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Working as a Senior Sourcing Analyst

Senior sourcing analysts are responsible for supervising sourcing analysts. These sourcing analysts are tasked with collecting and analyzing data that relates to the products and services that a company uses in operations. They actively evaluate multiple sourcing strategies in order to identify and recommend the best cost strategies and conduct analysis to assess how suppliers fit the business needs.

Senior sourcing analysts earn an average salary of $73,000 annually or $35 per hour. They revise and update the contract management database, permit accurate tracking, renewal, and termination of company agreements. They are responsible for the operational procurement activity across certain departments/products together with the duties associated with the procurement team analyst.

In terms of academic qualifications, senior sourcing analysts typically hold a bachelor's or master's degree in engineering, supply chain management, finance, or other related fields. They are expected to have proven work experience as a sourcing analyst. Some employers prefer candidates who are empathetic with sound leadership skills to boot.

There is more than meets the eye when it comes to being a senior sourcing analyst. For example, did you know that they make an average of $35.28 an hour? That's $73,391 a year!

What Does a Senior Sourcing Analyst Do

There are certain skills that many senior sourcing analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed empathy, good judgment and leadership skills.

When it comes to the most important skills required to be a senior sourcing analyst, we found that a lot of resumes listed 10.8% of senior sourcing analysts included intelligence analysis, while 7.0% of resumes included strategic sourcing, and 6.6% of resumes included dod. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the senior sourcing analyst job title. But what industry to start with? Most senior sourcing analysts actually find jobs in the manufacturing and technology industries.

How To Become a Senior Sourcing Analyst

If you're interested in becoming a senior sourcing analyst, one of the first things to consider is how much education you need. We've determined that 51.3% of senior sourcing analysts have a bachelor's degree. In terms of higher education levels, we found that 34.2% of senior sourcing analysts have master's degrees. Even though most senior sourcing analysts have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a senior sourcing analyst. When we researched the most common majors for a senior sourcing analyst, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on senior sourcing analyst resumes include associate degree degrees or high school diploma degrees.

You may find that experience in other jobs will help you become a senior sourcing analyst. In fact, many senior sourcing analyst jobs require experience in a role such as all-source analyst. Meanwhile, many senior sourcing analysts also have previous career experience in roles such as intelligence analyst or senior intelligence analyst.

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Average Salary$73,391
Job Growth Rate5%

Senior Sourcing Analyst Career Paths

Top Careers Before Senior Sourcing Analyst

Top Careers After Senior Sourcing Analyst

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Average Salary for a Senior Sourcing Analyst

Senior Sourcing Analysts in America make an average salary of $73,391 per year or $35 per hour. The top 10 percent makes over $91,000 per year, while the bottom 10 percent under $58,000 per year.
Average Salary
$73,391

Best Paying Cities

City
Average Salary
San Francisco, CA
Salary Range75k - 119k$95k$95,337
Urban Honolulu, HI
Salary Range74k - 98k$86k$85,617
Seattle, WA
Salary Range71k - 102k$86k$85,536
Washington, DC
Salary Range69k - 103k$85k$84,860
Phoenix, AZ
Salary Range66k - 103k$83k$83,286
Pittsburgh, PA
Salary Range67k - 101k$82k$82,480
$55k
$119k

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Senior Sourcing Analyst
Senior Sourcing Analyst
Ohio State University Wexner Medical Center
Ohio State University Wexner Medical Center
10/26/2020
10/26/2020
$68,00010/26/2020
$68,000
Senior Sourcing Analyst
Senior Sourcing Analyst
Federal Reserve Bank
Federal Reserve Bank
11/17/2019
11/17/2019
$82,00011/17/2019
$82,000
Sourcing Analyst-Senior
Sourcing Analyst-Senior
Cummins Inc.
Cummins Inc.
09/06/2019
09/06/2019
$72,40009/06/2019
$72,400
Senior Sourcing Analyst
Senior Sourcing Analyst
Federal Reserve Bank
Federal Reserve Bank
08/13/2019
08/13/2019
$82,00008/13/2019
$82,000
Sourcing Analyst-Senior
Sourcing Analyst-Senior
Cummins Inc.
Cummins Inc.
08/02/2019
08/02/2019
$72,40008/02/2019
$72,400
See More Recent Salaries

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Senior Sourcing Analyst Demographics

Gender

male

60.3 %

female

35.6 %

unknown

4.1 %

Ethnicity

White

71.2 %

Hispanic or Latino

10.6 %

Black or African American

8.8 %

Foreign Languages Spoken

Spanish

25.8 %

Portuguese

12.9 %

French

12.9 %
See More Demographics

Senior Sourcing Analyst Education

Degrees

Bachelors

51.3 %

Masters

34.2 %

Certificate

5.9 %

Top Colleges for Senior Sourcing Analysts

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

3. SUNY Farmingdale

Farmingdale, NY • Public

In-State Tuition
$8,306
Enrollment
9,394

4. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

5. University of Minnesota - Twin Cities

Minneapolis, MN • Public

In-State Tuition
$14,760
Enrollment
31,451

6. SUNY College at Plattsburgh

Plattsburgh, NY • Public

In-State Tuition
$8,369
Enrollment
5,229

7. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083

8. Baylor University

Waco, TX • Private

In-State Tuition
$45,542
Enrollment
14,159

9. SUNY College of Technology at Alfred

Alfred, NY • Public

In-State Tuition
$8,570
Enrollment
3,721

10. Syracuse University

Syracuse, NY • Private

In-State Tuition
$51,853
Enrollment
14,759
See More Education Info
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Internship
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Top Skills For a Senior Sourcing Analyst

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 10.8% of senior sourcing analysts listed intelligence analysis on their resume, but soft skills such as empathy and good judgment are important as well.

Best States For a Senior Sourcing Analyst

Some places are better than others when it comes to starting a career as a senior sourcing analyst. The best states for people in this position are California, Hawaii, Washington, and Pennsylvania. Senior sourcing analysts make the most in California with an average salary of $89,709. Whereas in Hawaii and Washington, they would average $85,362 and $85,096, respectively. While senior sourcing analysts would only make an average of $83,873 in Pennsylvania, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. California

Total Senior Sourcing Analyst Jobs:
947
Highest 10% Earn:
$138,000
Location Quotient:
1.04
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Virginia

Total Senior Sourcing Analyst Jobs:
729
Highest 10% Earn:
$117,000
Location Quotient:
2.6
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Pennsylvania

Total Senior Sourcing Analyst Jobs:
205
Highest 10% Earn:
$124,000
Location Quotient:
0.66
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Senior Sourcing Analyst Employers

1. Cummins
4.7
Avg. Salary: 
$69,771
Senior Sourcing Analysts Hired: 
26+
2. Target
4.6
Avg. Salary: 
$83,614
Senior Sourcing Analysts Hired: 
21+
3. A.T. Kearney
4.9
Avg. Salary: 
$96,475
Senior Sourcing Analysts Hired: 
13+
4. United States Army
4.0
Avg. Salary: 
$82,417
Senior Sourcing Analysts Hired: 
12+
5. Merck & Co.
4.8
Avg. Salary: 
$78,457
Senior Sourcing Analysts Hired: 
9+
6. ITW
4.6
Avg. Salary: 
$68,999
Senior Sourcing Analysts Hired: 
7+

Senior Sourcing Analyst Videos

Updated October 2, 2020