Sourcing Associate salary in Monaco

Average Yearly Salary of Sourcing Associate in Monaco is approximately 232,476 EUR (232,151 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Sourcing Associate do?

A sourcing associate is responsible for identifying and evaluating potential suppliers or vendors for a company's products or services. They play a crucial role in the procurement process, ensuring that the company obtains high-quality goods or services at the best possible price. Sourcing associates conduct market research to identify potential suppliers, negotiate contracts and terms, and manage relationships with existing suppliers. They analyze supplier performance and make recommendations for improvement. Additionally, they monitor market trends and industry developments to stay updated on new suppliers and technologies. Strong analytical and negotiation skills are essential for this role, as well as excellent communication and relationship-building abilities.

Skills: sourcing associate, procurement, supplier management, market research, negotiation skills, supplier performance analysis
Job industry: Retail

How much does Sourcing Associate make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Sourcing Associate a well paid job?

Yes, our data shows that Sourcing Associate is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Sourcing Associate?

High salary for Sourcing Associate would be somewhere between 255,724 EUR and 337,090 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Sourcing Associate in Monaco?

Living in Monaco the approximate monthly expenses are: 7,443 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 232,476 EUR
Estimated Monthly Salary: 19,373 EUR
Estimated Weekly Salary: 4,471 EUR per week
Estimated Hourly Salary: 112 EUR per hour
By working as Sourcing Associate a person can save up to 11,903 USD per month or 142,833 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Monaco, see costs of living in Monaco.

Salary comparison to region and neighbouring coutries

Country's neighbours are: France, Italy.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Sourcing Associate

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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