Commodities Sourcing Manager Salary

Commodities Sourcing Managers in the United States pull down an average of $77K per year. The majority of workers are highly satisfied with their job. Medical benefits are awarded to almost all, and a large number earn dental coverage. Men working as Commodities Sourcing Managers who took the survey just slightly outnumber women at 52 percent. The information for this snapshot was generated by responses to the PayScale salary survey.
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$56,216 - $106,720
(Median)
$56K
$77K
$110K
MEDIAN: $77,116
10%
50%
90%

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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
$56,216 - $106,720  
   
Bonus
$0.00 - $15,965  
Profit Sharing
$5,000  
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).
)
$58,538 - $121,630  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 81
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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. Relatively untried employees who have less than five years' experience have a median salary of $67K. Those who have been around for five to 10 years can expect to take home more — $85K on average. Commodities Sourcing Managers who work for 10 to 20 years in their occupation tend to earn about $94K. Commodities Sourcing Managers who have spent more than 20 years on the job report earning a significantly higher median of $122K.

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Experience Affects Commodities Sourcing Manager Salaries

Late-Career
up arrow 52%

Experienced
up arrow 17%

Mid-Career
up arrow 6%

National Average
$80,000

Entry-Level
up arrow 17%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 10 votes.

Gender

Female
48 %
Male
52 %

Years of Experience

Less than 1 year
2%
1-4 years
26%
5-9 years
35%
10-19 years
28%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 81%
medical benefits
Vision: 62%
dental benefits
None: 5%
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