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The differences between procurement analysts and project 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 project analyst. Additionally, a project analyst has an average salary of $71,174, 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 project analyst are project management, data analysis, and customer service.
| Procurement Analyst | Project Analyst | |
| Yearly salary | $64,448 | $71,174 |
| Hourly rate | $30.98 | $34.22 |
| Growth rate | 11% | 11% |
| Number of jobs | 75,154 | 207,513 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 68% |
| 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.
A project analyst is responsible for overseeing the development of new projects upon completion of data gathering. A project analyst must provide plans and design the project to its full potential. For this, it is essential to conduct extensive research and coordinate with all staff and departments involved through regular reports and various forms of communication. Furthermore, a project analyst must devise strategies to improve particular projects for it to succeed and achieve better results, all in adherence to the company policies and regulations.
Procurement analysts and project analysts have different pay scales, as shown below.
| Procurement Analyst | Project Analyst | |
| Average salary | $64,448 | $71,174 |
| Salary range | Between $45,000 And $91,000 | Between $52,000 And $97,000 |
| Highest paying City | Washington, DC | Jersey City, NJ |
| Highest paying state | Maryland | New Jersey |
| Best paying company | PayPal | |
| Best paying industry | Retail | Manufacturing |
There are a few differences between a procurement analyst and a project analyst in terms of educational background:
| Procurement Analyst | Project Analyst | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between procurement analysts' and project analysts' demographics:
| Procurement Analyst | Project Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 47.7% Female, 52.3% | Male, 57.7% Female, 42.3% |
| 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, 8.0% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 13.7% White, 64.8% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |