Sourcing Associate Salary

Average Sourcing Associates in the United States make around $57K per year. Total cash compensation to Sourcing Associates approaches anywhere from $35K on the lower end to $79K on the higher end; in exceptional cases, this can include more than $8K from bonuses and upwards of $13K from profit sharing. Career length and the particular city each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to almost all, and a large number earn dental coverage. For the most part, Sourcing Associates enjoy their work and report high levels of job satisfaction. Women Sourcing Associates who took the survey just slightly outnumber men. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$37,935 - $76,501
(Median)
$38K
$57K
$77K
MEDIAN: $56,873
10%
50%
90%

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$10.64 - $27.63
(Median)
$11
$17
$28
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
$37,935 - $76,501  
   
Bonus
$0.00 - $7,825  
Profit Sharing
$0.00 - $13,000  
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).
)
$35,219 - $79,085  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 339
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 - $27.63  
   
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 - $7,825  
   
Profit Sharing
$0.00 - $13,000  
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).
)
$35,219 - $79,085  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 38
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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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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.

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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, Contract Negotiation, Sourcing, and Vendor Management are correlated to pay that is above average, with boosts between 6 percent and 9 percent. Most people familiar with Contract Negotiation also know Vendor Management and Negotiation. People who know Project Management usually also know Negotiation and Vendor Management.

Pay by Experience Level for Sourcing Associate

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


Relatively untried employees who have less than five years' experience make $55K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $62K. On average, Sourcing Associates make $66K following one to two decades on the job. Sourcing Associates who claim more than two decades of experience actually make somewhat smaller average paychecks of $62K.

Pay Difference by Location


Houston offers some of the highest pay in the country for Sourcing Associates, 9 percent above the national average. Sourcing Associates will also find cushy salaries in Dallas (+9 percent), Atlanta (+6 percent), Chicago (+2 percent), and Pittsburgh (+1 percent). Cincinnati is the lowest-paying area, 9 percent south of the national average.

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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%

National Average
$58,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 58 votes.

Gender

Female
53 %
Male
47 %

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: 69% employee benefits None: 6%
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