Median pay for Sourcing Associates in the United States is around $58K per year, but employers in Seattle offer the biggest paychecks; average compensation in that city is approximately $76K. Sourcing Associates will also find cushy salaries in Chicago (+25 percent), Dallas (+23 percent), Houston (+12 percent), and Minneapolis (+10 percent). This snapshot results from replies to PayScale's salary survey.

$37,960 - $81,387
$38K
$58K
$81K
MEDIAN: $58,310
10%
50%
90%

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$14.47 - $30.62
$14
$18
$31
MEDIAN: $18.46
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$28K$56K$84K
Salary
$37,960 - $81,387  
   
Bonus
$489.36 - $7,803  
Profit Sharing
$2,750  
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).
)
$34,905 - $81,379  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 185
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$14$28$42
Hourly Rate
$14.47 - $30.62  
   
Overtime
$26.50  
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$28K$56K$84K
Bonus
$489.36 - $7,803  
   
Profit Sharing
$2,750  
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).
)
$34,905 - $81,379  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 37

Find Out Exactly What You Should Be Paid

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 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 who transition into a Senior Strategic Sourcing Manager role may receive large pay increases as the latter position pays an average $105K per year.

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Popular Employer Salaries for Sourcing Associate


Popular Skills for Sourcing Associate


Survey results imply that Sourcing Associates put a diverse skill set 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 8 percent and 14 percent. Skill sets containing Project Management also tend to include 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.


Those in the early stages of their career can expect to make around $55K; however, individuals with five to 10 years of experience bring in $65K on average — a distinctly larger sum. Sourcing Associates claiming one to two decades of experience make an estimated median of $69K. Survey participants with more than twenty years of experience only make around $61K on average, though; this group reports a lower median than the one claimed by mid-career individuals.

Pay Difference by Location

National Average: $56,802

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

Related Job Salaries

Key Stats for Sourcing Associate

Gender

Female
42 %
Male
58 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 27 votes.
053
Less than 1 year
10%
1-4 years
54%
5-9 years
23%
10-19 years
12%
20 years or more
2%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Sourcing Associate Salaries



Late-Career
up arrow 8%

National Average
$57,000


Skills That Affect Sourcing Associate Salaries

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 27 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

Less than 1 year
10%
1-4 years
54%
5-9 years
23%
10-19 years
12%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 84%
vision benefits
Vision: 68%
dental benefits
None: 10%
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