Commodities Sourcing Manager Salary

For Commodities Sourcing Managers, annual average wages total $76K per year. The majority of Commodities Sourcing Managers claim high levels of job satisfaction. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 56 percent. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$54,839 - $111,245
(Median)
$55K
$76K
$110K
MEDIAN: $76,067
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$54,839 - $111,245  
   
Bonus
$0.00 - $19,900  
Profit Sharing
$4,000 - $10,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$57,138 - $124,068  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 92
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Job Description for Commodities Sourcing Manager

Commodities sourcing managers are responsible for executing commodities and finding the best sources for client portfolios on behalf of their company. These individuals are in charge of managing vendor and client relationships to find the best cost/expense commodities ratios for customers and must have strong communication skills to interact with a variety of clients and find the best sourcing strategies for financial projects.

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Commodities Sourcing Manager Tasks

  • Build and maintain effective supplier and vendor relationships.
  • Maintain key performance metrics appropriate for each commodity category and suppliers.
  • Implement and train employees on company best practices and ensure department-wide compliance.
  • Effectively manage team and ensure that established guidelines and benchmarks are met.

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Pay by Experience Level for Commodities Sourcing Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Commodities Sourcing Managers with a lot of experience tend to enjoy higher earnings. The average worker who claims fewer than five years of experience earns around $67K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $91K. Commodities Sourcing Managers claiming one to two decades of experience make an estimated median of $91K. Seasoned veterans with 20 years under their belts enjoy a median income of $122K.

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Experience Affects Commodities Sourcing Manager Salaries

Late-Career
up arrow 48%

Experienced
up arrow 11%

Mid-Career
up arrow 10%

National Average
$82,000

Entry-Level
up arrow 19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 13 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

Less than 1 year
1%
1-4 years
29%
5-9 years
34%
10-19 years
29%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 96% dental benefits Dental: 85%
vision benefits Vision: 64% employee benefits None: 4%
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