Commodities Sourcing Manager Salary

The average Commodities Sourcing Manager in the United States earns approximately $75K annually. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to the larger part. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 56 percent. Most workers in this position report high levels of job satisfaction. The information for this snapshot was generated by responses to the PayScale salary survey.
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$54,406 - $109,440

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$54,406 - $109,440  
   
Bonus
$0.00 - $19,267  
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).
)
$56,538 - $122,397  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 88
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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.


Experience seems to be a major factor in determining the incomes of Commodities Sourcing Managers. Those in the early stages of their career can expect to make around $67K; however, individuals with five to 10 years of experience bring in $91K on average — a distinctly larger sum. People with 10 to 20 years of experience make an average of about $91K in this role. Professionals with more than two decades of experience behind them enjoy a prosperous six-figure median salary of $122K.

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Experience Affects Commodities Sourcing Manager Salaries

Late-Career
up arrow 50%

Experienced
up arrow 12%

Mid-Career
up arrow 11%

National Average
$81,000

Entry-Level
up arrow 18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 11 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

Less than 1 year
1%
1-4 years
28%
5-9 years
36%
10-19 years
29%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 96% dental benefits Dental: 84%
vision benefits Vision: 62% employee benefits None: 4%
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