Purchase analyst vs senior analyst

The differences between purchase 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 purchase analyst and a senior analyst. Additionally, a senior analyst has an average salary of $84,799, which is higher than the $64,581 average annual salary of a purchase analyst.

The top three skills for a purchase analyst include purchase orders, supplier performance and continuous improvement. The most important skills for a senior analyst are analytics, data analysis, and tableau.

Purchase analyst vs senior analyst overview

	Purchase Analyst	Senior Analyst
Yearly salary	$64,581	$84,799
Hourly rate	$31.05	$40.77
Growth rate	11%	11%
Number of jobs	88,542	159,807
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 68%
Average age	44	44
Years of experience	4	4

What does a purchase analyst do?

A purchase analyst is responsible for looking at the market outlook and determining what and when to buy when ordering supplies. They are responsible for making an investment in a product or technology, and contracting with vendors. You have varied duties and responsibilities that include researching product prices and comparisons, determining price history and cost-effectiveness, and providing leadership for logistics, resource management decisions, and sourcing. You will also be responsible for purchasing equipment from suppliers and working closely with leadership to develop sourcing strategies.

What does a senior analyst do?

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.

Purchase analyst vs senior analyst salary

Purchase analysts and senior analysts have different pay scales, as shown below.

	Purchase Analyst	Senior Analyst
Average salary	$64,581	$84,799
Salary range	Between $42,000 And $98,000	Between $63,000 And $112,000
Highest paying City	Milford, MA	San Francisco, CA
Highest paying state	New Jersey	New Jersey
Best paying company	MPS Horticulture	The Citadel
Best paying industry	Retail	Finance

Differences between purchase analyst and senior analyst education

There are a few differences between a purchase analyst and a senior analyst in terms of educational background:

	Purchase Analyst	Senior Analyst
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 68%
Most common major	Business	Business
Most common college	Northwestern University	Northwestern University

Purchase analyst vs senior analyst demographics

Here are the differences between purchase analysts' and senior analysts' demographics:

	Purchase Analyst	Senior Analyst
Average age	44	44
Gender ratio	Male, 45.8% Female, 54.2%	Male, 61.8% Female, 38.2%
Race ratio	Black or African American, 8.4% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 10.6% White, 67.2% 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%

Differences between purchase analyst and senior analyst duties and responsibilities

Purchase analyst example responsibilities.

Transport purchases and contract and manage carriers (freight forwarders in order to arrange and manage the transportation of purchases.
Write RFI and RFP documents and manage the process for each.
Compile and manage the RFP excel database containing incumbent supplier pricing and alternative supplier pricing.
Manage purchasing data within proprietary applications and ERP systems with accuracy.
Manage and determine obsolete and/or slow moving inventory for all above mention commodities.
Manage factory activities for key commodities encompassing resource management in materials and production.

Show more

Senior analyst example responsibilities.

Manage and lead a team through the verification and validation process to ensure ISO audit findings are permanently resolve.
Experience with the PMI methodology for project managing.
Lead developers with complex DB2 coding efforts reducing system overhead.
Ensure adequate liquidity in each fund while managing WAM exposure across treasury bills.
Manage all monthly and quarterly reporting for the pump segment of the company (PMI).
Manage reconciliations of accounts on monthly basis.

Show more

Purchase analyst vs senior analyst skills

Common purchase analyst skills

Purchase Orders, 13%
Supplier Performance, 11%
Continuous Improvement, 5%
ERP, 5%
Cost Analysis, 5%
Logistics, 4%

Common senior analyst skills

Analytics, 13%
Data Analysis, 6%
Tableau, 6%
Project Management, 5%
Strong Analytical, 4%
Power Bi, 4%

Purchase Analyst vs. similar jobs

Purchase Analyst related careers

Purchase Analyst related jobs

What similar roles do

Updated January 8, 2025

Browse business and financial jobs

A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z