How much does a Sourcing Manager make?
A Sourcing Manager plays a key role in finding and securing the best suppliers for a company. This job often comes with a rewarding salary. On average, Sourcing Managers earn about $114,206 per year. This figure can vary based on experience, location, and the company's size.
The salary range for Sourcing Managers can be quite broad. At the lower end, some professionals earn around $50,000 annually. As experience grows, the salary can increase significantly. The highest earners in this field can make over $200,000 per year. This wide range shows that there are many opportunities for growth and advancement in this career.
What are the highest paying cities for a Sourcing Manager?
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San Francisco, CA
Average Salary: $164,800
In San Francisco, sourcing professionals thrive in a tech-driven environment. Companies like Google and Salesforce offer dynamic opportunities. The city's vibrant culture enhances the work experience.
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San Jose, CA
Average Salary: $156,756
San Jose is a hub for tech companies, making it ideal for sourcing talent. With firms like Apple and Cisco, sourcing managers play a key role. The city's innovation-focused atmosphere is energizing.
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Austin, TX
Average Salary: $153,033
Austin offers a unique blend of tech and culture. Companies like Dell and IBM provide exciting sourcing challenges. The city's laid-back vibe makes work enjoyable.
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San Diego, CA
Average Salary: $133,994
San Diego combines beautiful weather with a strong tech scene. Companies like Qualcomm and Illumina offer great sourcing roles. The coastal lifestyle adds a pleasant work-life balance.
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Seattle, WA
Average Salary: $132,803
Seattle's tech industry is booming, with giants like Amazon and Microsoft. Sourcing managers here enjoy a vibrant community. The city's natural beauty enhances the overall experience.
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Hartford, CT
Average Salary: $130,780
Hartford offers a mix of insurance and tech companies. Firms like Aetna and United Technologies provide solid sourcing opportunities. The city's rich history adds to its charm.
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Nashville, TN
Average Salary: $128,509
Nashville is known for its music and growing tech sector. Companies like Bridgestone and LifePoint Health offer diverse sourcing roles. The city's friendly atmosphere is welcoming.
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Boston, MA
Average Salary: $127,181
Boston's rich history and strong tech presence make it a great place for sourcing. Companies like General Electric and Liberty Mutual offer exciting opportunities. The city's academic environment adds to its appeal.
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Raleigh, NC
Average Salary: $121,379
Raleigh is a hub for research and tech. Companies like Red Hat and IBM offer dynamic sourcing roles. The city's vibrant culture enhances the work experience.
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Los Angeles, CA
Average Salary: $121,342
Los Angeles offers a diverse job market with companies like Amazon and Sony. Sourcing managers here enjoy a dynamic and creative environment. The city's entertainment industry adds to its appeal.
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What are the best companies a Sourcing Manager can work for?
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OpenAI
Average Salary: $286,731
OpenAI offers exciting Sourcing Manager roles with a focus on innovation. The company operates globally, with key locations in San Francisco, California, and Toronto, Ontario.
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Apple
Average Salary: $196,264
Apple provides a dynamic environment for Sourcing Managers. The company has major offices in Cupertino, California, and Austin, Texas.
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Intuit
Average Salary: $181,684
Intuit offers rewarding Sourcing Manager positions. The company is headquartered in Mountain View, California, and has additional offices in Atlanta, Georgia.
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Microsoft
Average Salary: $174,404
Microsoft provides a competitive salary for Sourcing Managers. The company operates worldwide, with significant offices in Redmond, Washington, and Hyderabad, India.
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PwC
Average Salary: $166,000
PwC offers excellent opportunities for Sourcing Managers. The company has offices in major cities like New York, New York, and London, UK.
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Amazon.com
Average Salary: $164,430
Amazon.com provides a high-paying role for Sourcing Managers. The company operates in many locations, including Seattle, Washington, and Luxembourg.
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Crowe LLP
Average Salary: $163,450
Crowe LLP offers a lucrative position for Sourcing Managers. The company has offices in Chicago, Illinois, and Toronto, Ontario.
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Xcel Energy
Average Salary: $148,858
Xcel Energy provides a stable role for Sourcing Managers. The company operates in Minneapolis, Minnesota, and Denver, Colorado.
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Deloitte
Average Salary: $144,080
Deloitte offers a rewarding position for Sourcing Managers. The company has offices in New York, New York, and London, UK.
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FedEx
Average Salary: $136,604
FedEx offers a competitive salary for Sourcing Managers. The company operates in major cities like Memphis, Tennessee, and Toronto, Ontario.
How to earn more as a Sourcing Manager?
To earn more as a Sourcing Manager, focus on key areas that can boost your value and salary. Start by gaining expertise in your field. This means understanding the latest trends and technologies in sourcing. It also means knowing how to negotiate effectively. Building a strong network can open up new opportunities. This includes connecting with other professionals and attending industry events. Another factor is taking on leadership roles. This could mean managing larger teams or projects. Finally, always seek feedback and work on improving your skills.
Consider these factors to increase your earning potential. First, specialize in a niche area of sourcing. This could be in technology, manufacturing, or another sector. Second, get certified in sourcing or related fields. This adds credibility and value. Third, aim for a role in a high-demand industry. Industries like tech or healthcare often offer higher salaries. Fourth, focus on developing soft skills. Skills like communication and problem-solving are valuable. Lastly, stay updated with market trends. This helps you make better decisions and stay competitive.
By focusing on these areas, a Sourcing Manager can position themselves for higher earnings. Specialization, certification, industry choice, soft skills, and market knowledge all play a role. These steps can lead to better job opportunities and a higher salary.
