Sourcing Associate Salary

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 $74K. Sourcing Associates will also find cushy salaries in Chicago (+27 percent), Dallas (+25 percent), Minneapolis (+12 percent), and Charlotte (+7 percent).

$37,688 - $83,379
$38K
$58K
$83K
MEDIAN: $57,618
10%
50%
90%

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$14.50 - $30.56
$14
$19
$31
MEDIAN: $18.51
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
$37,688 - $83,379  
   
Bonus
$25.00 - $7,946  
Profit Sharing
$2,035  
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).
)
$34,712 - $82,747  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 160
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
$14.50 - $30.56  
   
Overtime
$27.91  
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
$25.00 - $7,946  
   
Profit Sharing
$2,035  
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).
)
$34,712 - $82,747  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | 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 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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There are some Sourcing Associates — though it's uncommon — that transition into Senior Strategic Sourcing Managers, where earnings are an average $105K annually. 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.

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Popular Employer Salaries for Sourcing Associate


Popular Skills for Sourcing Associate


Sourcing Associates report using a diverse set of skills on the job. 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. The majority of those 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: $55,960

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

Related Job Salaries

Key Stats for Sourcing Associate

Gender

Female
44 %
Male
56 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 26 votes.
Less than 1 year
12%
1-4 years
55%
5-9 years
20%
10-19 years
13%
20 years or more
1%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Sourcing Associate Salaries

▲21%

▲18%

Late-Career
▲9%

National Average
$56,000

▼2%

Skills That Affect Sourcing Associate Salaries


▲10%



▲2%

Data Analysis
▼0%

National Average
$56,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 26 votes.

Gender

Female
44 %
Male
56 %

Years of Experience

Less than 1 year
12%
1-4 years
55%
5-9 years
20%
10-19 years
13%
20 years or more
1%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 83%
vision benefits
Vision: 68%
no benefits
None: 10%