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The differences between senior sourcing analysts and material analysts 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 material analyst. Additionally, a senior sourcing analyst has an average salary of $84,801, which is higher than the $66,092 average annual salary of a material analyst.
The top three skills for a senior sourcing analyst include DOD, CI and intelligence analysis. The most important skills for a material analyst are supply chain, logistics, and MRP.
| Senior Sourcing Analyst | Material Analyst | |
| Yearly salary | $84,801 | $66,092 |
| Hourly rate | $40.77 | $31.77 |
| Growth rate | 3% | 28% |
| Number of jobs | 12,504 | 48,758 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 65% |
| 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.
A materials analyst is responsible for managing the assets and materials of an organization, ensuring the adequacy of office inventories to support business operational functions. Materials analysts identify cost-reduction materials by coordinating with trusted suppliers and third-party vendors. They handle the distribution of goods and order processes according to the company's supply chain management. A materials analyst must have excellent organizational and analytical skills, especially in conducting data and statistical analysis to obtain high-quality materials that would meet the customers' demands.
Senior sourcing analysts and material analysts have different pay scales, as shown below.
| Senior Sourcing Analyst | Material Analyst | |
| Average salary | $84,801 | $66,092 |
| Salary range | Between $63,000 And $112,000 | Between $49,000 And $88,000 |
| Highest paying City | Foster City, CA | Union City, CA |
| Highest paying state | California | California |
| Best paying company | PayPal | Micron Technology |
| Best paying industry | Manufacturing | Automotive |
There are a few differences between a senior sourcing analyst and a material analyst in terms of educational background:
| Senior Sourcing Analyst | Material Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior sourcing analysts' and material analysts' demographics:
| Senior Sourcing Analyst | Material Analyst | |
| Average age | 48 | 48 |
| Gender ratio | Male, 62.8% Female, 37.2% | Male, 53.4% Female, 46.6% |
| 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, 9.0% Unknown, 4.4% Hispanic or Latino, 12.4% Asian, 7.8% White, 65.6% American Indian and Alaska Native, 0.8% |
| LGBT Percentage | 7% | 7% |