As of May 18, 2021, the average hourly rate for a Commodity Manager in the United States is $60, which translates to an annual salary of about $124,990.
However, the hourly wage can vary significantly based on several factors. Here’s a detailed look at the typical pay range per hour:
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A Commodity Manager's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a Commodity Manager's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Commodity Buyer III | 4-7 years | $89,174 |
| Commodity Buyer IV | 7+ years | $117,917 |
| Commodity Manager | 7+ years | $124,990 |
| Commodity Senior Manager | 7+ years | $162,351 |
| Commodity Director | 7+ years | $185,119 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Commodity Managers. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 4.44% |
| Commodity Management | 2.6% |
| Contract Management | 1.15% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Commodity Management
|
$132,489 |
6%
|
|
Supplier Management
|
$129,990 |
4%
|
|
Strategic Sourcing
|
$129,990 |
4%
|
|
Analysis
|
$129,990 |
4%
|
|
Analytical Skills
|
$128,740 |
3%
|
|
Cost Reduction
|
$128,740 |
3%
|
Your level of education can impact your salary potential. While many Commodity Managers enter the field with a Bachelor's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Commodity Manager with a Bachelor's Degree is between $122,184 and $127,301).
Commodity Manager Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 1.1% |
| High School | 5.6% |
| Associates | 4.1% |
| Bachelors | 41.8% |
| Masters | 45.9% |
| Doctorate | 1.5% |
Understanding how a Commodity Manager's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on May 18, 2021Salaries for a Commodity Manager can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $110,569 in 2023 to around $109,758 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Commodity Manager salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $110,569 |
| 2024 | $110,560 |
| 2025 | $109,758 |
| 2026 |
View More
|
| 2027 |
View More
|
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Implements a commodity procurement and inventory strategy that supports a company's manufacturing supply chain. Manages the policies and processes to purchase raw materials required to process and manufacture products, conduct research, or enable other business activities. Monitors and analyzes the commodities market, global economic conditions, and events to make informed purchase decisions. Identifies, evaluates, and monitors suppliers and develops relationships to provide reliable sourcing and ensure the quality and availability of required commodities. Oversees bidding and contract negotiations to obtain the best pricing to meet commodity needs. Analyzes inventory levels, manufacturing schedules, and long-term business objectives to plan and manage purchases. Ensures compliance with all applicable regulations and standards governing the purchase and delivery of goods. Requires a bachelor's degree in business, supply chain management or equivalent. Typically reports to a director. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes.
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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Commodity Management: Commodity Management is the process of developing a systematic approach to the entire usage cycle for a group of items. The term is often used interchangeably with Category Management. It is generally considered as one aspect of the Procurement Management toolkit, and frequently used in combination with other tools – such as 'two-by-four-box' analysis, looking at the strategic positioning of that commodity with respect to an organisation and its supplier. This may then be further developed with Supplier Relationship Management (SRM), with designated Buyers managing key suppliers in given commodities. For more information on this topic, please consult: Supplier Relationship Management Procurement Category managementCommodity Management is also used in other contexts, as such managing dwindling availability of scarce resources. For this context, please see: Resource management
Contract Management: Managing agreements, from their creation to execution by the chosen party and the eventual termination of the contract.
Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
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