Sr. Strategic Sourcing Manager Salary

Senior Strategic Sourcing Managers in the United States can expect to earn a very comfortable salary, with average salaries (in the ballpark of $109K) surpassing six figures annually. In the world of Senior Strategic Sourcing Managers, total cash compensation can vary between $78K and $156K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $25K and $12K, respectively. Geography is the biggest factor affecting pay for this group, followed by career length. Nearly all report receiving medical and dental coverage from their employers and most collect vision insurance. Making up 74 percent of those who took the survey, male Senior Strategic Sourcing Managers greatly outnumber their female counterparts. Most Senior Strategic Sourcing Managers like their work and job satisfaction is high. This snapshot results from replies to PayScale's salary survey.

$75,067 - $138,060
(Median)
$75K
$110K
$140K
MEDIAN: $109,211
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$60K$120K$180K
Salary
$75,067 - $138,060  
   
Bonus
$3,372 - $25,237  
Profit Sharing
$970 - $12,365  
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).
)
$78,230 - $155,861  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 395
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Job Description for Sr. Strategic Sourcing Manager

Senior strategic sourcing managers create effective strategies for identifying and driving sourcing initiatives for their company. They are in charge of analyzing current and new products or services to identify new sourcing opportunities. In addition, they communicate with external partners and cross-functional teams, as well as identify possible problems and resolve them in a timely manner. One of their main tools include a personal computer to communicate with colleagues and create sourcing reports.

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Sr. Strategic Sourcing Manager Tasks

  • Lead bidding process and ensure quality and cost goals are met.
  • Report on actual costs, negotiation opportunities and overall strategic plan for sourcing, logistics, and return on investment (ROI).
  • Analyze data to identify opportunities to reduce costs, negotiate and manage existing providers.
  • Develop and lead implementation of sourcing strategies, procurement, and process flow throughout the organization.
  • Ensure compliance to existing contracts and service levels.

Common Career Paths for Sr. Strategic Sourcing Manager


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Senior Strategic Sourcing Managers often end up in upper-level roles like Director of Strategic Sourcing. Directors of Strategic Sourcing bring home $137K annually on average.

Sr. Strategic Sourcing Manager Job Listings

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Popular Skills for Sr. Strategic Sourcing Manager


Senior Strategic Sourcing Managers report using a wide range of professional skills. Most notably, skills in Contract Negotiation, Sourcing, Negotiation, and Supplier Management are correlated to pay that is above average. Skills that seem to negatively impact pay include Procurement. Most people experienced in Contract Negotiation also know Project Management.

Pay by Experience Level for Sr. Strategic Sourcing Manager

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


The relatively untested earn a median of $89K per year, but survey respondents who have racked up five to 10 years of experience report a six-figure median of $106K. Senior Strategic Sourcing Managers claiming one to two decades of experience make an estimated median of $130K. Respondents who boast more than 20 years of experience can't seem to boast paychecks reflecting that extensive experience, though; veteran Senior Strategic Sourcing Managers report making only $122K on average.

Pay Difference by Location

National Average: $118,363

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

For Senior Strategic Sourcing Managers, busy San Jose offers a higher-than-average pay rate, 30 percent above the national average. Senior Strategic Sourcing Managers can also look forward to large paychecks in cities like San Francisco (+21 percent), Seattle (+15 percent), Charlotte (+15 percent), and Houston (+13 percent). Location is a huge contributor to overall pay, with Senior Strategic Sourcing Managers in Columbus earning a whopping 26 percent below the national average. Pittsburgh and St. Louis are a couple other places where companies are known to pay below the median — salaries are 21 percent lower and 12 percent lower, respectively.

Sr. Strategic Sourcing Manager Advice

What do you wish you knew about your job when you first started out?

Sr. Strategic Sourcing Manager in Exeter:
"Career Path, Did they have a Plan?"
Be very transparent and over communicate what you are accomplishing.

Related Job Salaries

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Experience Affects Sr. Strategic Sourcing Manager Salaries



National Average
$118,000


Entry-Level
up arrow 25%

Skills That Affect Sr. Strategic Sourcing Manager Salaries

Contract Negotiation
up arrow 1%

Negotiation
0%

Sourcing
0%

National Average
$118,000

Supplier Management
up arrow 2%

Project Management
up arrow 2%

Procurement
up arrow 11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 75 votes.

Gender

Female
26 %
Male
74 %

Years of Experience

1-4 years
4%
5-9 years
26%
10-19 years
46%
20 years or more
24%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 93%
medical benefits
Vision: 84%
dental benefits
None: 3%
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