A strategic sourcing manager is responsible for managing the procurement of goods and services for an organization.
The average annual salary for a strategic sourcing manager in the United States ranges from $51,071 to $180,000 depending on factors such as experience, location, and industry.
The average hourly wage for a strategic sourcing manager is typically $35.00 but can vary from $28.10 to $61.00.
The base salary for a strategic sourcing manager typically falls between $113,845 and $148,376.
Entry-level strategic sourcing managers can expect to earn around $70,578.
There are various ways to increase your pay as a Sourcing Manager. One option is to consider changing employers and seek out opportunities with higher pay scales. Another approach is to pursue advanced education, such as obtaining advanced degrees, which can open up opportunities for higher income potential and promotions.
The average pay range for a Strategic Sourcing Manager shows minimal variation, with an approximately $42,000 difference. This indicates that opportunities for salary growth or career advancement are limited, irrespective of geographical location, even for individuals with considerable experience.
In the United States area, the estimated total pay for a Strategic Sourcing professional is $119,576 per year. The average salary for this role is $90,203 per year. These figures represent the median, which is calculated based on data from our proprietary Total Pay Estimate model and salaries reported by our users.
Source: "Salary: Strategic Sourcing (May, 2023)" on Glassdoor
The salary range for Strategic Sourcing Managers in the US is between $51,071 and $180,000, with a median salary of $108,120.
In the United States, the average annual salary for a Strategic Sourcing Manager is $77,000, with salaries ranging from $61,700 to $103,700.
For entry-level Strategic Sourcing Managers with less than 1 year of experience, the average total compensation is $70,578 based on 11 salaries.
According to Glassdoor, Ericsson-Worldwide is currently the highest paying company in the Telecommunications industry for the position of Strategic Sourcing Manager.
When it comes to Operations roles, their importance has increased as employers adapt to a more globalized business landscape.
A minimum of 5 yearsâ experience in managing strategic sourcing projects for indirect goods and services contracting is required for this position. The candidate should have a BA/BS degree. They will be responsible for leading projects and/or teams in their role as a Strategic Sourcing Project Manager.
The total pay for a Strategic Sourcing Manager in the United States area is estimated to be $139,758 per year, with an average annual salary of $104,364. These figures reflect the median, which is the midpoint of the salary ranges obtained from our proprietary Total Pay Estimate model and data collected from users.
The average pay range for a Strategic Sourcing Manager shows minimal variation, around $42,000. This indicates that there are limited opportunities for higher pay or career advancement, regardless of geographical location or years of experience.
The Certified Professional in Supply Management is currently the most sought-after director of strategic sourcing certification based on the number of active job postings.
Holding this certification can provide individuals with more opportunities to secure director of strategic sourcing roles and potentially higher salaries.
A Sourcing/Purchasing position in an industrial goods environment requires a minimum of 5 years of experience.
The ideal candidate should have a Bachelor's degree in Science or Engineering from an accredited university or college.
In addition to the 5 years of overall work experience, at least 3 years should be in a Sourcing/Purchasing position specifically in the industrial goods environment.
Having certifications is crucial for a strategic sourcing manager in today's competitive job market as they serve as proof of the individual's expertise and capabilities required for the role.
ResumeCat provides a list of the top 11 strategic sourcing manager certifications, which can immensely strengthen a candidate's resume. You can refer to their blog post on strategic sourcing manager certifications to gain valuable insights.
According to PayScale research, an experienced Strategic Sourcing Manager with 5-9 years of experience earns an average total compensation of â¬75,000, based on 5 salaries. Meanwhile, an experienced Strategic Sourcing Manager with 10-19 years of experience earns an average total compensation of â¬73,470, based on 5 salaries in Ireland.