As of July 01, 2026, the average salary for a Raw Material Sourcing Analyst I in New Mexico is $64,530 per year, which breaks down to an hourly rate of $31.
However, a Raw Material Sourcing Analyst I's salary can vary significantly. Here’s a look at the typical salary range:
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A Raw Material Sourcing Analyst I's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of a Raw Material Sourcing Analyst I's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Entry Level Raw Material Sourcing Analyst I | $64,127 |
| Intermediate Level Raw Material Sourcing Analyst I | $64,578 |
| Senior Level Raw Material Sourcing Analyst I | $64,954 |
| Specialist Level Raw Material Sourcing Analyst I | $65,029 |
| Expert Level Raw Material Sourcing Analyst I | $65,079 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Raw Material Sourcing Analyst Is. For example, consider the average annual salaries in these key locations:
Raw Material Sourcing Analyst I salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $72,176. While startup companies pay approximate $61,040.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $61,040 |
| Growth Stage | 51~500 | $64,559 |
| Established | 501~5000 | $69,700 |
| Enterprise | 5000+ | $72,176 |
For Raw Material Sourcing Analyst I roles, the industry you choose can affect earning potential by as much as 37% (the gap between the highest and lowest paying industries). Data shows that the Biotechnology and Financial Services sectors offer the strongest compensation, at 25% above the average. In contrast, Raw Material Sourcing Analyst positions in Transportation or Retail & Wholesale typically offer lower base pay, as these industries often view Raw Material Sourcing Analyst I as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Biotechnology | $80,662 | $39.0 | 25% |
| Financial Services | $80,662 | $39.0 | 25% |
| Pharmaceuticals | $80,662 | $39.0 | 25% |
| Software & Networking | $80,662 | $39.0 | 25% |
Understanding how a Raw Material Sourcing Analyst I's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on July 01, 2026Promotions are the fastest way to increase your earnings. As a Raw Material Sourcing Analyst I, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Materials Sourcing Specialist II | $75,000 | 16% |
| Strategic Supplier Sourcing Specialist II | $75,000 | 16% |
| Responsible Sourcing Manager | $119,200 | 85% |
Ready to take the next step in your career? Browse thousands of current Raw Material Sourcing Analyst I job openings on our job board. Use the search bar below to find your perfect match.
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