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The differences between contracts managers and directors, 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 manager and a director, procurement. Additionally, a director, procurement has an average salary of $140,058, 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, procurement are strategic sourcing, supplier performance, and continuous improvement.
| Contracts Manager | Director, Procurement | |
| Yearly salary | $72,691 | $140,058 |
| Hourly rate | $34.95 | $67.34 |
| Growth rate | -6% | -6% |
| Number of jobs | 13,218 | 18,037 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 70% |
| 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.
The responsibilities of a procurement director revolve around ensuring the efficient and smooth flow of supplies within the company, developing procurement strategies for optimal services and operations, assessing risks, and overseeing the implementation of new policies and regulations in the company. It is essential to coordinate with analysts to identify areas with potential opportunities or those needing improvements. Moreover, a director, procurement may directly communicate with stakeholders or higher-ranking officials, participate in recruiting new members of the workforce, and create programs for profit growth and significant results.
Contracts managers and directors, procurement have different pay scales, as shown below.
| Contracts Manager | Director, Procurement | |
| Average salary | $72,691 | $140,058 |
| Salary range | Between $45,000 And $116,000 | Between $98,000 And $199,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | McKinsey & Company Inc | Apple |
| Best paying industry | Technology | Technology |
There are a few differences between a contracts manager and a director, procurement in terms of educational background:
| Contracts Manager | Director, Procurement | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between contracts managers' and directors, procurement' demographics:
| Contracts Manager | Director, Procurement | |
| Average age | 47 | 47 |
| Gender ratio | Male, 54.0% Female, 46.0% | Male, 78.0% Female, 22.0% |
| 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, 8.9% Unknown, 3.8% Hispanic or Latino, 12.1% Asian, 7.4% White, 67.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |