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The differences between senior sourcing analysts and contracts administrators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a senior sourcing analyst and a contracts administrator. Additionally, a senior sourcing analyst has an average salary of $84,801, which is higher than the $52,876 average annual salary of a contracts administrator.
The top three skills for a senior sourcing analyst include DOD, CI and intelligence analysis. The most important skills for a contracts administrator are contract administration, customer service, and contract management.
| Senior Sourcing Analyst | Contracts Administrator | |
| Yearly salary | $84,801 | $52,876 |
| Hourly rate | $40.77 | $25.42 |
| Growth rate | 3% | -6% |
| Number of jobs | 12,504 | 58,038 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 61% |
| Average age | 48 | 48 |
| Years of experience | 6 | 6 |
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.
Contract administrators create and manage legal contracts from which the company participates. They ensure that all entities to the contract will accomplish their obligations, as indicated in the contract. They usually work for larger organizations that might be involved with different or highly complex contracts. These organizations spread across a range of industries, including government, construction, and healthcare. Their responsibilities include addressing any conflicts of questions regarding the contract, analyzing the possible risks posed by contracts, and working alongside the legal and procurement teams.
Senior sourcing analysts and contracts administrators have different pay scales, as shown below.
| Senior Sourcing Analyst | Contracts Administrator | |
| Average salary | $84,801 | $52,876 |
| Salary range | Between $63,000 And $112,000 | Between $35,000 And $78,000 |
| Highest paying City | Foster City, CA | Washington, DC |
| Highest paying state | California | Maryland |
| Best paying company | PayPal | Ngam Advisors, L.P. |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a senior sourcing analyst and a contracts administrator in terms of educational background:
| Senior Sourcing Analyst | Contracts Administrator | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior sourcing analysts' and contracts administrators' demographics:
| Senior Sourcing Analyst | Contracts Administrator | |
| Average age | 48 | 48 |
| Gender ratio | Male, 62.8% Female, 37.2% | Male, 32.2% Female, 67.8% |
| 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, 9.2% Unknown, 4.4% Hispanic or Latino, 12.6% Asian, 7.7% White, 65.3% American Indian and Alaska Native, 0.8% |
| LGBT Percentage | 7% | 7% |