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The differences between contract administrator/contract specialists and material analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a contract administrator/contract specialist and a material analyst. Additionally, a material analyst has an average salary of $66,092, which is higher than the $53,425 average annual salary of a contract administrator/contract specialist.
The top three skills for a contract administrator/contract specialist include contract management, purchase orders and contract terms. The most important skills for a material analyst are supply chain, logistics, and MRP.
| Contract Administrator/Contract Specialist | Material Analyst | |
| Yearly salary | $53,425 | $66,092 |
| Hourly rate | $25.69 | $31.77 |
| Growth rate | 9% | 28% |
| Number of jobs | 61,764 | 48,758 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 65% |
| Average age | 48 | 48 |
| Years of experience | 6 | 6 |
A Contract Administrator and Contract Specialist reviews all contracts of the company. They are responsible for reviewing every contract if it is for the company's benefit and if there are hidden risks. This person also helps draft future contracts and inspects new contracts during deals and negotiations. Contract Specialists update existing contracts, propose amendments if necessary, and advise the company on contracts that have risks that may affect the activities of the company.
A materials analyst is responsible for managing the assets and materials of an organization, ensuring the adequacy of office inventories to support business operational functions. Materials analysts identify cost-reduction materials by coordinating with trusted suppliers and third-party vendors. They handle the distribution of goods and order processes according to the company's supply chain management. A materials analyst must have excellent organizational and analytical skills, especially in conducting data and statistical analysis to obtain high-quality materials that would meet the customers' demands.
Contract administrator/contract specialists and material analysts have different pay scales, as shown below.
| Contract Administrator/Contract Specialist | Material Analyst | |
| Average salary | $53,425 | $66,092 |
| Salary range | Between $35,000 And $79,000 | Between $49,000 And $88,000 |
| Highest paying City | Annapolis, MD | Union City, CA |
| Highest paying state | Maryland | California |
| Best paying company | Jacobs Engineering Group | Micron Technology |
| Best paying industry | Technology | Automotive |
There are a few differences between a contract administrator/contract specialist and a material analyst in terms of educational background:
| Contract Administrator/Contract Specialist | Material Analyst | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between contract administrator/contract specialists' and material analysts' demographics:
| Contract Administrator/Contract Specialist | Material Analyst | |
| Average age | 48 | 48 |
| Gender ratio | Male, 30.0% Female, 70.0% | Male, 53.4% Female, 46.6% |
| Race ratio | Black or African American, 8.8% Unknown, 4.4% Hispanic or Latino, 12.2% Asian, 7.6% White, 66.3% American Indian and Alaska Native, 0.8% | Black or African American, 9.0% Unknown, 4.4% Hispanic or Latino, 12.4% Asian, 7.8% White, 65.6% American Indian and Alaska Native, 0.8% |
| LGBT Percentage | 7% | 7% |