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The differences between senior managers, procurement and procurement analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a senior manager, procurement, becoming a procurement analyst takes usually requires 2-4 years. Additionally, a senior manager, procurement has an average salary of $121,433, which is higher than the $64,448 average annual salary of a procurement analyst.
The top three skills for a senior manager, procurement include supply chain, strategic sourcing and supplier performance. The most important skills for a procurement analyst are purchase orders, supplier performance, and customer service.
| Senior Manager, Procurement | Procurement Analyst | |
| Yearly salary | $121,433 | $64,448 |
| Hourly rate | $58.38 | $30.98 |
| Growth rate | -6% | 11% |
| Number of jobs | 36,873 | 75,154 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 69% |
| Average age | 47 | 44 |
| Years of experience | 6 | 4 |
Senior Procurement Managers oversee the procurement department of the company. They manage the procurement needs of the organization and network with vendors to keep their database of suppliers updated. Senior Procurement Managers secure competitive prices from their suppliers so that they can save up on costs. As such, Senior Procurement Managers also have visibility on the spending of each department in the organization so that they will never go over budget.
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 managers, procurement and procurement analysts have different pay scales, as shown below.
| Senior Manager, Procurement | Procurement Analyst | |
| Average salary | $121,433 | $64,448 |
| Salary range | Between $84,000 And $175,000 | Between $45,000 And $91,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | California | Maryland |
| Best paying company | McKinsey & Company Inc | PayPal |
| Best paying industry | Manufacturing | Retail |
There are a few differences between a senior manager, procurement and a procurement analyst in terms of educational background:
| Senior Manager, Procurement | Procurement Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | Stanford University | Northwestern University |
Here are the differences between senior managers, procurement' and procurement analysts' demographics:
| Senior Manager, Procurement | Procurement Analyst | |
| Average age | 47 | 44 |
| Gender ratio | Male, 72.8% Female, 27.2% | Male, 47.7% Female, 52.3% |
| Race ratio | Black or African American, 9.2% Unknown, 3.8% Hispanic or Latino, 12.5% Asian, 7.5% White, 66.6% American Indian and Alaska Native, 0.3% | 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% |