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The differences between senior contract analysts and procurement analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a procurement analyst has an average salary of $64,448, which is higher than the $60,645 average annual salary of a senior contract analyst.
The top three skills for a senior contract analyst include contract administration, SQL and analytical support. The most important skills for a procurement analyst are purchase orders, supplier performance, and customer service.
| Senior Contract Analyst | Procurement Analyst | |
| Yearly salary | $60,645 | $64,448 |
| Hourly rate | $29.16 | $30.98 |
| Growth rate | 9% | 11% |
| Number of jobs | 52,254 | 75,154 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 69% |
| Average age | 44 | 44 |
| Years of experience | - | 4 |
A senior contract analyst is responsible for creating business agreements and contract negotiations, ensuring that the terms of service adhere to the business' requirements and interests. Senior contract analysts follow strict contractual regulations and legal policies to prevent contract disputes and discrepancies that may pose financial and reputational risks for the business. They should also be informed of the business services and client conditions to verify liabilities and obligations within the contract clauses. A senior contract analyst must have excellent communication and organizational skills, especially in writing expertise, to create and revise contract documents as needed.
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.
Senior contract analysts and procurement analysts have different pay scales, as shown below.
| Senior Contract Analyst | Procurement Analyst | |
| Average salary | $60,645 | $64,448 |
| Salary range | Between $44,000 And $82,000 | Between $45,000 And $91,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | Colorado | Maryland |
| Best paying company | AARP | PayPal |
| Best paying industry | Finance | Retail |
There are a few differences between a senior contract analyst and a procurement analyst in terms of educational background:
| Senior Contract Analyst | Procurement Analyst | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Northwestern University |
Here are the differences between senior contract analysts' and procurement analysts' demographics:
| Senior Contract Analyst | Procurement Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 40.4% Female, 59.6% | Male, 47.7% Female, 52.3% |
| Race ratio | Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% | 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 | 11% | 12% |