Average Strategic Sourcing Manager Salary in Chicago, Illinois

$89,455
Avg. Salary
$10,137
Bonus
$4,913
Profit Sharing
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The average salary for a Strategic Sourcing Manager in Chicago, Illinois is $89,455.
10%
$58k
10%
$89k
50%
$117k
90%
90%
MEDIAN $89,455
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United States (change)
Salary
$58k - $117k
Bonus
$4k - $20k
Profit Sharing
$2k - $7k
Total Pay
$60k - $129k

Your Market Worth Over Time

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Job Description for Strategic Sourcing Manager

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.

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
Sr. Strategic Sourcing Manager
Director, Strategic Sourcing
Procurement Manager
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Strategic Sourcing Manager Job Listings

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Popular Skills for Strategic Sourcing Manager

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

Pay by Experience Level for Strategic Sourcing Manager

An early career Strategic Sourcing Manager with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $83,055 based on 15 salaries. A mid-career Strategic Sourcing Manager with 5-9 years of experience earns an average total compensation of $90,744 based on 13 salaries. An experienced Strategic Sourcing Manager with 10-19 years of experience earns an average total compensation of $104,995 based on 11 salaries. In their late career (20 years and higher), employees earn an average total compensation of $96,150.
Employees with Strategic Sourcing Manager in their job title in San Francisco, California earn an average of 25.7% more than the national average. These job titles also find higher than average salaries in Atlanta, Georgia (9.8% more) and Houston, Texas (9.7% more). The lowest salaries can be found in Charlotte, North Carolina (1.0% less) and Minneapolis, Minnesota (0.5% less).

Years of Experience

This data is based on 44 survey responses.
Early Career
34.1%
Mid Career
29.5%
Experienced
25.0%
Late Career
11.4%

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