How To Become A Senior Sourcing Analyst: What It Is and Career Path

What is a senior sourcing analyst and how to become one

Updated January 8, 2025

3 min read

Senior sourcing analysts supervise a team of sourcing analysts whose job is to gather and analyze data related to the products, services, and operations of a company. Sourcing analysts might price production materials from different vendors, evaluate the efficiency of vendors and conduct analysis to determine which suppliers meet the company's needs the most. Based on this analysis, the senior sourcing analyst then recommends the best cost strategies. You are also expected to revise and update the contract management database, permit accurate tracking, renewal, and termination of company agreements. You will, in addition, be responsible for procurement activity across certain departments in the organization.

Senior sourcing analysts earn an average of $73,000 annually at a rate of $35 per hour. Most senior sourcing analysts typically hold a bachelor's degree or master's degree in engineering, supply chain management, finance, and other related fields. The most important skills for a top senior sourcing analyst are analytical skills, intelligence analysis, strategic sourcing, DOD, CI, and cost reduction.

ScoreSenior Sourcing AnalystUS Average

Salary

6.6

Avg. Salary $84,801

Avg. Salary $59,228

Stability level

7.9

Growth rate 3%

Growth rate 0.3%

Diversity

4.3

Race

American Indian and Alaska Native 0.78%

Asian 7.84%

Black or African American 9.09%

Hispanic or Latino 12.45%

Unknown 4.41%

White 65.43%

Gender

female 37.16%

male 62.84%

Age - 49

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 49

Stress level

7.9

Stress level is high

7.1 - high

Complexity level

8.9

Complexity level is advanced

7 - challenging

Work life balance

4.1

Work life balance is poor

6.4 - fair

Key steps to become a senior sourcing analyst

Explore senior sourcing analyst education requirements

Most common senior sourcing analyst degrees

Bachelor's

70.2 %

Master's

16.9 %

Associate

10.0 %

Start to develop specific senior sourcing analyst skills

Skills	Percentages
DOD	7.08%
CI	6.88%
Intelligence Analysis	6.67%
Strategic Sourcing	6.35%
Intelligence Community	4.34%

Complete relevant senior sourcing analyst training and internships

Accountants spend an average of Less than 1 month on post-employment, on-the-job training. New senior sourcing analysts learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a senior sourcing analyst based on U.S. Bureau of Labor Statistics data and data from real senior sourcing analyst resumes.

Research senior sourcing analyst duties and responsibilities

Generate candidate pipeline by sourcing passive candidates using company database, LinkedIn, marketing campaign leads, personal/professional networking leads/referrals.
Prepare RFI, RFQ and RFP documents and intercede in the decision-making process involving vendor selection and negotiations.
Assist in liaison efforts with other DoD intelligence organizations making an improvement in products and processes.
Utilize SIGINT databases to accurately draft product reports and respond to requests for information supporting C7F.

Get senior sourcing analyst experience

Generally, it takes 4-6 years to become a senior sourcing analyst. The most common roles before becoming a senior sourcing analyst include intelligence analyst, all-source analyst team lead and buyer.

Prepare your senior sourcing analyst resume

When your background is strong enough, you can start writing your senior sourcing analyst resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a senior sourcing analyst resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

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