Home > Salary > Monaco > Sr. Strategic Sourcing Manager
A Senior Strategic Sourcing Manager is responsible for developing and implementing strategies to optimize an organization's procurement processes. They lead a team of sourcing professionals to identify, evaluate, and negotiate with suppliers to obtain the best value for goods and services. This role involves analyzing market trends, identifying potential suppliers, managing supplier contracts, and ensuring compliance with company policies and regulations. The Senior Strategic Sourcing Manager collaborates with cross-functional teams, such as finance, operations, and legal, to align sourcing strategies with business objectives and drive cost savings. They also monitor supplier performance, resolve issues, and implement continuous improvement initiatives to enhance efficiency and quality.
Estimated Yearly Salary: 429,052 EUR
Estimated Monthly Salary: 35,754 EUR
Estimated Weekly Salary: 8,251 EUR per week
Estimated Hourly Salary: 206 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 34,650 EUR
Estimated Weekly Salary: 7,996 EUR per week
Estimated Hourly Salary: 200 EUR per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 430,842 USD
Estimated Monthly Salary: 35,904 USD
Estimated Weekly Salary: 8,285 USD per week
Estimated Hourly Salary: 207 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 429,052 EUR
Estimated Monthly Salary: 35,754 EUR
Estimated Weekly Salary: 8,251 EUR per week
Estimated Hourly Salary: 206 EUR per hour
By working as Sr. Strategic Sourcing Manager a person can save up to 28,460 USD per month or 341,524 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.
Estimated Yearly Salary for Sr. Strategic Sourcing Manager
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Data center technician (182,933 EUR per year, pre-tax.)
Senior drafter (154,990 EUR per year, pre-tax.)
Telesales executive (119,668 EUR per year, pre-tax.)
Martial arts instructor (92,632 EUR per year, pre-tax.)
Senior solutions architect (413,875 EUR per year, pre-tax.)
Sr. Strategic Sourcing Manager salary in Monaco
Average Yearly Salary of Sr. Strategic Sourcing Manager in Monaco is approximately 429,052 EUR (430,842 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 Sr. Strategic Sourcing Manager do?
A Senior Strategic Sourcing Manager is responsible for developing and implementing strategies to optimize an organization's procurement processes. They lead a team of sourcing professionals to identify, evaluate, and negotiate with suppliers to obtain the best value for goods and services. This role involves analyzing market trends, identifying potential suppliers, managing supplier contracts, and ensuring compliance with company policies and regulations. The Senior Strategic Sourcing Manager collaborates with cross-functional teams, such as finance, operations, and legal, to align sourcing strategies with business objectives and drive cost savings. They also monitor supplier performance, resolve issues, and implement continuous improvement initiatives to enhance efficiency and quality.
Skills: Strategic Sourcing, Procurement Management, Supplier Negotiation, Contract Management, Cost Optimization, Cross-Functional Collaboration
Job industry: Procurement
Job industry: Procurement
How much does Sr. Strategic Sourcing Manager make?
Salary details
How much does Sr. Strategic Sourcing Manager make?Estimated Yearly Salary: 429,052 EUR
Estimated Monthly Salary: 35,754 EUR
Estimated Weekly Salary: 8,251 EUR per week
Estimated Hourly Salary: 206 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 415,796 EUREstimated Monthly Salary: 34,650 EUR
Estimated Weekly Salary: 7,996 EUR per week
Estimated Hourly Salary: 200 EUR per hour
Last revision of data: 2024-01-07Sr. Strategic Sourcing Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 430,842 USD
Estimated Monthly Salary: 35,904 USD
Estimated Weekly Salary: 8,285 USD per week
Estimated Hourly Salary: 207 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Monaco is a small sovereign city-state located on the French Riviera. With a population of approximately 38,000 people, it is the second smallest country in the world by population. Covering an area of just 2.02 square kilometers, Monaco is also one of the most densely populated countries globally.
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Sr. Strategic Sourcing Manager job salary compared to average salary in Monaco.
Comparison shows that a person working as Sr. Strategic Sourcing Manager in Monaco earns on average:
2.52 times the average salary (or 252% of average salary).
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Sr. Strategic Sourcing Manager job salary compared to average salary in Monaco.
Comparison shows that a person working as Sr. Strategic Sourcing Manager in Monaco earns on average:
2.52 times the average salary (or 252% of average salary).
Is Sr. Strategic Sourcing Manager a well paid job?
Yes, our data show that Sr. Strategic Sourcing Manager is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Sr. Strategic Sourcing Manager?
High salary for Sr. Strategic Sourcing Manager would be somewhere between 471,957 EUR and 622,125 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Sr. Strategic Sourcing Manager 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: 429,052 EUR
Estimated Monthly Salary: 35,754 EUR
Estimated Weekly Salary: 8,251 EUR per week
Estimated Hourly Salary: 206 EUR per hour
By working as Sr. Strategic Sourcing Manager a person can save up to 28,460 USD per month or 341,524 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 Sr. Strategic Sourcing Manager
France is 106,078 USD
Italy is 87,116 USD Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Monaco
(1,948,030 EUR per year, pre-tax.)
2. Cardiologist
(1,613,197 EUR per year, pre-tax.)
(1,564,314 EUR per year, pre-tax.)
4. Neurosurgeon
(1,512,413 EUR per year, pre-tax.)
(1,512,144 EUR per year, pre-tax.)
(1,480,748 EUR per year, pre-tax.)
7. Urologist
(1,478,011 EUR per year, pre-tax.)
(1,476,615 EUR per year, pre-tax.)
9. Oncologist
(1,474,879 EUR per year, pre-tax.)
(1,470,635 EUR per year, pre-tax.)
Data as of 2025Random salary:
Data center technician (182,933 EUR per year, pre-tax.)
Senior drafter (154,990 EUR per year, pre-tax.)
Telesales executive (119,668 EUR per year, pre-tax.)
Martial arts instructor (92,632 EUR per year, pre-tax.)
Senior solutions architect (413,875 EUR per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=monaco&job=sr.-strategic-sourcing-manager'><img src='https://optisalary.com/wp-content/graphs/salary/sr.-strategic-sourcing-manager-salary-in-monaco-2025.jpg' alt='sr. strategic sourcing manager salary in monaco 2025' title='sr. strategic sourcing manager salary in monaco 2025' /></a>
Please note:Salary data displayed on this site is informational exclusively.
All salary figures on this website are for reference use only. We compile data from numerous reliable databases, yet do not guarantee complete precision. Before making career choices, users should consult additional authoritative sources. Salaries fluctuate due to several influences, including negotiation skills, industry demand, and experience levels. We deny any responsibility for errors in the salary estimates provided here. Your use with this website indicates agreement of this disclaimer.
The salary estimates on this website are meant for informational purposes only. We compile salary data from multiple providers, but do not ensure absolute accuracy. Users must on their own confirm salaries before making career decisions. Salary variations occur due to company policies, negotiation skills, and experience levels. We disclaim any guarantee regarding the validity of the listed salary data. By using this site, you agree that salary data is not definitive.