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The differences between procurement analysts and senior 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 senior analyst. Additionally, a senior analyst has an average salary of $84,799, 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 senior analyst are analytics, data analysis, and tableau.
| Procurement Analyst | Senior Analyst | |
| Yearly salary | $64,448 | $84,799 |
| Hourly rate | $30.98 | $40.77 |
| Growth rate | 11% | 11% |
| Number of jobs | 75,154 | 159,807 |
| Job satisfaction | - | 5 |
| 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 senior analyst's responsibilities will vary in every organization or industry. However, their primary role is to gain an understanding of a company's strengths and weaknesses. Through this, they can devise strategies and determine new opportunities that would be significant in attaining financial gains and a more substantial client base. Furthermore, it is a senior analyst's responsibility to coordinate with various departments, and even clients, to establish a rapport that will be essential in gaining the needed information to catapult a company to its finest.
Procurement analysts and senior analysts have different pay scales, as shown below.
| Procurement Analyst | Senior Analyst | |
| Average salary | $64,448 | $84,799 |
| Salary range | Between $45,000 And $91,000 | Between $63,000 And $112,000 |
| Highest paying City | Washington, DC | San Francisco, 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 senior analyst in terms of educational background:
| Procurement Analyst | Senior 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 senior analysts' demographics:
| Procurement Analyst | Senior Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 47.7% Female, 52.3% | Male, 61.8% Female, 38.2% |
| 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, 8.4% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |