Some companies focus on the negotiation and relationship-building requirements of this career and seek purchasing manager applicants with experience in sales. Others may consider promoting production specialists with experience in the same industry. For leadership roles, applicants typically need experience of a certain number of years.
Certification is not a requirement for any purchasing manager job. However, several accreditations can help during the job application process.
Most employers don’t require certification, but they may prefer candidates who have completed certification in these areas.
As of May 2021, purchasing managers earned between $77,310 and $206,540, according to BLS. Earning potential can vary depending on the size of the company, its industry, its location and the level of expertise required for the job.
The highest-paying sectors include oil and gas extraction and energy distribution. Other service-oriented businesses, such as law firms and data processing centers, may also offer above-average salaries.
Salary ranges are not specific to students or graduates of University of Phoenix. Actual outcomes vary based on multiple factors, including prior work experience, geographic location and other factors specific to the individual. University of Phoenix does not guarantee employment, salary level or career advancement. BLS data is geographically based. Information for a specific state/city can be researched on the BLS website.
One advantage to becoming a purchasing manager is that you can find job opportunities in a wide range of industries.
Any large business that buys or sells goods needs a well-run purchasing department. Different manufacturing industries hire purchasing managers to source a steady supply of raw materials. Retail businesses also need skilled purchasing managers, and so do large corporations that rely on goods and services. In fact, most corporations have a procurement team. Even if they don’t have retail, wholesale or manufacturing operations, corporations need buyers to purchase equipment and find service contractors to handle specific tasks.