Sourcing Associate Salary

Earnings for Sourcing Associates in the United States come in at around $57K annually on average. In the world of Sourcing Associates, total cash compensation can vary between $35K and $78K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $8K and $13K, respectively. Location is the biggest factor affecting pay for this group, followed by career length. Medical benefits are awarded to nearly all, and most earn dental coverage. The majority of individuals in this role claim moderate levels of job satisfaction. Women make up a slight majority of Sourcing Associates (52 percent) survey respondents. The data for this synopsis comes from respondents who took the PayScale salary survey.

$38,929 - $75,754
(Median)
$39K
$57K
$76K
MEDIAN: $56,611
10%
50%
90%

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$10.64 - $26.99
(Median)
$11
$17
$27
MEDIAN: $17.00
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$27K$54K$81K
Salary
$38,929 - $75,754  
   
Bonus
$0.00 - $7,719  
Profit Sharing
$0.00 - $13,087  
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).
)
$35,481 - $78,299  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 338
National Hourly Rate 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$15$30$45
Hourly Rate
$10.64 - $26.99  
   
Overtime
$0.21 - $44.04  
National Annualized 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$30K$60K$90K
Bonus
$0.00 - $7,719  
   
Profit Sharing
$0.00 - $13,087  
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).
)
$35,481 - $78,299  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 38

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Job Description for Sourcing Associate

A sourcing associate finds suppliers and evaluates them for quality and price. This associate then negotiates and purchases goods or services from these suppliers. Prior to making purchases, a sourcing associate should come up with a strategy that is approved by management.

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Sourcing Associate Tasks

  • Review financial goals and provide metrics to understand and report on initiatives and cost structure.
  • Ensure books and databases are up to date and accurate.
  • Review historical and competitive costs to identify cost savings opportunities and variances.
  • Analyze category, service, material, and vendor costs to provide key decision information.

Common Career Paths for Sourcing Associate


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Advancing into a Strategic Sourcing Manager role seems to be a popular career move for Sourcing Associates, and folks who currently work in the latter position report a notably larger median income of $90K per year.

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Popular Skills for Sourcing Associate


Sourcing Associates report using a wide range of professional skills. Most notably, skills in Project Management, Sourcing, Contract Negotiation, and Vendor Management are correlated to pay that is above average, with boosts between 7 percent and 10 percent. Those proficient in Project Management are, more often than not, also skilled in Negotiation and Vendor Management. Those educated in Contract Negotiation tend to be well versed in Vendor Management and Negotiation.

Pay by Experience Level for Sourcing Associate

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


Survey participants with less than five years' experience pocket $55K on average, but those with five to 10 years of experience enjoy a much bigger median of $62K. After working for 10 to 20 years, Sourcing Associates make a median salary of $66K. For some reason, Sourcing Associates with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $62K.

Related Job Salaries

United States (change)

Experience Affects Sourcing Associate Salaries



Late-Career
up arrow 8%

National Average
$57,000


Skills That Affect Sourcing Associate Salaries




Sourcing
up arrow 7%

Data Analysis
up arrow 7%

Negotiation
up arrow 4%

National Average
$57,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 72 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
7%
1-4 years
56%
5-9 years
25%
10-19 years
10%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 85%
vision benefits Vision: 69% employee benefits None: 6%