How Much Do Sourcing Specialists Make?
Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary sourcing specialists make, you've come to the right place.
Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for sourcing specialists and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of sourcing specialists are offering as compensation.
Keep reading to learn more about how much sourcing specialists can expect to make in the United States.
At a Glance: Salary & Jobs for Sourcing Specialists
According to data from 2023, there were about 487,157 positions for sourcing specialists in the United States. In terms of salary, the national median salary for sourcing specialists was reported to be $71,947. Additionally, when examining job demand, employers across the country posted 178,195 job postings related to positions for sourcing specialists.
How Much Money Do Sourcing Specialists Make?
Median salary is just one data point. To build a better understanding of how much money sourcing specialists and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.
Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for sourcing specialists.
Annual Salary for Sourcing Specialists
According to the BLS, the lowest earners for sourcing specialists and related professions earned about $43,680 per year in 2023. Meanwhile, at the other end of the spectrum, the highest earners made about $121,680 annually.
As mentioned previously, the median salary for sourcing specialists in the United States in 2023 was $71,947.
Annual Salary Range For Sourcing Specialists In 2023
Hourly Salary for Sourcing Specialists
The BLS also breaks down compensation for sourcing specialists by hourly salary, and the median average hourly pay for sourcing specialists in 2023 was $35. Lowest hourly earners took home $21 while the highest reported hourly salaries for sourcing specialists was $59.
Hourly Salary Range For Sourcing Specialists In 2023
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Degree Options for Sourcing Specialists
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Advertised Compensation for Sourcing Specialists
Data from the BLS is one way to dig into compensation for sourcing specialists, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for sourcing specialists.
Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™
Annual Salary from Job Postings for Sourcing Specialists
Advertised Annual Salary
During a review of 175,858 job postings related to sourcing specialists, advertised salary was included in 66,470 of them, which was 38%. Based on those postings, the median advertised salary for sourcing specialists was $75,136 per year.
Hourly Salary from Job Postings for Sourcing Specialists
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for sourcing specialists. Based on 37% of postings with advertised compensation, the median hourly salary for open positions for sourcing specialists in the United States is about $36.
Salary Trend for Sourcing Specialists
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for sourcing specialists. The chart below provides a snapshot of advertised salaries over the past three years.
Based on compensation data that was included in job postings for sourcing specialists dating back to September 2020, advertised salaries for sourcing specialists have increased 25%.
Advertised Wage Trend For Sourcing Specialists
What's the Job Growth for Sourcing Specialists?
Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for sourcing specialists over the next 10 years.
According to the data obtained through Lightcast,™ there were 486,036 jobs for sourcing specialists in the United States in 2023. By 2033, it is expected that about 5,972 jobs will be removed. That's a 1.2% decrease over the next 10-year period.
Employment Projections For Sourcing Specialists
Additional Links
Ready to dig deeper into career information about sourcing specialists? Visit our other pages focused on salary and education for sourcing specialists.
What do sourcing specialists do?
Sourcing Specialists: How do you become one?
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