Sourcing Associate Salary

Sourcing Associates in the United States can expect to earn an average of $57K per year. Cash earnings for Sourcing Associates — including $8K in bonuses and $13K in profit sharing proceeds near the top of the pay scale — generally stretch from $35K to $79K depending on individual performance. Geography and experience level each impact pay for this group, with the former having the largest influence. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 53 percent. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to the larger part. Most people in this profession are content with their work, and moderate levels of job satisfaction are reported. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$38,623 - $76,268
(Median)
$39K
$57K
$76K
MEDIAN: $56,873
10%
50%
90%

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$10.56 - $27.75
(Median)
$11
$17
$28
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
$38,623 - $76,268  
   
Bonus
$0.00 - $7,738  
Profit Sharing
$0.00 - $13,000  
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).
)
$35,499 - $78,726  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 339
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 - $27.75  
   
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 - $7,738  
   
Profit Sharing
$0.00 - $13,000  
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).
)
$35,499 - $78,726  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 37
United States (change)

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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 seem to require a number of specific skills. Most notably, skills in Project Management, Contract Negotiation, Sourcing, and Vendor Management are correlated to pay that is above average, with boosts between 6 percent and 9 percent. Most people experienced in Project Management also know Negotiation and Vendor Management. Most people experienced in Contract Negotiation also 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 $62K. Sourcing Associates bring in $66K after working for 10 to 20 years. People who have worked for 20 years or more actually report earning less than people who are in the middle of their careers; the veterans take home a mere $62K by contrast.

Pay Difference by Location


For Sourcing Associates, working in the bustling city of Dallas has its advantages, including an above-average pay rate. Sourcing Associates will also find cushy salaries in Houston (+9 percent), Atlanta (+5 percent), Chicago (+2 percent), and New York (+2 percent). With compensation 12 percent below the national average, Cincinnati is not known for hefty paychecks and actually represents the lowest-paying market.

Related Job Salaries

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Experience Affects Sourcing Associate Salaries



Late-Career
up arrow 7%

National Average
$58,000


Skills That Affect Sourcing Associate Salaries



Sourcing
up arrow 6%


Negotiation
up arrow 4%

Data Analysis
up arrow 4%

National Average
$58,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 62 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
7%
1-4 years
55%
5-9 years
24%
10-19 years
11%
20 years or more
3%

Common Health Benefits

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