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The differences between global procurement managers 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 global procurement manager and a contracts administration manager. Additionally, a global procurement manager has an average salary of $103,155, which is higher than the $72,869 average annual salary of a contracts administration manager.
The top three skills for a global procurement manager include global procurement, strategic sourcing and project management. The most important skills for a contracts administration manager are contract administration, proposal preparation, and contract management.
| Global Procurement Manager | Contracts Administration Manager | |
| Yearly salary | $103,155 | $72,869 |
| Hourly rate | $49.59 | $35.03 |
| Growth rate | -6% | -6% |
| Number of jobs | 33,299 | 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 global procurement manager is in charge of developing diverse procurement strategies to deliver optimal services to clients. Among their responsibilities include understanding and identifying project needs, performing extensive research and analysis, gathering and analyzing data from various departments, performing risk assessments, and negotiating with potential vendors and suppliers, building positive relationships along the way. Moreover, as a global procurement manager, they must lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
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.
Global procurement managers and contracts administration managers have different pay scales, as shown below.
| Global Procurement Manager | Contracts Administration Manager | |
| Average salary | $103,155 | $72,869 |
| Salary range | Between $73,000 And $145,000 | Between $46,000 And $114,000 |
| Highest paying City | Oakland, CA | Arlington, VA |
| Highest paying state | California | Virginia |
| Best paying company | Apple | Deloitte |
| Best paying industry | Health Care | Utilities |
There are a few differences between a global procurement manager and a contracts administration manager in terms of educational background:
| Global Procurement Manager | 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 global procurement managers' and contracts administration managers' demographics:
| Global Procurement Manager | Contracts Administration Manager | |
| Average age | 47 | 47 |
| Gender ratio | Male, 68.3% Female, 31.7% | 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% |