Sourcing Associate Salary

Median pay for Sourcing Associates in the United States lies in the neighborhood of $57K per year. Final cash compensation to Sourcing Associates varies from around $35K to approximately $81K; choice pay grades include potential for bonuses and profit sharing as high as $8K and $13K, respectively. The most influential factor affecting pay for this group is the particular firm, though the particular city and years of experience have a (lesser) impact as well. Most workers in this position report high levels of job satisfaction. Medical benefits are awarded to almost all, and a large number earn dental coverage. Women make up a slight majority of Sourcing Associates (53 percent) survey respondents.

$37,073 - $77,563
(Median)
$37K
$57K
$78K
MEDIAN: $57,369
10%
50%
90%

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$12.00 - $27.51
(Median)
$12
$18
$28
MEDIAN: $18.00
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$27K$54K$81K
Salary
$37,073 - $77,563  
   
Bonus
$0.00 - $7,778  
Profit Sharing
$-0.49 - $12,723  
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).
)
$34,869 - $80,518  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 366
National Hourly Rate 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$15$30$45
Hourly Rate
$12.00 - $27.51  
   
Overtime
$-0.50 - $44.38  
National Annualized 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$30K$60K$90K
Bonus
$0.00 - $7,778  
   
Profit Sharing
$-0.49 - $12,723  
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).
)
$34,869 - $80,518  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 49
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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Sourcing Associates might see a strong upturn in salary after transitioning into upper-level roles such as Strategic Sourcing Manager, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $90K per year.

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Popular Employer Salaries for Sourcing Associate


Popular Skills for Sourcing Associate


Survey results suggest that Sourcing Associates use a fairly large toolkit of professional skills. Most notably, skills in Project Management, Contract Negotiation, Vendor Management, and Negotiation are correlated to pay that is above average, with boosts between 5 percent and 9 percent. Most people experienced in Contract Negotiation also know Vendor Management and Negotiation. Most people experienced in Project Management also know Negotiation and Vendor Management.

Pay by Experience Level for Sourcing Associate

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


Workers in their first five years can expect to earn $56K, but people who have been around for five to 10 years earn a noticeably bigger sum of $65K. Sourcing Associates see a median salary of $66K after reaching one to two decades on the job. 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.

Pay Difference by Location

National Average: $57,842

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

Home to some of the best pay for Sourcing Associates, Houston offers exceptional salaries, 19 percent above the national average. Sourcing Associates will also find cushy salaries in Dallas (+9 percent) and Chicago (+8 percent). The smallest paychecks in the market, 6 percent south of the national average, can be found in Pittsburgh. Workers in Cincinnati and New York earn salaries that trail the national average for those in this profession (4 percent less and 1 percent less, respectively).

Related Job Salaries

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Experience Affects Sourcing Associate Salaries



Late-Career
up arrow 8%

National Average
$58,000


Skills That Affect Sourcing Associate Salaries




Negotiation
up arrow 4%

Sourcing
up arrow 3%

Data Analysis
up arrow 2%

National Average
$58,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 58 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
7%
1-4 years
56%
5-9 years
25%
10-19 years
10%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 85%
medical benefits
Vision: 68%
dental benefits
None: 6%
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