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The differences between contract analysts and management analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a contract analyst and a management analyst. Additionally, a management analyst has an average salary of $69,804, which is higher than the $54,544 average annual salary of a contract analyst.
The top three skills for a contract analyst include customer service, contract management and contract terms. The most important skills for a management analyst are customer service, project management, and logistics.
| Contract Analyst | Management Analyst | |
| Yearly salary | $54,544 | $69,804 |
| Hourly rate | $26.22 | $33.56 |
| Growth rate | 9% | 11% |
| Number of jobs | 58,593 | 169,171 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 66% |
| Average age | 40 | 44 |
| Years of experience | 4 | 4 |
A contract analyst is primarily in charge of thoroughly reviewing contract terms and conditions, negotiating and addressing changes on behalf of a company or an individual, and avoiding financial disadvantages or any disputes. They are responsible for consulting with clients, analyzing clauses and liabilities, recommending amendments, documenting all transactions, and monitoring every change in the contract. Furthermore, there are instances when a contract analyst must coordinate with all department officers, advising them of any significant changes that the contracts might bring.
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.
Contract analysts and management analysts have different pay scales, as shown below.
| Contract Analyst | Management Analyst | |
| Average salary | $54,544 | $69,804 |
| Salary range | Between $39,000 And $74,000 | Between $49,000 And $98,000 |
| Highest paying City | Jersey City, NJ | Washington, DC |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | AstraZeneca | The Citadel |
| Best paying industry | Pharmaceutical | Professional |
There are a few differences between a contract analyst and a management analyst in terms of educational background:
| Contract Analyst | Management Analyst | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between contract analysts' and management analysts' demographics:
| Contract Analyst | Management Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 41.2% Female, 58.8% | Male, 46.5% Female, 53.5% |
| Race ratio | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% | 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% |