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The differences between directors of 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 sourcing and a contracts director. Additionally, a director of sourcing has an average salary of $140,924, which is higher than the $73,351 average annual salary of a contracts director.
The top three skills for a director of sourcing include supply chain, strategic sourcing and continuous improvement. The most important skills for a contracts director are contract management, oversight, and contract terms.
| Director Of Sourcing | Contracts Director | |
| Yearly salary | $140,924 | $73,351 |
| Hourly rate | $67.75 | $35.26 |
| Growth rate | -6% | -6% |
| Number of jobs | 14,569 | 12,378 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 66% |
| 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.
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 sourcing and contracts directors have different pay scales, as shown below.
| Director Of Sourcing | Contracts Director | |
| Average salary | $140,924 | $73,351 |
| Salary range | Between $99,000 And $200,000 | Between $46,000 And $116,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New Jersey | California |
| Best paying company | NVIDIA | Edwards Lifesciences |
| Best paying industry | Retail | Manufacturing |
There are a few differences between a director of sourcing and a contracts director in terms of educational background:
| Director Of Sourcing | Contracts Director | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between directors of sourcing' and contracts directors' demographics:
| Director Of Sourcing | Contracts Director | |
| Average age | 47 | 47 |
| Gender ratio | Male, 73.7% Female, 26.3% | 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, 67.5% 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% |