Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between contracts directors and senior managers, procurement can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a contracts director and a senior manager, procurement. Additionally, a senior manager, procurement has an average salary of $121,433, which is higher than the $73,351 average annual salary of a contracts director.
The top three skills for a contracts director include contract management, oversight and contract terms. The most important skills for a senior manager, procurement are supply chain, strategic sourcing, and supplier performance.
| Contracts Director | Senior Manager, Procurement | |
| Yearly salary | $73,351 | $121,433 |
| Hourly rate | $35.26 | $58.38 |
| Growth rate | -6% | -6% |
| Number of jobs | 12,378 | 36,873 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 70% |
| Average age | 47 | 47 |
| Years of experience | 6 | 6 |
A contract director is primarily in charge of developing and negotiating contracts with clients and partners, ensuring adherence to the company's policies and regulations. Their responsibilities typically revolve around performing extensive research and analysis to foresee potential advantages and disadvantages, coordinating with analysts and other experts, monitoring the progress of operations to ensure contract compliance of both parties, and overseeing the development of proposals within the organization. Furthermore, as a contract director, it is essential to lead and encourage the team to reach goals, all while implementing the mission and vision of the company.
Senior Procurement Managers oversee the procurement department of the company. They manage the procurement needs of the organization and network with vendors to keep their database of suppliers updated. Senior Procurement Managers secure competitive prices from their suppliers so that they can save up on costs. As such, Senior Procurement Managers also have visibility on the spending of each department in the organization so that they will never go over budget.
Contracts directors and senior managers, procurement have different pay scales, as shown below.
| Contracts Director | Senior Manager, Procurement | |
| Average salary | $73,351 | $121,433 |
| Salary range | Between $46,000 And $116,000 | Between $84,000 And $175,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Edwards Lifesciences | McKinsey & Company Inc |
| Best paying industry | Manufacturing | Manufacturing |
There are a few differences between a contracts director and a senior manager, procurement in terms of educational background:
| Contracts Director | Senior Manager, Procurement | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between contracts directors' and senior managers, procurement' demographics:
| Contracts Director | Senior Manager, Procurement | |
| Average age | 47 | 47 |
| Gender ratio | Male, 58.1% Female, 41.9% | Male, 72.8% Female, 27.2% |
| Race ratio | Black or African American, 9.0% Unknown, 3.8% Hispanic or Latino, 12.1% Asian, 7.4% White, 67.4% American Indian and Alaska Native, 0.3% | Black or African American, 9.2% Unknown, 3.8% Hispanic or Latino, 12.5% Asian, 7.5% White, 66.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |