The average salary for a Sourcing Associate is $58,143.
Is Sourcing Associate your job title? Get a personalized salary report!
$39k - $81k
$395 - $8k
$1k - $8k
$36k - $82k
Your Market Worth Over Time
How has your pay changed over time for your market? Find out by taking our salary quiz.
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. Generally, a minimum of a bachelor’s degree is required for this position. The position requires someone with high analytical, communication, and negotiation skills. Computer skills will be used for many aspects of the job.…Read more
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.
Pay Difference by Location
Learn more about cost of living by city.
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.
Related Job Salaries
$48k - $111k
$42k - $83k
$45k - $80k
$28k - $55k
$51k - $96k
$53k - $98k
$41k - $102k
$55k - $125k
$40k - $76k
$32k - $67k