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The differences between procurement analysts and data 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 a data analyst. Additionally, a data analyst has an average salary of $74,342, 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 a data analyst are data analysis, python, and power bi.
| Procurement Analyst | Data Analyst | |
| Yearly salary | $64,448 | $74,342 |
| Hourly rate | $30.98 | $35.74 |
| Growth rate | 11% | 11% |
| Number of jobs | 75,154 | 167,520 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 65% |
| 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.
Data analysts are responsible for interpreting the company's statistics and providing sound recommendations to the organization. They manage the organization's data sets, usually related to market performance, finance, or human resources. They are in charge of studying the available data, spotting trends, interpreting what the data and the trends mean, and recommending suggestions that will help the organization perform better. Their recommendations should also be relevant and backed up with strong analyses. Data analysts are expected to have a good grasp of the current market trends in the industry.
Procurement analysts and data analysts have different pay scales, as shown below.
| Procurement Analyst | Data Analyst | |
| Average salary | $64,448 | $74,342 |
| Salary range | Between $45,000 And $91,000 | Between $53,000 And $103,000 |
| Highest paying City | Washington, DC | Richmond, CA |
| Highest paying state | Maryland | New Jersey |
| Best paying company | PayPal | The Citadel |
| Best paying industry | Retail | Finance |
There are a few differences between a procurement analyst and a data analyst in terms of educational background:
| Procurement Analyst | Data Analyst | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between procurement analysts' and data analysts' demographics:
| Procurement Analyst | Data Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 47.7% Female, 52.3% | Male, 50.2% Female, 49.8% |
| 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, 7.5% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.5% White, 64.9% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |