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The differences between directors of global sourcing and contracts directors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a director of global sourcing and a contracts director. Additionally, a director of global sourcing has an average salary of $142,539, which is higher than the $73,351 average annual salary of a contracts director.
The top three skills for a director of global sourcing include supply chain, strategic sourcing and global sourcing. The most important skills for a contracts director are contract management, oversight, and contract terms.
| Director Of Global Sourcing | Contracts Director | |
| Yearly salary | $142,539 | $73,351 |
| Hourly rate | $68.53 | $35.26 |
| Growth rate | -6% | -6% |
| Number of jobs | 24,222 | 12,378 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 66% |
| Average age | 47 | 47 |
| Years of experience | 6 | 6 |
A director of global sourcing spearheads and oversees an organization's supply chain operations at a worldwide scale. Although their duties may vary upon their industry of employment, it usually includes conducting foreign market research and analyses to find business and client opportunities, setting goals and sales objectives, establishing project roadmaps and guidelines, and negotiating with potential business partners, building positive relationships in the process. Moreover, as a director of global sourcing, it is essential to manage and empower teams to reach goals while implementing the company's standards and policies.
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.
Directors of global sourcing and contracts directors have different pay scales, as shown below.
| Director Of Global Sourcing | Contracts Director | |
| Average salary | $142,539 | $73,351 |
| Salary range | Between $102,000 And $198,000 | Between $46,000 And $116,000 |
| Highest paying City | Oakland, CA | San Francisco, CA |
| Highest paying state | Washington | California |
| Best paying company | Nike | Edwards Lifesciences |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a director of global sourcing and a contracts director in terms of educational background:
| Director Of Global Sourcing | Contracts Director | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between directors of global sourcing' and contracts directors' demographics:
| Director Of Global Sourcing | Contracts Director | |
| Average age | 47 | 47 |
| Gender ratio | Male, 80.0% Female, 20.0% | Male, 58.1% Female, 41.9% |
| 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, 9.0% Unknown, 3.8% Hispanic or Latino, 12.1% Asian, 7.4% White, 67.4% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |