Sourcing Associate Salary

Pay for Sourcing Associates in the United States sits in the ballpark of $57K annually. Final cash compensation to Sourcing Associates varies from around $35K to approximately $79K; choice pay grades include potential for bonuses and profit sharing as high as $8K and $13K, respectively. Career duration is the biggest factor affecting pay for this group, followed by geography. Most Sourcing Associates like their work and job satisfaction is high. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 54 percent. Medical benefits are awarded to nearly all, and most earn dental coverage. This report is based on responses to the PayScale salary survey.

$38,109 - $76,407

Add this chart to your site: 640px    300px

$10.56 - $27.75

Add this chart to your site: 640px    300px

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
$38,109 - $76,407  
   
Bonus
$0.00 - $7,793  
Profit Sharing
$-0.50 - $12,913  
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).
)
$35,435 - $78,968  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 343
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
$10.56 - $27.75  
   
Overtime
$0.21 - $44.04  
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 - $7,793  
   
Profit Sharing
$-0.50 - $12,913  
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).
)
$35,435 - $78,968  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 37
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: 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.

Read More...

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


Add this chart to your site:   640px 640px    300px 300px


Sourcing Associates who move on to become Strategic Sourcing Managers may enjoy significant pay raises, as Strategic Sourcing Managers get paid an average of $90K per year.

Procurement Agent Job Listings

Search for more jobs:

Popular Skills for Sourcing Associate


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Project Management, Contract Negotiation, Vendor Management, and Sourcing are correlated to pay that is above average, with boosts between 6 percent and 9 percent. Those familiar with Contract Negotiation also tend to know Vendor Management and Negotiation. Those familiar with Project Management tend to be well versed in Negotiation and Vendor Management.

Pay by Experience Level for Sourcing Associate

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


The average beginner in this position makes around $55K, but folks who have been around for five to 10 years see a markedly higher median salary of $62K. The average pay reported by folks with 10 to 20 years of experience is around $66K. Folks who claim more than 20 years of relevant experience actually report a comparatively lower median income of $62K.

Pay Difference by Location


Home to some of the best pay for Sourcing Associates, Houston offers exceptional salaries, 10 percent above the national average. Sourcing Associates can also look forward to large paychecks in cities like Dallas (+10 percent), Atlanta (+6 percent), Chicago (+2 percent), and Pittsburgh (+2 percent). The smallest paychecks in the market, 8 percent south of the national average, can be found in Cincinnati.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Sourcing Associate Salaries



Late-Career
up arrow 8%

National Average
$58,000


Skills That Affect Sourcing Associate Salaries




Sourcing
up arrow 5%

Negotiation
up arrow 4%

Data Analysis
up arrow 4%

National Average
$58,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 57 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
7%
1-4 years
55%
5-9 years
24%
10-19 years
11%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 85%
vision benefits Vision: 68% employee benefits None: 5%
ADVERTISEMENT