Planning Specialist Purchasing and Inventory 643,400 LRD
Merchandise Manager Purchasing and Inventory 918,500 LRD
Procurement Administrator Purchasing and Inventory 973,800 LRD
Procurement Agent Purchasing and Inventory 605,700 LRD
Procurement Analyst Purchasing and Inventory 965,000 LRD
Procurement Assistant Purchasing and Inventory 587,800 LRD
Procurement Associate Purchasing and Inventory 840,800 LRD
Procurement Clerk Purchasing and Inventory 361,500 LRD
Procurement Engineer Purchasing and Inventory 761,400 LRD
Procurement Manager Purchasing and Inventory 1,594,500 LRD
Procurement Officer Purchasing and Inventory 386,400 LRD
Procurement Process Analyst Purchasing and Inventory 879,700 LRD
Procurement Specialist Purchasing and Inventory 757,300 LRD
Production Planner Purchasing and Inventory 832,300 LRD
Project Buyer Purchasing and Inventory 1,025,100 LRD
Purchaser Purchasing and Inventory 1,224,800 LRD
Purchasing Agent Purchasing and Inventory 691,200 LRD
Purchasing Assistant Purchasing and Inventory 409,000 LRD
Purchasing Manager Purchasing and Inventory 1,655,500 LRD
Purchasing Supervisor Purchasing and Inventory 1,037,600 LRD
Shipping and Receiving Clerk Purchasing and Inventory 375,200 LRD
Shipping Coordinator Purchasing and Inventory 778,200 LRD
Stock Clerk Purchasing and Inventory 407,300 LRD
Stock Regulator Purchasing and Inventory 480,300 LRD
Storage Manager Purchasing and Inventory 946,000 LRD
Store Keeper Purchasing and Inventory 399,900 LRD
Stores and Logistics Coordinator Purchasing and Inventory 788,000 LRD
Supply Chain Analyst Purchasing and Inventory 1,097,500 LRD
Supply Chain Coordinator Purchasing and Inventory 870,700 LRD
Supply Chain Development Manager Purchasing and Inventory 1,500,800 LRD
Supply Chain Director Purchasing and Inventory 1,570,900 LRD
Supply Chain Manager Purchasing and Inventory 1,632,100 LRD
Supply Planner Purchasing and Inventory 754,900 LRD
Warehouse Assistant Purchasing and Inventory 319,600 LRD
Warehouse Clerk Purchasing and Inventory 332,100 LRD
Warehouse Executive Purchasing and Inventory 1,369,700 LRD
Warehouse Lead Purchasing and Inventory 934,900 LRD
Warehouse Manager Purchasing and Inventory 1,333,900 LRD
Warehouse Supervisor Purchasing and Inventory 1,004,400 LRD
Wholesale Buyer Purchasing and Inventory 1,235,600 LRD

Salary Comparison by City

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

City Average Salary
Monrovia 746,600 LRD

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