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The differences between resource analysts and procurement 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 resource analyst and a procurement analyst. Additionally, a resource analyst has an average salary of $68,662, which is higher than the $64,448 average annual salary of a procurement analyst.
The top three skills for a resource analyst include resource management, customer satisfaction and financial analysis. The most important skills for a procurement analyst are purchase orders, supplier performance, and customer service.
| Resource Analyst | Procurement Analyst | |
| Yearly salary | $68,662 | $64,448 |
| Hourly rate | $33.01 | $30.98 |
| Growth rate | 11% | 11% |
| Number of jobs | 90,118 | 75,154 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 69% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A resource analyst is responsible for conducting data and statistical analysis, analyzing trends research, and identifying cost-reduction opportunities that would generate revenues and increase profits. Resource analysts evaluate budgeting and financial transactions and implement strategical methodologies to improve business operations, project management, and customer relationships. They also monitor the resource management of the business by coordinating with third-party providers and the senior management to facilitate operational concerns and requests for collaborative partnerships with the clients.
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.
Resource analysts and procurement analysts have different pay scales, as shown below.
| Resource Analyst | Procurement Analyst | |
| Average salary | $68,662 | $64,448 |
| Salary range | Between $48,000 And $97,000 | Between $45,000 And $91,000 |
| Highest paying City | Bethesda, MD | Washington, DC |
| Highest paying state | New Jersey | Maryland |
| Best paying company | Mayo Clinic | PayPal |
| Best paying industry | - | Retail |
There are a few differences between a resource analyst and a procurement analyst in terms of educational background:
| Resource Analyst | Procurement Analyst | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between resource analysts' and procurement analysts' demographics:
| Resource Analyst | Procurement Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 46.3% Female, 53.7% | Male, 47.7% Female, 52.3% |
| Race ratio | Black or African American, 8.6% Unknown, 4.5% Hispanic or Latino, 9.3% Asian, 11.6% White, 65.9% American Indian and Alaska Native, 0.2% | 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% |
| LGBT Percentage | 12% | 12% |