Manager, Procurement Salary at The Wistar Institute BETA

How much does a The Wistar Institute Manager, Procurement make?

As of March 2025, the average annual salary for a Manager, Procurement at The Wistar Institute is $140,932, which translates to approximately $68 per hour. Salaries for Manager, Procurement at The Wistar Institute typically range from $127,306 to $155,579, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

The Wistar Institute Overview

Website:
wistar.org
Size:
200 - 500 Employees
Revenue:
$50M - $200M
Industry:
Pharmaceuticals

The Wistar Institute is an international leader in biomedical research with special expertise in cancer, infectious disease research and vaccine development. Founded in 1892 as the first independent nonprofit biomedical research institute in the United States, Wistar has held the prestigious Cancer Center designation from the National Cancer Institute since 1972. The Institute works actively to ensure that research advances move from the laboratory to the clinic as quickly as possible.

See similar companies related to The Wistar Institute

What Skills Does a person Need at The Wistar Institute?

At The Wistar Institute, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Purchasing: Purchasing refers to a business or organization attempting to acquire goods or services to accomplish its goals. Although there are several organizations that attempt to set standards in the purchasing process, processes can vary greatly between organizations. Typically the word “purchasing” is not used interchangeably with the word “procurement”, since procurement typically includes expediting, supplier quality, and transportation and logistics (T&L) in addition to purchasing.
  2. Procurement: Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Procurement is used to ensure the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are compared. Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing risks such as exposure to fraud and collusion. Almost all purchasing decisions include factors such as delivery and handling, marginal benefit, and price fluctuations. Procurement generally involves making buying decisions under conditions of scarcity. If sound data is available, it is good practice to make use of economic analysis methods such as cost-benefit analysis or cost-utility analysis.
  3. Supply chain: A supply chain encompasses everything from the delivery of source materials from the supplier to the manufacturer through to its eventual delivery to the end user.
  4. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  5. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

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Check more jobs information at The Wistar Institute

Job Title Average The Wistar Institute Salary Hourly Rate
2 Adjunct Professor $119,367 $57
3 Admin-Assistant $50,933 $24
4 Advisory Board Member $109,977 $53
5 Assistant Director, Human Resources $177,636 $85
6 Associate Director, Communications & Marketing $174,635 $84
7 Bioinformatics Analyst $79,283 $38
8 Chief Financial Officer $487,842 $235
9 Coordinator $90,645 $44
10 Director, Facilities $127,281 $61
11 Doctor $255,735 $123
12 Human Resource Generalist $70,780 $34
13 Lab Coordinator $65,933 $32

Hourly Pay at The Wistar Institute

The average hourly pay at The Wistar Institute for a Manager, Procurement is $68 per hour. The location, department, and job description all have an impact on the typical compensation for The Wistar Institute positions. The pay range and total remuneration for the job title are shown in the table below. The Wistar Institute may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $140,932 look to you?

FAQ about Salary and Jobs at The Wistar Institute

1. How much does The Wistar Institute pay per hour?
The average hourly pay is $68. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at The Wistar Institute?
According to the data, the highest approximate salary is about $155,579 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at The Wistar Institute?
According to the data, the lowest estimated salary is about $127,306 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.