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The differences between performance analysts and procurement analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a performance analyst and a procurement analyst. Additionally, a performance analyst has an average salary of $76,906, which is higher than the $64,448 average annual salary of a procurement analyst.
The top three skills for a performance analyst include data analysis, powerpoint and visualization. The most important skills for a procurement analyst are purchase orders, supplier performance, and customer service.
| Performance Analyst | Procurement Analyst | |
| Yearly salary | $76,906 | $64,448 |
| Hourly rate | $36.97 | $30.98 |
| Growth rate | 11% | 11% |
| Number of jobs | 70,065 | 75,154 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 69% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
The duties of a performance analyst depend on one's place or industry employment. Typically, it is their responsibility to evaluate the performance of different systems within a company and review its financial history and activities. They must conduct extensive research and analysis, report findings, and provide advice on improving areas of concern. They may also assess the performances of employees and recommend additional forms of training if necessary. Furthermore, it is essential to adhere to all the policies and regulations of the company.
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.
Performance analysts and procurement analysts have different pay scales, as shown below.
| Performance Analyst | Procurement Analyst | |
| Average salary | $76,906 | $64,448 |
| Salary range | Between $57,000 And $102,000 | Between $45,000 And $91,000 |
| Highest paying City | Seattle, WA | Washington, DC |
| Highest paying state | Maryland | Maryland |
| Best paying company | Meta | PayPal |
| Best paying industry | Finance | Retail |
There are a few differences between a performance analyst and a procurement analyst in terms of educational background:
| Performance Analyst | Procurement Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between performance analysts' and procurement analysts' demographics:
| Performance Analyst | Procurement Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 59.9% Female, 40.1% | Male, 47.7% Female, 52.3% |
| Race ratio | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.7% White, 64.5% American Indian and Alaska Native, 0.2% | 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 | 12% | 12% |