What am I worth?
Get a free salary report »
What should I pay?
Pay the right way »

Sourcing Associate Salary

The average Sourcing Associate in the United States can expect to rake in roughly $57K per year. Total cash compensation for Sourcing Associates runs from $35K to $79K depending on bonuses that can occasionally exceed $8K and profit sharing that can reach almost $13K. Residence and career length each impact pay for this group, with the former having the largest influence. Women make up a slight majority of Sourcing Associates (52 percent) survey respondents. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. The majority of Sourcing Associates claim high levels of job satisfaction. This report is based on responses to the PayScale salary survey.

$38,567 - $76,085
(Median)
$39K
$57K
$76K
MEDIAN: $57,004
10%
50%
90%

Add this chart to your site: 640px    300px

$10.56 - $27.13
(Median)
$11
$17
$27
MEDIAN: $16.00
10%
50%
90%

Add this chart to your site: 640px    300px

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
$38,567 - $76,085  
   
Bonus
$0.00 - $7,753  
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).
)
$35,296 - $78,638  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 337
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
$10.56 - $27.13  
   
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 - $7,753  
   
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).
)
$35,296 - $78,638  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 37
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

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


Add this chart to your site:   640px 640px    300px 300px


Many Sourcing Associates move into a Strategic Sourcing Manager role, and folks who currently hold that position report a much higher median income of $90K per year.

Procurement Agent Job Listings

Search for more jobs:

Popular Skills for Sourcing Associate


Sourcing Associates report using a pretty varied skill set on the job. Most notably, skills in Project Management, Sourcing, Contract Negotiation, and Vendor Management are correlated to pay that is above average, with boosts between 6 percent and 9 percent. Those familiar with Project Management tend to be well versed in Negotiation and Vendor Management. Those familiar with Contract Negotiation also tend to know Vendor Management and Negotiation.

Pay by Experience Level for Sourcing Associate

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


Relatively untried employees who have less than five years' experience make $55K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $63K. People with 10 to 20 years of experience make an average of about $66K in this role. 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)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Sourcing Associate Salaries



Late-Career
up arrow 7%

National Average
$58,000


Skills That Affect Sourcing Associate Salaries




Sourcing
up arrow 6%

Data Analysis
up arrow 5%

Negotiation
up arrow 4%

National Average
$58,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 68 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
7%
1-4 years
55%
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%
ADVERTISEMENT