As of December 01, 2024, the average annual pay of VP of Procurement in Chicago, IL is $246,680. While Salary.com is seeing that VP of Procurement salary in Chicago, IL can go up to $307,241 or down to $188,411, but most earn between $216,180 and $278,380. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of VP of Procurement in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $278,380 | $23,198 | $5,353 | $134 |
| Average | $246,680 | $20,557 | $4,744 | $119 |
| 25th Percentile | $216,180 | $18,015 | $4,157 | $104 |
An entry-level VP of Procurement with under 1 year experience makes about $226,893. With less than 2 years of experience, a mid-level VP of Procurement makes around $229,608. After 2-4 years, the VP of Procurement pay rises to about $233,228. Those senior VP of Procurement with 5-8 years of experience earn roughly $238,658, and those VP of Procurement having 8 years or more experience are expected to earn about $245,445 on average.
| Levels | Salary |
|---|---|
| Entry Level VP of Procurement | $226,893 |
| Intermediate Level VP of Procurement | $229,608 |
| Senior Level VP of Procurement | $233,228 |
| Specialist Level VP of Procurement | $238,658 |
| Expert Level VP of Procurement | $245,445 |
| Entry Level | 8% |
| Mid Level | 7% |
| Senior Level | 5% |
| Top Level | 3% |
| Experienced | 1% |
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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.
Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
Inventory Management: Overseeing and controlling supplies and stock to ensure that an organization maintains an adequate stock quantity.
RFP: A request for proposal (RFP) is a business document that announces a project, describes it, and solicits bids from qualified contractors to complete it.
| Skill | Salary | Demand |
|---|---|---|
|
Commercial Law
|
$276,282 |
12%
|
|
Innovation
|
$271,348 |
10%
|
|
Talent Acquisition
|
$268,881 |
9%
|
|
Business Acumen
|
$266,414 |
8%
|
|
Relationship Management
|
$266,414 |
8%
|
|
Commitment
|
$261,481 |
6%
|
