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Sourcing Associate Salary

Median pay for Sourcing Associates in the United States is around $55K annually. Total cash compensation to Sourcing Associates approaches anywhere from $35K on the lower end to $80K on the higher end; in exceptional cases, this can include more than $8K from bonuses and upwards of $13K from profit sharing. Career duration is the biggest factor affecting pay for this group, followed by geography. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to the larger part. Women make up a slight majority of Sourcing Associates (54 percent) survey respondents. Most people on this career path report moderate levels of job satisfaction. The numbers in this rundown were provided by PayScale's salary survey participants.
$38,820 - $76,677
(Median)
39K
46K
55K
65K
77K
MEDIAN: $55,470
10%
25%
50%
75%
90%

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$10.76 - $26.76
(Median)
11
15
21
27
MEDIAN: $16.00
10%
25%
75%
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
$38,820 - $76,677  
   
Bonus
$0.00 - $7,871  
Profit Sharing
$0.00 - $13,277  
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).
)
$35,268 - $79,881  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 315
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$14$28$42
Hourly Rate
$10.76 - $26.76  
   
Overtime
$8.40 - $40.00  
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$28K$56K$84K
Bonus
$0.00 - $7,871  
   
Profit Sharing
$0.00 - $13,277  
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).
)
$35,268 - $79,881  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 40
United States (change)

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 usually experience a big boost in pay as they move up the career ladder to upper-level roles like Strategic Sourcing Manager. The average pay for a Strategic Sourcing Manager is $89K annually.

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Popular Skills for Sourcing Associate


Sourcing Associates report using a diverse set of skills on the job. Most notably, skills in Project Management, Vendor Management, Contract Negotiation, and Data Analysis are correlated to pay that is above average, with boosts between 9 percent and 12 percent. For most people, competency in Contract Negotiation indicates knowledge of Vendor Management and Negotiation. Those who learned Project Management also tend to know Negotiation and Vendor Management.

Related Job Salaries

Experience Affects Sourcing Associate Salaries



National Average
$56,000


Skills That Affect Sourcing Associate Salaries




Data Analysis
up arrow 9%

Sourcing
up arrow 8%


National Average
$56,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 76 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
7%
1-4 years
56%
5-9 years
24%
10-19 years
10%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 85%
vision benefits Vision: 67% employee benefits None: 7%