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The differences between procurement analysts and 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 procurement analyst and an analyst. Additionally, an analyst has an average salary of $73,007, which is higher than the $64,448 average annual salary of a procurement analyst.
The top three skills for a procurement analyst include purchase orders, supplier performance and customer service. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Procurement Analyst | Analyst | |
| Yearly salary | $64,448 | $73,007 |
| Hourly rate | $30.98 | $35.10 |
| Growth rate | 11% | 11% |
| Number of jobs | 75,154 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
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.
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Procurement analysts and analysts have different pay scales, as shown below.
| Procurement Analyst | Analyst | |
| Average salary | $64,448 | $73,007 |
| Salary range | Between $45,000 And $91,000 | Between $53,000 And $99,000 |
| Highest paying City | Washington, DC | Jersey City, NJ |
| Highest paying state | Maryland | New Jersey |
| Best paying company | PayPal | The Citadel |
| Best paying industry | Retail | Technology |
There are a few differences between a procurement analyst and an analyst in terms of educational background:
| Procurement Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between procurement analysts' and analysts' demographics:
| Procurement Analyst | Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 47.7% Female, 52.3% | Male, 52.4% Female, 47.6% |
| Race ratio | 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% | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |