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Sourcing Associate Salary

An average Sourcing Associate in the United States can expect to take home roughly $57K per year. Total cash earnings of Sourcing Associates range from $35K on the low end to $79K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $8K and $13K, respectively. Geographic location and years of experience 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. Job satisfaction is reported as high by the vast majority of workers. Almost all report receiving medical coverage from their employers and a large number collect dental insurance.

$38,565 - $76,062
(Median)
$39K
$57K
$76K
MEDIAN: $56,948
10%
50%
90%

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$10.64 - $26.99
(Median)
$11
$17
$27
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
$38,565 - $76,062  
   
Bonus
$0.00 - $7,744  
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).
)
$35,327 - $78,568  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 338
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
$10.64 - $26.99  
   
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 - $7,744  
   
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).
)
$35,327 - $78,568  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 38

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 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


Survey results show that Sourcing Associates use a fair number of 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. A tool kit that includes Project Management also typically contains Negotiation and Vendor Management. For most people, competency in Contract Negotiation indicates knowledge of Vendor Management and Negotiation.

Pay by Experience Level for Sourcing Associate

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


The average worker who claims fewer than five years of experience earns around $55K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $63K. Sourcing Associates who work for 10 to 20 years in their occupation tend to earn about $66K. Sourcing Associates who claim more than two decades of experience actually make somewhat smaller average paychecks of $62K.

Related Job Salaries

United States (change)

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 69 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: 68% employee benefits None: 6%
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