Average Sourcing Associate Salary

$58,143
Avg. SalaryShow Hourly Rate
$3,088
Bonus
$2,015
Profit Sharing
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The average salary for a Sourcing Associate is $58,143.
10%
$39k
10%
$58k
50%
$81k
90%
90%
MEDIAN $58,143
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United States (change)
Salary
$39k - $81k
Bonus
$395 - $8k
Profit Sharing
$1k - $8k
Total Pay
$36k - $82k

Your Market Worth Over Time

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Job Description for Sourcing Associate

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.

Popular Employer Salaries for Sourcing Associate

The top respondents for the job title Sourcing Associate are from the companies Bristol-Myers Squibb Company, Starbucks Corporation and Duke Energy Corp. Reported salaries are highest at Starbucks Corporation where the average pay is $68,290. Duke Energy Corp pays the lowest at around $55,000.

Sourcing Associate Job Listings

Popular Skills for Sourcing Associate

Skills in Sourcing, Vendor Management, Negotiation and Project Management are correlated to pay that is above average. Skills that pay less than market rate include Data Analysis.

Pay by Experience Level for Sourcing Associate

An entry-level Sourcing Associate with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $49,299 based on 120 salaries. An early career Sourcing Associate with 1-4 years of experience earns an average total compensation of $57,947 based on 207 salaries. A mid-career Sourcing Associate with 5-9 years of experience earns an average total compensation of $66,708 based on 85 salaries. An experienced Sourcing Associate with 10-19 years of experience earns an average total compensation of $66,121 based on 40 salaries. In their late career (20 years and higher), employees earn an average total compensation of $65,000.
Employees with Sourcing Associate in their job title in Seattle, Washington earn an average of 23.3% more than the national average. These job titles also find higher than average salaries in Chicago, Illinois (9.9% more) and Tampa, Florida (7.3% more). The lowest salaries can be found in Houston, Texas (17.8% less), Pittsburgh, Pennsylvania (9.8% less) and Charlotte, North Carolina (3.7% less).

Years of Experience

This data is based on 458 survey responses.
Entry Level
26.2%
Early Career
45.2%
Mid Career
18.6%
Experienced
8.7%
Late Career
1.3%