Avg. Base Salary (USD)
The average salary for a Strategic Sourcing Manager is $97,196 in 2023
What is the Pay by Experience Level for Strategic Sourcing Managers?
An entry-level Strategic Sourcing Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $67,566 based on 10 salaries. An early career Strategic Sourcing Manager with 1-4 years of experience earns an average total compensation of $84,514 based on 203 …Read more
What Do Strategic Sourcing Managers Do?
Strategic sourcing managers are responsible for directing and analyzing how a business spends money. Their ultimate goal is to make sure the business is cost effective so it maintains higher profit margins and a competitive advantage. The research that strategic sourcing managers conduct drives the purchasing decisions for the business. They are expected to rigorously locate and analyze new opportunities and developments for the business. When plans are adopted, these managers also may have to …Read more
How do Strategic Sourcing Managers Rate Their Jobs?
FAQs About Strategic Sourcing Managers
What is the highest pay for Strategic Sourcing Managers?
Our data indicates that the highest pay for a Strategic Sourcing Manager is $128k / year
What is the lowest pay for Strategic Sourcing Managers?
Our data indicates that the lowest pay for a Strategic Sourcing Manager is $71k / year
How can Strategic Sourcing Managers increase their salary?
Increasing your pay as a Strategic Sourcing Manager is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Strategic Sourcing Manager that oversees more junior Strategic Sourcing Managers, this experience can increase the likelihood to earn more.