Sourcing Associate Salary

The median pay for Sourcing Associates comes out to approximately $58K annually in the United States, but employers in Seattle offer the most; the average salary in that city is around $74K. Sourcing Associates can also look forward to large paychecks in cities like Chicago (+26 percent), Dallas (+24 percent), Minneapolis (+11 percent), and Charlotte (+6 percent).

$38,926 - $77,919
$39K
$58K
$78K
MEDIAN: $58,092
10%
50%
90%

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$13.52 - $30.43
$14
$18
$30
MEDIAN: $17.76
10%
50%
90%

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$0$78K
Salary $38,926 - $77,919
Bonus $48.48 - $7,936
Profit Sharing $0.00 - $4,848
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).
)
$34,363 - $78,642
  • Country: United States
  • Currency: USD
  • Updated: 18 Jan 2018
  • Individuals Reporting: 344
Hourly Data $0$45
Hourly Rate $13.52 - $30.43
Overtime $18.55 - $45.62
Annual Data $0$78K
Bonus $48.48 - $7,936
Profit Sharing $0.00 - $4,848
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).
)
$34,363 - $78,642
  • Country: United States
  • Currency: USD
  • Updated: 18 Jan 2018
  • Individuals Reporting: 69

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 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.

Sourcing Associate Pay By Employer

$0$90K

$53,383

$72,000

Common Career Paths for Sourcing Associate


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There are some Sourcing Associates — though it's uncommon — that transition into Senior Strategic Sourcing Managers, where earnings are an average $105K annually. As Sourcing Associates progress in their field, many go on to become Strategic Sourcing Managers. In fact, this transition is more common than anything else, and pay for the position is usually $91K per year. Another common career choice for Sourcing Associates is to move into a Buyer role. Typically, Buyers get paid $47K.

Sourcing Associate Job Listings

Popular Skills for Sourcing Associate


Survey results suggest that Sourcing Associates use a fairly large toolkit of professional skills. Most notably, skills in Contract Negotiation, Negotiation, Vendor Management, and Project Management are correlated to pay that is above average, with boosts between 8 percent and 14 percent. Most people experienced in Contract Negotiation also know Vendor Management and Negotiation. Skill sets containing Project Management also tend to include Negotiation and Vendor Management.

Pay by Experience Level for Sourcing Associate

Pay by Experience for a Sourcing Associate has a positive trend. An entry-level Sourcing Associate with less than 5 years of experience can expect to earn an average total compensation of $55,000 based on 151 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Sourcing Associate with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $66,000 based on 54 salaries. An experienced Sourcing Associate which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $67,000 based on 27 salaries. A Sourcing Associate with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $61,000 based on 6 salaries.

Pay Difference by Location

National Average: $56,765

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

Related Job Salaries

Key Stats for Sourcing Associate

Gender

Female
51 %
Male
49 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 51 votes.
Less than 1 year
13%
1-4 years
54%
5-9 years
21%
10-19 years
10%
20 years or more
2%

Experience Affects Sourcing Associate Salaries

▲19%

▲16%

Late-Career
▲8%

National Average
$57,000

▼4%

Skills That Affect Sourcing Associate Salaries


▲8%



▲1%

National Average
$57,000

Data Analysis
▼2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 51 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
13%
1-4 years
54%
5-9 years
21%
10-19 years
10%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 83%
vision benefits
Vision: 69%
no benefits
None: 9%