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The differences between global procurement managers 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 global procurement manager and a contracts director. Additionally, a global procurement manager has an average salary of $103,155, which is higher than the $73,351 average annual salary of a contracts director.
The top three skills for a global procurement manager include global procurement, strategic sourcing and project management. The most important skills for a contracts director are contract management, oversight, and contract terms.
| Global Procurement Manager | Contracts Director | |
| Yearly salary | $103,155 | $73,351 |
| Hourly rate | $49.59 | $35.26 |
| Growth rate | -6% | -6% |
| Number of jobs | 33,299 | 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 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.
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.
Global procurement managers and contracts directors have different pay scales, as shown below.
| Global Procurement Manager | Contracts Director | |
| Average salary | $103,155 | $73,351 |
| Salary range | Between $73,000 And $145,000 | Between $46,000 And $116,000 |
| Highest paying City | Oakland, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Apple | Edwards Lifesciences |
| Best paying industry | Health Care | Manufacturing |
There are a few differences between a global procurement manager and a contracts director in terms of educational background:
| Global Procurement Manager | 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 global procurement managers' and contracts directors' demographics:
| Global Procurement Manager | Contracts Director | |
| Average age | 47 | 47 |
| Gender ratio | Male, 68.3% Female, 31.7% | 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% |