Profession is attracting higher-caliber entrants
TORONTO, Aug. 30 /CNW/ - The Canadian supply chain management field is
attracting more highly-educated and experienced individuals-a trend reflected
in the steadily increasing rates of pay.
Purchasing b2b Magazine and the Purchasing Management Association of
Canada (PMAC) conducted their annual salary survey in April and May 2007. More
than 2,000 supply chain managers from across the country responded.
The average supply chain management salary for 2007 is $71,200 - a
4.6 per cent increase over 2006. Those with the C.P.P designation - PMAC's
widely recognized professional accreditation - earn an average $86,500,
compared to non-C.P.P. holders, who earn an average of $66,000.
"Professionally designated individuals continue to earn more," says
Robert Dye, Toronto-based president of PMAC. "More importantly, that gap is
widening. There are financially-rewarding careers in the profession, but they
are even more financially rewarding if you have a professional credential."
Education levels also affect rates of pay, with university graduates
reporting a salary of $76,600, compared to $64,900 for respondents with high
school or less.
Another prominent result is the gender gap, which shows up in the survey
each year. In 2007, male supply chain managers earn $77,600, while female
respondents earn $62,500.
Geographic location makes a difference too, with Alberta once again
posting the highest average salary of $79,800. Alberta is followed by:
- Quebec: $72,700
- Ontario: $69,600
- BC: $68,000
- Manitoba/Saskatchewan: $66,000
- Atlantic provinces: $56,800
By industry, the highest paid supply chain managers are those in natural
resources, at $83,800, followed by:
- Service industries: $73,700
- Government: $68,400
- Manufacturing: $67,900
- Healthcare: $64,700
- Education: $62,200
Interestingly, the average age of respondents this year is 42, yet they
report 13.5 years of experience. It seems the average supply chain manager
joined the field in their late 20s.
Indeed, more than half of respondents have held their current job title
for less than five years, a clear indicator many of them are joining the field
from other disciplines, such as engineering, marketing or accounting.
The average salary for those with less than five years of experience is
$69,100. The higher than expected salary for new entrants stems from
respondents' years of experience in parallel careers.
"You've earned your stripes somewhere else," Dye explains. "The
profession is attracting more highly educated individuals and a lot of the
career cross-overs would come with a higher level of post-secondary or even a
As these newcomers settle into the supply chain management field, many of
them will look to continue their professional and career development. On that
note, they are well supported by their employers: 90 per cent of respondents
say their company pays for educational courses; and 73 per cent are reimbursed
for professional membership fees.
The full report on the 2007 salary survey may be read in the July/August
issue of Purchasing b2b, or on PMAC's web site at www.pmac.ca.
The Purchasing Management Association of Canada (PMAC) is the leading
professional association in Canada for supply chain management professionals.
With more than 40,000 members and program participants working in all sectors
of the Canadian economy, PMAC is the principal source of training, education
and professional development for supply chain management professionals in
Canada. The highest achievement in professional supply chain management
education in Canada is the Certified Professional Purchaser (C.P.P.)
About Purchasing b2b
Purchasing b2b Magazine is a Rogers Media publication focused on keeping
Canadian supply chain managers informed and aware of trends in strategic
sourcing, supplier relationship management and technology. The magazine covers
best practices in supply chain management, and tracks the profession's
increasingly important role in building efficient, competitive organizations.
For further information:
For further information: Lisa Wichmann, Editor, Purchasing b2b, (416)
764-1491, firstname.lastname@example.org; Sharon Ferriss, Director, Public
Affairs and Communications, PMAC, (416) 542-9129, email@example.com