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The differences between buying analysts and management analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a buying analyst, becoming a management analyst takes usually requires 2-4 years. Additionally, a buying analyst has an average salary of $77,425, which is higher than the $69,804 average annual salary of a management analyst.
The top three skills for a buying analyst include purchase orders, delivery schedules and MRP. The most important skills for a management analyst are customer service, project management, and logistics.
| Buying Analyst | Management Analyst | |
| Yearly salary | $77,425 | $69,804 |
| Hourly rate | $37.22 | $33.56 |
| Growth rate | 11% | 11% |
| Number of jobs | 22,966 | 169,171 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 66% |
| Average age | 48 | 44 |
| Years of experience | 6 | 4 |
A buying analyst specializes in conducting extensive market research and analysis to develop conclusions and recommendations that will help companies in making purchase decisions. They focus on studying the suppliers and competing companies, gathering and analyzing consumer feedback, performing audits and risk assessments, and making forecast models. They may also assess and evaluate external parties, such as vendors and distributors. Through the findings of their research, a buying analyst may also help in establishing guidelines, protocols, and methods to optimize business operations and develop solutions against problem areas.
A management analyst is responsible for monitoring the efficiency and effectiveness of management operations, providing strategic advice and procedures to improve its services, and building excellent relationships with customers and business partners. Management analysts identify business opportunities that would help the business generate more revenues and meet long-term profitability goals. They develop techniques in maximizing productivity and optimization, recommending new systems, and upgrading existing processes. A management analyst must have excellent critical thinking and communication skills, especially when evaluating complex data and performance reports.
Buying analysts and management analysts have different pay scales, as shown below.
| Buying Analyst | Management Analyst | |
| Average salary | $77,425 | $69,804 |
| Salary range | Between $52,000 And $113,000 | Between $49,000 And $98,000 |
| Highest paying City | Palo Alto, CA | Washington, DC |
| Highest paying state | Washington | New Jersey |
| Best paying company | YellowHammer | The Citadel |
| Best paying industry | Finance | Professional |
There are a few differences between a buying analyst and a management analyst in terms of educational background:
| Buying Analyst | Management Analyst | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between buying analysts' and management analysts' demographics:
| Buying Analyst | Management Analyst | |
| Average age | 48 | 44 |
| Gender ratio | Male, 52.2% Female, 47.8% | Male, 46.5% Female, 53.5% |
| Race ratio | Black or African American, 9.1% Unknown, 4.4% Hispanic or Latino, 12.4% Asian, 7.4% White, 65.9% American Indian and Alaska Native, 0.8% | Black or African American, 8.4% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 12.7% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |