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The differences between procurement cost coordinators and contracts managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a procurement cost coordinator, becoming a contracts manager takes usually requires 4-6 years. Additionally, a contracts manager has an average salary of $72,691, which is higher than the $63,618 average annual salary of a procurement cost coordinator.
The top three skills for a procurement cost coordinator include coordinators, purchase orders and cost analysis. The most important skills for a contracts manager are contract management, contract administration, and contract terms.
| Procurement Cost Coordinator | Contracts Manager | |
| Yearly salary | $63,618 | $72,691 |
| Hourly rate | $30.59 | $34.95 |
| Growth rate | -3% | -6% |
| Number of jobs | 27,767 | 13,218 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 63% |
| Average age | 45 | 47 |
| Years of experience | 2 | 6 |
Procurement cost coordinators and contracts managers have different pay scales, as shown below.
| Procurement Cost Coordinator | Contracts Manager | |
| Average salary | $63,618 | $72,691 |
| Salary range | Between $40,000 And $100,000 | Between $45,000 And $116,000 |
| Highest paying City | - | San Francisco, CA |
| Highest paying state | - | California |
| Best paying company | - | McKinsey & Company Inc |
| Best paying industry | - | Technology |
There are a few differences between a procurement cost coordinator and a contracts manager in terms of educational background:
| Procurement Cost Coordinator | Contracts Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between procurement cost coordinators' and contracts managers' demographics:
| Procurement Cost Coordinator | Contracts Manager | |
| Average age | 45 | 47 |
| Gender ratio | Male, 42.8% Female, 57.2% | Male, 54.0% Female, 46.0% |
| Race ratio | Black or African American, 10.1% Unknown, 4.9% Hispanic or Latino, 16.6% Asian, 7.0% White, 60.9% American Indian and Alaska Native, 0.5% | Black or African American, 9.0% Unknown, 3.8% Hispanic or Latino, 12.2% Asian, 7.4% White, 67.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |