Q: How much do procurement analysts make?

Procurement analysts make $67,146 a year, on average. That equates to $32.28 an hour. Procurement analysts procure the best supplier contracts for their organization. Procurement analysts average $45,000 annually at the entry level. Top-earners make in the low six-figures for this career. Location, industry, and education are significant indicators of procurement analyst pay.

Q: Is operations research a good career?

Yes, operations research is a relatively good career. Operations research careers have high pay and a good job outlook in work that can be dynamic and challenging but not overly stressful.

Q: Is procurement a good career?

Yes, procurement is a relatively good career. Jobs in procurement typically pay well with a good job outlook and the potential to travel and make a social impact. Procurement careers include buyers, analysts, and agents who work to procure parts and materials companies need to operate.

Question 1

How much money do operations research analysts make?

Accepted Answer

Operations research analysts make $74,227 a year, on average. That equates to $35.69 an hour.

An operations research analyst develops solutions to organizational problems to help management make better business decisions.

Question 2

What does a clinical research assistant do?

Accepted Answer

A clinical research assistant works on a research team assisting with a scientific study. They usually work in healthcare facilities and laboratories, and their specific duties can vary.

Question 3

What qualifications do you need to be a procurement analyst?

Accepted Answer

The qualifications you need to be a procurement analyst are a college degree, negotiation skills, and some technical knowledge.

The first qualification you need to be a procurement analyst is a college degree. While it is possible to secure a position as a procurement analyst with only a high-school diploma or equivalent, it is extremely rare. Around 2% of procurement analysts have only their high-school diploma or equivalent.

Question 4

How much does a procurement job pay?

Accepted Answer

A procurement job pays $72,270 per year, on average, according to the Bureau of Labor Statistics (2020). That equates to $34.74 an hour.

Procurement jobs include the following titles and average annual salaries:

Question 5

What skills do you need to be an operations research analyst?

Accepted Answer

The skills you need to be an operations research analyst are technical, problem-solving, and presentation.

An operations research analyst curates solutions to complex organizational problems to assist management in making better business decisions.

Question 6

How much do procurement analysts make?

Accepted Answer

Procurement analysts make $67,146 a year, on average. That equates to $32.28 an hour. Procurement analysts procure the best supplier contracts for their organization.

Procurement analysts average $45,000 annually at the entry level. Top-earners make in the low six-figures for this career. Location, industry, and education are significant indicators of procurement analyst pay.

Question 7

Is being an operations research analyst stressful?

Accepted Answer

No, being an operations research analyst is not overly stressful. Operations research analyst careers are not overly-stressful, according to a 2019 U.S. News report, which ranked these careers #5 for business jobs. The report cited work environment and job complexity as reasons for the low-stress rating.

Question 8

Is operations research a good career?

Accepted Answer

Yes, operations research is a relatively good career. Operations research careers have high pay and a good job outlook in work that can be dynamic and challenging but not overly stressful.

Question 9

Is procurement a good career?

Accepted Answer

Yes, procurement is a relatively good career. Jobs in procurement typically pay well with a good job outlook and the potential to travel and make a social impact.

Procurement careers include buyers, analysts, and agents who work to procure parts and materials companies need to operate.

Question 10

What degree do you need to be a clinical research assistant?

Accepted Answer

The degree you need to be a clinical research assistant is typically a bachelor's degree.

Working as a clinical research assistant with only an associate's degree is possible, though this is rare. You cannot work as a clinical research assistant with only a high-school diploma or equivalent.

Question 11

How do you list procurement on a resume?

Accepted Answer

To list procurement on a resume, you can include details of the level of purchasing you worked on.

Include your level of oversight and the complexity of your work, and quantitative information whenever you can. Also, how you improve savings and spending for your company or business, as well as the metrics around saved time, expense, or labor, gives an employer a sense of your abilities.

Question 12

What are the responsibilities of a procurement analyst?

Accepted Answer

The responsibilities of a procurement analyst are to find the most efficient use of a company's spending when dealing with external purchasing. A procurement analyst collects data around products, suppliers, and vendors in order to set up the most fitting contracts with outside parties.

Question 13

What is a procurement data analyst?

Accepted Answer

A procurement data analyst collects data regarding products, suppliers, and vendors in order to choose the most cost-effective way to fulfill business goals.

A procurement analyst might research the best vehicles for the fleet or which suppliers are the most dependable for product sourcing. A procurement analyst spends time researching options and compiling data for management.

Frequently asked questions about procurement analysts

Questions about becoming a procurement analyst