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The differences between directors of sourcing and contracts administration managers 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 sourcing and a contracts administration manager. Additionally, a director of sourcing has an average salary of $140,924, which is higher than the $72,869 average annual salary of a contracts administration manager.
The top three skills for a director of sourcing include supply chain, strategic sourcing and continuous improvement. The most important skills for a contracts administration manager are contract administration, proposal preparation, and contract management.
| Director Of Sourcing | Contracts Administration Manager | |
| Yearly salary | $140,924 | $72,869 |
| Hourly rate | $67.75 | $35.03 |
| Growth rate | -6% | -6% |
| Number of jobs | 14,569 | 10,694 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 62% |
| Average age | 47 | 47 |
| Years of experience | 6 | 6 |
A director of sourcing is an executive professional who supervises a team of sourcing managers that manages the supply portfolio of a company to ensure spending transparency. This director is required to direct overseas factory meetings weekly to review product development and optimize the company's overall supply chain. The director must lead cross-functional process improvement teams to enhance performance and improve product quality. This director must also maintain excellent working relationships with vendors to ensure the success of their projects.
Contracts administration managers are responsible for negotiating and administering government and commercial contracts, preparing proposals, and ensuring that they comply with all company policies and legal requirements. These managers report the progress of their projects to top management during meetings. They manage the performance of their staff daily. Their job involves participating in developing, formulating, and revising policies, procedures, and templates. They also support their finance and program teams in communicating with their clients to ensure that invoices are made timely and accurately.
Directors of sourcing and contracts administration managers have different pay scales, as shown below.
| Director Of Sourcing | Contracts Administration Manager | |
| Average salary | $140,924 | $72,869 |
| Salary range | Between $99,000 And $200,000 | Between $46,000 And $114,000 |
| Highest paying City | San Francisco, CA | Arlington, VA |
| Highest paying state | New Jersey | Virginia |
| Best paying company | NVIDIA | Deloitte |
| Best paying industry | Retail | Utilities |
There are a few differences between a director of sourcing and a contracts administration manager in terms of educational background:
| Director Of Sourcing | Contracts Administration Manager | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 62% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between directors of sourcing' and contracts administration managers' demographics:
| Director Of Sourcing | Contracts Administration Manager | |
| Average age | 47 | 47 |
| Gender ratio | Male, 73.7% Female, 26.3% | Male, 42.9% Female, 57.1% |
| Race ratio | Black or African American, 9.0% Unknown, 3.8% Hispanic or Latino, 12.1% Asian, 7.4% White, 67.5% 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, 66.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |