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The differences between procurement consultants and contracts directors 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 director. Additionally, a procurement consultant has an average salary of $81,254, which is higher than the $73,351 average annual salary of a contracts director.
The top three skills for a procurement consultant include strategic sourcing, procure-to-pay and HR. The most important skills for a contracts director are contract management, oversight, and contract terms.
| Procurement Consultant | Contracts Director | |
| Yearly salary | $81,254 | $73,351 |
| Hourly rate | $39.06 | $35.26 |
| Growth rate | -6% | -6% |
| Number of jobs | 38,005 | 12,378 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 66% |
| 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.
A contract director is primarily in charge of developing and negotiating contracts with clients and partners, ensuring adherence to the company's policies and regulations. Their responsibilities typically revolve around performing extensive research and analysis to foresee potential advantages and disadvantages, coordinating with analysts and other experts, monitoring the progress of operations to ensure contract compliance of both parties, and overseeing the development of proposals within the organization. Furthermore, as a contract director, it is essential to lead and encourage the team to reach goals, all while implementing the mission and vision of the company.
Procurement consultants and contracts directors have different pay scales, as shown below.
| Procurement Consultant | Contracts Director | |
| Average salary | $81,254 | $73,351 |
| Salary range | Between $64,000 And $101,000 | Between $46,000 And $116,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | McKinsey & Company Inc | Edwards Lifesciences |
| Best paying industry | Technology | Manufacturing |
There are a few differences between a procurement consultant and a contracts director in terms of educational background:
| Procurement Consultant | Contracts Director | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between procurement consultants' and contracts directors' demographics:
| Procurement Consultant | Contracts Director | |
| Average age | 47 | 47 |
| Gender ratio | Male, 66.3% Female, 33.7% | Male, 58.1% Female, 41.9% |
| 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, 9.0% Unknown, 3.8% Hispanic or Latino, 12.1% Asian, 7.4% White, 67.4% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |