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The differences between senior sourcing managers and contracts administration managers 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 manager and a contracts administration manager. Additionally, a senior sourcing manager has an average salary of $113,406, which is higher than the $72,869 average annual salary of a contracts administration manager.
The top three skills for a senior sourcing manager include strategic sourcing, project management and category strategies. The most important skills for a contracts administration manager are contract administration, proposal preparation, and contract management.
| Senior Sourcing Manager | Contracts Administration Manager | |
| Yearly salary | $113,406 | $72,869 |
| Hourly rate | $54.52 | $35.03 |
| Growth rate | -6% | -6% |
| Number of jobs | 12,200 | 10,694 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 62% |
| Average age | 47 | 47 |
| Years of experience | 6 | 6 |
A senior sourcing manager is an individual who manages a team that is responsible for identifying necessary products and services that support the daily operations of an organization. Senior sourcing managers are required to manage the overall sourcing strategy of the organization and conduct research to understand its operations needs and requirements. They must build relationships with vendors and key suppliers so that they can negotiate on pricing and control costs. Senior sourcing managers must also propose a yearly budget that depends on the organization's sourcing needs.
Contracts administration managers are responsible for negotiating and administering government and commercial contracts, preparing proposals, and ensuring that they comply with all company policies and legal requirements. These managers report the progress of their projects to top management during meetings. They manage the performance of their staff daily. Their job involves participating in developing, formulating, and revising policies, procedures, and templates. They also support their finance and program teams in communicating with their clients to ensure that invoices are made timely and accurately.
Senior sourcing managers and contracts administration managers have different pay scales, as shown below.
| Senior Sourcing Manager | Contracts Administration Manager | |
| Average salary | $113,406 | $72,869 |
| Salary range | Between $76,000 And $168,000 | Between $46,000 And $114,000 |
| Highest paying City | San Bruno, CA | Arlington, VA |
| Highest paying state | California | Virginia |
| Best paying company | Airbnb | Deloitte |
| Best paying industry | Telecommunication | Utilities |
There are a few differences between a senior sourcing manager and a contracts administration manager in terms of educational background:
| Senior Sourcing Manager | Contracts Administration Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 62% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between senior sourcing managers' and contracts administration managers' demographics:
| Senior Sourcing Manager | Contracts Administration Manager | |
| Average age | 47 | 47 |
| Gender ratio | Male, 63.9% Female, 36.1% | Male, 42.9% Female, 57.1% |
| Race ratio | Black or African American, 9.1% Unknown, 3.8% Hispanic or Latino, 12.3% Asian, 7.5% White, 67.0% American Indian and Alaska Native, 0.3% | Black or African American, 9.2% Unknown, 3.8% Hispanic or Latino, 12.5% Asian, 7.5% White, 66.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |