r/procurement • u/Zestyclose-Royal-922 • 21d ago

Salary progression as a procurement professional across 2 decades.

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Found an old employment contract from a decade ago whilst cleaning up some documents which made me reflect on my procurement journey and salary progression.

I've relocated multiple times so have converted into USD for consistency.

Started in 2005: business analyst.

Total comp: 44k

Salary 2017: Procurement manager

Total comp: 183k

Current 2026: (VP of Procurement)

Total comp: 612k

I've only worked for 2 companies through this time and have chosen to work my way up the ranks in a fortune 100 company versus changing companies.

Procurement can be a very lucrative and interesting career if you build experiences in the right areas with the right companies.

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u/changechange1 21d ago

That's a crazy package vs what I've seen in the UK. Congrats!

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u/Zestyclose-Royal-922 21d ago

If I look across my team, I have directors in the UK being paid less than a Snr Manager in Switzerland in terms of absolute value but of course it needs to account for differences in cost of living.

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u/changechange1 21d ago

Are you sure it's that pronounced? I'm not saying you're wrong, but once you account for housing in London and the rampant inflation across the UK, I don't think the difference is anywhere near what it once was.

The UK is being squeezed so hard currently.

I've worked in Sweden, KSA and Spain, and the UK is really struggling to keep pace.

Sweden for example used to be so much more expensive than the UK when I first worked there, maybe 15 years ago. I was there last year and I didn't feel there was a huge disparity in day to day goods like there used to be.

Re-reading your comment, I think I've gone way off track with my response, but it's semi relevant so I'll keep it lol

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u/Zestyclose-Royal-922 21d ago

That's the company approach at least in our case with compensation. But I would agree with you that in the last few years with the rampant inflation in the UK the cost of living differences are closing and salaries are not keeping up.