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Average Strategic Sourcing Manager Salary

$92,521
Avg. SalaryShow Hourly Rate
$9,582
Bonus
$4,826
Profit Sharing
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The average salary for a Strategic Sourcing Manager is $92,521.
10%
$64k
MEDIAN
$93k
90%
$122k
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Salary
$64k - $122k
Bonus
$2k - $19k
Profit Sharing
$505 - $11k
Total Pay
$64k - $134k
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What Do Strategic Sourcing Managers Do?

Strategic Sourcing Manager Tasks
  • Manage procurement and sourcing policies and activities, including overseeing specific contracts.
  • Conduct market research, create estimates and forecasts, and identify cost reduction strategies.
  • Hire, train, and manage sourcing team.
  • Negotiate with suppliers and vendors for contracts for timely supplies at fair prices and in compliance with regulations.

Job Satisfaction for Strategic Sourcing Manager

4 out of 5
(175)
Highly Satisfied
14Reviews

Popular Employer Salaries for Strategic Sourcing Manager

The top respondents for the job title Strategic Sourcing Manager are from the companies Cargill, Ericsson Inc. and Morgan Stanley. Reported salaries are highest at Facebook Inc where the average pay is $125,208. Other companies that offer high salaries for this role include Fiserv Inc and Cardinal Health, Inc., earning around $117,447 and $88,495, respectively. Morgan Stanley pays the lowest at around $72,064. Jones Lang LaSalle and Ericsson Inc. also pay on the lower end of the scale, paying $84,000 and $84,497, respectively.

Career Paths

Explore the most common career paths for Strategic Sourcing Manager. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Strategic Sourcing Manager
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Strategic Sourcing Manager Job Listings

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What Are Popular Skills for Strategic Sourcing Managers?

Skills in Contract Negotiation, Sourcing, Supplier Management and Negotiation are correlated to pay that is above average. Skills that pay less than market rate include Procurement.

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 $71,623 based on 9 salaries. An early career Strategic Sourcing Manager with 1-4 years of experience earns an average total compensation of $82,747 based on 231 salaries. A mid-career Strategic Sourcing Manager with 5-9 years of experience earns an average total compensation of $93,657 based on 374 salaries. An experienced Strategic Sourcing Manager with 10-19 years of experience earns an average total compensation of $99,187 based on 397 salaries. In their late career (20 years and higher), employees earn an average total compensation of $102,257.
Employees with Strategic Sourcing Manager in their job title in San Francisco, California earn an average of 25.2% more than the national average. These job titles also find higher than average salaries in Atlanta, Georgia (8.6% more) and Dallas, Texas (6.8% more). The lowest salaries can be found in Minneapolis, Minnesota (3.7% less), New York, New York (1.7% less) and Chicago, Illinois (1.2% less).

Years of Experience

This data is based on 1,131 survey responses.
Entry Level
0.8%
Early Career
20.4%
Mid Career
33.1%
Experienced
35.1%
Late Career
10.6%

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