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The differences between senior sourcing analysts and senior 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 a senior analyst takes usually requires 2-4 years. Additionally, a senior sourcing analyst has an average salary of $84,801, which is higher than the $84,799 average annual salary of a senior analyst.
The top three skills for a senior sourcing analyst include DOD, CI and intelligence analysis. The most important skills for a senior analyst are analytics, data analysis, and tableau.
| Senior Sourcing Analyst | Senior Analyst | |
| Yearly salary | $84,801 | $84,799 |
| Hourly rate | $40.77 | $40.77 |
| Growth rate | 3% | 11% |
| Number of jobs | 12,504 | 159,807 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 68% |
| 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.
A senior analyst's responsibilities will vary in every organization or industry. However, their primary role is to gain an understanding of a company's strengths and weaknesses. Through this, they can devise strategies and determine new opportunities that would be significant in attaining financial gains and a more substantial client base. Furthermore, it is a senior analyst's responsibility to coordinate with various departments, and even clients, to establish a rapport that will be essential in gaining the needed information to catapult a company to its finest.
Senior sourcing analysts and senior analysts have different pay scales, as shown below.
| Senior Sourcing Analyst | Senior Analyst | |
| Average salary | $84,801 | $84,799 |
| Salary range | Between $63,000 And $112,000 | Between $63,000 And $112,000 |
| Highest paying City | Foster City, CA | San Francisco, CA |
| Highest paying state | California | New Jersey |
| Best paying company | PayPal | The Citadel |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a senior sourcing analyst and a senior analyst in terms of educational background:
| Senior Sourcing Analyst | Senior Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Northwestern University |
Here are the differences between senior sourcing analysts' and senior analysts' demographics:
| Senior Sourcing Analyst | Senior Analyst | |
| Average age | 48 | 44 |
| Gender ratio | Male, 62.8% Female, 37.2% | Male, 61.8% Female, 38.2% |
| 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, 8.4% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |