Education Matters

A recently released survey by the Institute of Supply Management (ISM) confirms professional credentials, education and experience contribute to greater pay and equity.

SCMR’s sister publication, Logistics Management, came to a similar conclusion after conducting its salary survey of supply chain executives. ISM surveyed management professionals in the United States during January and February 2010. Random samples of customers were pulled from an ISM database that included both members and nonmembers. An e-mail message requesting participation was then sent to these customers. In all, a total of 973 responses were received, representing a response rate of 7.3 percent.

ISM’s salary survey established average salaries (for the 2009 calendar year, all in U.S. dollars) for the following job titles:
• Chief Purchasing/Supply Management/Sourcing: $240,408
• Vice President, Purchasing/Supply Management/Sourcing: $226,562
• Director, Purchasing/Supply Management/Sourcing: $132,398
• Manager, Purchasing/Supply Management/Sourcing: $94,384
• Experienced Supply Management Professional: $71,348
• Entry-Level Supply Management Professional: $50,506

Additional summary report details include:
• ISM’s new Certified Professional in Supply Management (CPSM) designation ismaking a positive impact on the profession. Respondents who earned this designation reported an average salary that was 9.8 percent higher than those without any certifications, and 8.9 percent more than those who have not earned their CPSM.
• As with the LM survey, ISM found that gender still appears to affect the salary supply management professionals can expect to receive. The average salary among male respondents to this survey was $104,443, while the average salary among female respondents was $88,078.

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