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The differences between global procurement managers and procurement analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a global procurement manager, becoming a procurement analyst takes usually requires 2-4 years. Additionally, a global procurement manager has an average salary of $103,155, which is higher than the $64,448 average annual salary of a procurement analyst.
The top three skills for a global procurement manager include global procurement, strategic sourcing and project management. The most important skills for a procurement analyst are purchase orders, supplier performance, and customer service.
| Global Procurement Manager | Procurement Analyst | |
| Yearly salary | $103,155 | $64,448 |
| Hourly rate | $49.59 | $30.98 |
| Growth rate | -6% | 11% |
| Number of jobs | 33,299 | 75,154 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 69% |
| Average age | 47 | 44 |
| Years of experience | 6 | 4 |
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.
Procurement analysts procure favorable contracts by acting as liaisons between suppliers and their employers. They are hired by organizations that rely on supply chain management to analyze and evaluate potential suppliers, prepare reports about monthly supply costs, and negotiate contracts. With good critical thinking skills, these procurement analysts who are also known as purchasing analysts, evaluate vendors and suppliers based on the speed of delivery, quality, and price. They use quantitative methods to support fact-based decision-making to become competitive and to ensure cost-efficiency and high quality of the products and services.
Global procurement managers and procurement analysts have different pay scales, as shown below.
| Global Procurement Manager | Procurement Analyst | |
| Average salary | $103,155 | $64,448 |
| Salary range | Between $73,000 And $145,000 | Between $45,000 And $91,000 |
| Highest paying City | Oakland, CA | Washington, DC |
| Highest paying state | California | Maryland |
| Best paying company | Apple | PayPal |
| Best paying industry | Health Care | Retail |
There are a few differences between a global procurement manager and a procurement analyst in terms of educational background:
| Global Procurement Manager | Procurement Analyst | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | Stanford University | Northwestern University |
Here are the differences between global procurement managers' and procurement analysts' demographics:
| Global Procurement Manager | Procurement Analyst | |
| Average age | 47 | 44 |
| Gender ratio | Male, 68.3% Female, 31.7% | Male, 47.7% Female, 52.3% |
| 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, 8.2% Unknown, 4.5% Hispanic or Latino, 9.0% Asian, 11.8% White, 66.4% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 11% | 12% |