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The differences between contracts managers and directors of materials management 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 manager and a director of materials management. Additionally, a director of materials management has an average salary of $91,206, which is higher than the $72,691 average annual salary of a contracts manager.
The top three skills for a contracts manager include contract management, contract administration and contract terms. The most important skills for a director of materials management are materials management, supply chain, and patients.
| Contracts Manager | Director Of Materials Management | |
| Yearly salary | $72,691 | $91,206 |
| Hourly rate | $34.95 | $43.85 |
| Growth rate | -6% | -6% |
| Number of jobs | 13,218 | 81,836 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 55% |
| Average age | 47 | 47 |
| Years of experience | 6 | 6 |
A contract manager is responsible for finalizing contract agreements between the company and its clients, revising documents, creating procurement proposals, and managing breach of contracts immediately. Contract managers respond to clients' inquiries and concerns about the contract's terms, conditions, and adjustment requests. They should be highly knowledgeable with legal terms and legislation regulations, ensuring that documents align with their objectives. The contract manager should also stay updated with the latest trends to meet contract demands, identify more business opportunities to boost revenues, and achieve profitability goals.
A director of materials management is primarily in charge of spearheading and overseeing the daily operations in a company's purchasing and supply departments. It is their duty to set goals and guidelines, supervise the procurement programs and procedures, manage purchasing staff, review documentation and requests, and liaise with vendors and suppliers, building positive relationships with them. They must also address issues and concerns, resolving them in a timely and efficient manner. Furthermore, a director of materials management must lead teams while implementing the company's policies and regulations.
Contracts managers and directors of materials management have different pay scales, as shown below.
| Contracts Manager | Director Of Materials Management | |
| Average salary | $72,691 | $91,206 |
| Salary range | Between $45,000 And $116,000 | Between $72,000 And $114,000 |
| Highest paying City | San Francisco, CA | Albany, NY |
| Highest paying state | California | Washington |
| Best paying company | McKinsey & Company Inc | Microsoft |
| Best paying industry | Technology | Manufacturing |
There are a few differences between a contracts manager and a director of materials management in terms of educational background:
| Contracts Manager | Director Of Materials Management | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 55% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between contracts managers' and directors of materials management' demographics:
| Contracts Manager | Director Of Materials Management | |
| Average age | 47 | 47 |
| Gender ratio | Male, 54.0% Female, 46.0% | Male, 73.0% Female, 27.0% |
| Race ratio | Black or African American, 9.0% Unknown, 3.8% Hispanic or Latino, 12.2% Asian, 7.4% White, 67.2% American Indian and Alaska Native, 0.3% | Black or African American, 9.1% Unknown, 3.8% Hispanic or Latino, 12.3% Asian, 7.4% White, 67.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |