Sourcing Associate Salary

Median pay for Sourcing Associates in the United States comes out to approximately $58K per year, but employers in Seattle pay the most, the average compensation in that city is around $74K. Sourcing Associates will also find cushy salaries in Chicago (+26 percent), Dallas (+25 percent), Minneapolis (+11 percent), and Charlotte (+6 percent).

$39,048 - $84,256
$39K
$58K
$84K
MEDIAN: $58,487
10%
50%
90%

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$13.55 - $30.58
$14
$19
$31
MEDIAN: $18.74
10%
50%
90%

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$0$84K
Salary $39,048 - $84,256
Bonus $51.52 - $7,876
Profit Sharing $2,000
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).
)
$35,270 - $82,593
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 143
Hourly Data $0$39
Hourly Rate $13.55 - $30.58
Overtime $28.49
Annual Data $0$82K
Bonus $51.52 - $7,876
Profit Sharing $2,000
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).
)
$35,270 - $82,593
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 40

Find Out Exactly What You Should Be Paid

United States (change)

Employers: 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.

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Sourcing Associate Tasks

  • Review historical and competitive costs to identify cost savings opportunities and variances.
  • Analyze category, service, material, and vendor costs to provide key decision information.
  • 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.

Common Career Paths for Sourcing Associate


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Sourcing Associates do not often transition into Senior Strategic Sourcing Manager roles. The role averages $105K per year. More often than not, a Strategic Sourcing Manager role is the next step for Sourcing Associates moving up in the field. Strategic Sourcing Managers usually make $91K per year. Many other Sourcing Associates choose to take on a Buyer role, where salaries are typically $47K.

Sourcing Associate Job Listings

Popular Employer Salaries for Sourcing Associate


Popular Skills for Sourcing Associate


Survey results suggest that Sourcing Associates put a wide range of professional skills to use. Most notably, skills in Contract Negotiation, Negotiation, Vendor Management, and Project Management are correlated to pay that is above average, with boosts between 9 percent and 15 percent. Most people familiar with Contract Negotiation also know Vendor Management and Negotiation. Most people who know Project Management also know Negotiation and Vendor Management.

Pay by Experience Level for Sourcing Associate

Pay by Experience for a Sourcing Associate has a positive trend. An entry-level Sourcing Associate with less than 5 years of experience can expect to earn an average total compensation of $55,000 based on 151 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Sourcing Associate with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $66,000 based on 54 salaries. An experienced Sourcing Associate which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $67,000 based on 27 salaries. A Sourcing Associate with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $61,000 based on 6 salaries.

Pay Difference by Location

National Average: $56,126

Larger city markers indicate a job is popular in that location.

Related Job Salaries

Key Stats for Sourcing Associate

Gender

Female
47 %
Male
53 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 30 votes.
Less than 1 year
13%
1-4 years
55%
5-9 years
19%
10-19 years
13%
20 years or more
2%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Sourcing Associate Salaries

▲20%

▲18%

Late-Career
▲9%

National Average
$56,000

▼3%

Skills That Affect Sourcing Associate Salaries



▲9%


▲2%

National Average
$56,000

Data Analysis
▼1%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 30 votes.

Gender

Female
47 %
Male
53 %

Years of Experience

Less than 1 year
13%
1-4 years
55%
5-9 years
19%
10-19 years
13%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 83%
vision benefits
Vision: 70%
no benefits
None: 10%
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