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The differences between commodity analysts and contracts administrators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a commodity analyst and a contracts administrator. Additionally, a commodity analyst has an average salary of $87,261, which is higher than the $52,876 average annual salary of a contracts administrator.
The top three skills for a commodity analyst include risk management, commodities and macro. The most important skills for a contracts administrator are contract administration, customer service, and contract management.
| Commodity Analyst | Contracts Administrator | |
| Yearly salary | $87,261 | $52,876 |
| Hourly rate | $41.95 | $25.42 |
| Growth rate | 11% | -6% |
| Number of jobs | 11,130 | 58,038 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 61% |
| Average age | 48 | 48 |
| Years of experience | 6 | 6 |
A commodity analyst focuses on the raw material part of the stock market. This job can range from analyzing oil and electricity to soybeans and fruits. Typical tasks of a commodity analyst include monitoring the commodities and market industries, analyzing financial information, and drafting accurate reports for investors. This analyst requires at least a bachelor's degree in finance, economics, or a related field. Other qualifications include using computer software, a thorough knowledge of economics, and analytical skills.
Contract administrators create and manage legal contracts from which the company participates. They ensure that all entities to the contract will accomplish their obligations, as indicated in the contract. They usually work for larger organizations that might be involved with different or highly complex contracts. These organizations spread across a range of industries, including government, construction, and healthcare. Their responsibilities include addressing any conflicts of questions regarding the contract, analyzing the possible risks posed by contracts, and working alongside the legal and procurement teams.
Commodity analysts and contracts administrators have different pay scales, as shown below.
| Commodity Analyst | Contracts Administrator | |
| Average salary | $87,261 | $52,876 |
| Salary range | Between $63,000 And $119,000 | Between $35,000 And $78,000 |
| Highest paying City | Boston, MA | Washington, DC |
| Highest paying state | Massachusetts | Maryland |
| Best paying company | Apple | Ngam Advisors, L.P. |
| Best paying industry | Finance | Finance |
There are a few differences between a commodity analyst and a contracts administrator in terms of educational background:
| Commodity Analyst | Contracts Administrator | |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commodity analysts' and contracts administrators' demographics:
| Commodity Analyst | Contracts Administrator | |
| Average age | 48 | 48 |
| Gender ratio | Male, 63.6% Female, 36.4% | Male, 32.2% Female, 67.8% |
| Race ratio | Black or African American, 9.1% Unknown, 4.4% Hispanic or Latino, 12.4% Asian, 7.8% White, 65.5% American Indian and Alaska Native, 0.8% | Black or African American, 9.2% Unknown, 4.4% Hispanic or Latino, 12.6% Asian, 7.7% White, 65.3% American Indian and Alaska Native, 0.8% |
| LGBT Percentage | 7% | 7% |