The average salary for a Sourcing Associate is $59,646.
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What Do Sourcing Associates Do?
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.
Job Satisfaction for Sourcing Associate
Popular Employer Salaries for Sourcing Associate
The top respondents for the job title Sourcing Associate are from the companies Bristol-Myers Squibb Company, Amgen Corporation and Starbucks Corporation. Reported salaries are highest at Starbucks Corporation where the average pay is $68,290. Other companies that offer high salaries for this role include Bristol-Myers Squibb Company, earning around $65,445. Duke Energy Corp pays the lowest at around $55,000. Amgen Corporation also pays on the lower end of the scale, paying $64,890.
Explore the most common career paths for Sourcing Associate. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner
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Strategic Sourcing Manager
Business Analyst (Unspecified Type)
Somewhat common (8 - 20%)
Sourcing Associate Job Listings
What Are Popular Skills for Sourcing Associates?
Skills in Sourcing, Vendor Management and Negotiation are correlated to pay that is above average. Skills that pay less than market rate include Project Management and Data Analysis.
What is the Pay by Experience Level for Sourcing Associates?
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 $50,409 based on 49 salaries. An early career Sourcing Associate with 1-4 years of experience earns an average total compensation of $58,987 based on 163 salaries. A mid-career Sourcing Associate with 5-9 years of experience earns an average total compensation of $64,877 based on 67 salaries. An experienced Sourcing Associate with 10-19 years of experience earns an average total compensation of $64,947 based on 26 salaries. In their late career (20 years and higher), employees earn an average total compensation of $88,437.
Pay Difference by Location
Employees with Sourcing Associate in their job title in Seattle, Washington earn an average of 14.5% more than the national average. These job titles also find higher than average salaries in New York, New York (11.0% more) and San Francisco, California (9.4% more). The lowest salaries can be found in Chicago, Illinois (3.8% less) and Charlotte, North Carolina (0.0% less).
Years of Experience
This data is based on 314 survey responses.