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The differences between procurement consultants and contracts administration managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a procurement consultant and a contracts administration manager. Additionally, a procurement consultant has an average salary of $81,254, which is higher than the $72,869 average annual salary of a contracts administration manager.
The top three skills for a procurement consultant include strategic sourcing, procure-to-pay and HR. The most important skills for a contracts administration manager are contract administration, proposal preparation, and contract management.
| Procurement Consultant | Contracts Administration Manager | |
| Yearly salary | $81,254 | $72,869 |
| Hourly rate | $39.06 | $35.03 |
| Growth rate | -6% | -6% |
| Number of jobs | 38,005 | 10,694 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 62% |
| Average age | 47 | 47 |
| Years of experience | 6 | 6 |
A procurement consultant is an individual who is an expert in purchasing or procurement. Your duties will include researching and analyzing the supply marketplace, developing business requirements, and managing supplier relationships in collaboration with internal stakeholders, and managing and negotiating supply agreements across all commodities and complexity. Additionally, you are expected to participate in market intelligence analysis and assess productivity, costs, and demand patterns by collecting and interpreting data. As a procurement consultant, you are also responsible for managing and negotiating supply agreements.
Contracts administration managers are responsible for negotiating and administering government and commercial contracts, preparing proposals, and ensuring that they comply with all company policies and legal requirements. These managers report the progress of their projects to top management during meetings. They manage the performance of their staff daily. Their job involves participating in developing, formulating, and revising policies, procedures, and templates. They also support their finance and program teams in communicating with their clients to ensure that invoices are made timely and accurately.
Procurement consultants and contracts administration managers have different pay scales, as shown below.
| Procurement Consultant | Contracts Administration Manager | |
| Average salary | $81,254 | $72,869 |
| Salary range | Between $64,000 And $101,000 | Between $46,000 And $114,000 |
| Highest paying City | San Francisco, CA | Arlington, VA |
| Highest paying state | California | Virginia |
| Best paying company | McKinsey & Company Inc | Deloitte |
| Best paying industry | Technology | Utilities |
There are a few differences between a procurement consultant and a contracts administration manager in terms of educational background:
| Procurement Consultant | Contracts Administration Manager | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 62% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between procurement consultants' and contracts administration managers' demographics:
| Procurement Consultant | Contracts Administration Manager | |
| Average age | 47 | 47 |
| Gender ratio | Male, 66.3% Female, 33.7% | Male, 42.9% Female, 57.1% |
| Race ratio | Black or African American, 9.2% Unknown, 3.8% Hispanic or Latino, 12.4% Asian, 7.5% White, 66.8% American Indian and Alaska Native, 0.3% | Black or African American, 9.2% Unknown, 3.8% Hispanic or Latino, 12.5% Asian, 7.5% White, 66.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |