Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between senior sourcing analysts and 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 sourcing analyst, becoming an analyst takes usually requires 2-4 years. Additionally, a senior sourcing analyst has an average salary of $84,801, which is higher than the $73,007 average annual salary of an analyst.
The top three skills for a senior sourcing analyst include DOD, CI and intelligence analysis. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Senior Sourcing Analyst | Analyst | |
| Yearly salary | $84,801 | $73,007 |
| Hourly rate | $40.77 | $35.10 |
| Growth rate | 3% | 11% |
| Number of jobs | 12,504 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 67% |
| Average age | 48 | 44 |
| Years of experience | 6 | 4 |
A senior sourcing analyst is an individual who oversees the planning and purchasing process for specific commodities and who supports new product launches. He/She or she should be able to establish relationships with suppliers to help in the sourcing process and in the negotiation of deals and contracts to ensure compliance with budgetary requirements. The position requires core skills such as strong analytical, mathematical, and negotiating skills and deep knowledge of the industry the analyst is working in. The education requirements for the job include an associate or bachelor's degree in business, supply chain management, marketing, or a related field.
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Senior sourcing analysts and analysts have different pay scales, as shown below.
| Senior Sourcing Analyst | Analyst | |
| Average salary | $84,801 | $73,007 |
| Salary range | Between $63,000 And $112,000 | Between $53,000 And $99,000 |
| Highest paying City | Foster City, CA | Jersey City, NJ |
| Highest paying state | California | New Jersey |
| Best paying company | PayPal | The Citadel |
| Best paying industry | Manufacturing | Technology |
There are a few differences between a senior sourcing analyst and an analyst in terms of educational background:
| Senior Sourcing Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between senior sourcing analysts' and analysts' demographics:
| Senior Sourcing Analyst | Analyst | |
| Average age | 48 | 44 |
| Gender ratio | Male, 62.8% Female, 37.2% | Male, 52.4% Female, 47.6% |
| Race ratio | Black or African American, 9.1% Unknown, 4.4% Hispanic or Latino, 12.5% Asian, 7.8% White, 65.4% American Indian and Alaska Native, 0.8% | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |