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Purchasing Manager Salary in Sector of Finance and Insurance

The salary statistics of purchasing managers in the industry sector of finance and insurance are shown in Table 1. In Table 2 we compare purchasing manager salaries in different industries within the finance and insurance sector.

Average Annual Salary of Purchasing Managers

Percentile BracketAverage Annual Salary
10th Percentile Wage
$79,130
25th Percentile Wage
$103,580
50th Percentile Wage
$127,630
75th Percentile Wage
$160,780
90th Percentile Wage
$201,320

Table 1 shows the average annual salary for purchasing managers in the industry sector of finance and insurance. The salaries are shown in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) purchasing managers is $201,320. The median annual salary (50th percentile) is $127,630. The average annual salary for the bottom 10 percent paid purchasing managers is $79,130.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of purchasing managers in the industry sector of finance and insurance from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$127,630
3.38% 11.17%
2016
$123,320
0.67% -
2015
$122,490
1.68% -
2014
$120,430
1.26% -
2013
$118,910
4.65% -
2012
$113,380
- -

Compare Purchasing Manager Salary in Different Industries within the Finance and Insurance Sector

The average salaries of purchasing managers in 16 industries in the finance and insurance sector are shown below. We note that within this industry sector, the salaries vary among different industries. The highest paying industry for purchasing manager occupations is the securities and commodity contracts intermediation and brokerage industry with an annual salary $143,960. The lowest paying industry is the funds, trusts, and other financial vehicles industry (annual salary $114,630). For detailed purchasing manager salary information in a particular industry, use the links provided below.

Industry Name Median Annual Salary
Securities and Commodity Contracts Intermediation and Brokerage
$143,960
Nondepository Credit Intermediation
$143,520
Direct Insurance (except Life, Health, and Medical) Carriers
$139,430
Agencies, Brokerages, and Other Insurance Related Activities
$139,110
Activities Related to Credit Intermediation
$134,280
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
$129,320
Credit Intermediation and Related Activities
$129,240
Other Nondepository Credit Intermediation
$128,320
Other Financial Investment Activities
$127,580
Securities and Commodity Exchanges
$126,870
Insurance Carriers and Related Activities
$126,420
Insurance Carriers
$125,500
Credit Intermediation and Related Activities
$124,410
Depository Credit Intermediation
$122,680
Direct Health and Medical Insurance Carriers
$119,170
Funds, Trusts, and Other Financial Vehicles
$114,630

Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2017 and published in April 2018 [1].




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