Strategic buyer vs landman

The differences between strategic buyers and landmen can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a strategic buyer and a landman. Additionally, a landman has an average salary of $82,853, which is higher than the $74,725 average annual salary of a strategic buyer.

The top three skills for a strategic buyer include supply chain, purchase orders and strategic sourcing. The most important skills for a landman are ownership reports, title searches, and due diligence.

Strategic buyer vs landman overview

	Strategic Buyer	Landman
Yearly salary	$74,725	$82,853
Hourly rate	$35.93	$39.83
Growth rate	-	3%
Number of jobs	23,156	364
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 73%	Bachelor's Degree, 70%
Average age	48	48
Years of experience	6	6

What does a strategic buyer do?

A strategic buyer defines detailed plans and objectives for each project as per the organization and business unit purchasing strategies. Besides undertaking benchmarking and updating activity and project progress, strategic buyers also control the supply chain actions and supply chain risks to keep the supply chain secure. Also, these professionals negotiate favorable, effective, and precise terms and conditions as per the rules. Moreover, strategic buyers control the projects' risks and create an effective action plan to achieve all project objectives.

What does a landman do?

Landmen are referred to as the public-facing side of a gas, mineral, and oil exploration and production team. They are professionals who interact and negotiate directly with landowners for the acquisition of gas and oil drilling leases. Their duties include acquiring subsurface mineral rights from the landowners. They negotiate mineral rights, which include marketing and leasing right from the owner. The skills necessary for the job include management skills, leadership, communication skills, and attention to detail.

Strategic buyer vs landman salary

Strategic buyers and landmen have different pay scales, as shown below.

	Strategic Buyer	Landman
Average salary	$74,725	$82,853
Salary range	Between $51,000 And $109,000	Between $53,000 And $128,000
Highest paying City	Pleasanton, CA	-
Highest paying state	California	-
Best paying company	Entegris	-
Best paying industry	Manufacturing	-

Differences between strategic buyer and landman education

There are a few differences between a strategic buyer and a landman in terms of educational background:

	Strategic Buyer	Landman
Most common degree	Bachelor's Degree, 73%	Bachelor's Degree, 70%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Strategic buyer vs landman demographics

Here are the differences between strategic buyers' and landmen' demographics:

	Strategic Buyer	Landman
Average age	48	48
Gender ratio	Male, 61.7% Female, 38.3%	Male, 72.8% Female, 27.2%
Race ratio	Black or African American, 8.9% Unknown, 4.4% Hispanic or Latino, 12.3% Asian, 7.7% White, 66.0% American Indian and Alaska Native, 0.8%	Black or African American, 9.3% Unknown, 4.4% Hispanic or Latino, 12.7% Asian, 6.7% White, 66.1% American Indian and Alaska Native, 0.8%
LGBT Percentage	7%	7%

Differences between strategic buyer and landman duties and responsibilities

Strategic buyer example responsibilities.

Manage the implementation of essential MRO procurement initiatives to increase quality of technology while minimizing cost and timing.
Communicate with stakeholders to gather current requirements and specifications to be used within an RFI, RFQ, or RFP.
Analyze MRP forecasts and usage, applying thorough knowledge of the company s products and business objectives for sound procurement decisions.
Monitor inventory in coordination with third-party logistics providers.
Spearhead numerous process enhancements through ERP system automation.
Expedite and administer complex international arrangements for logistics department.

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Landman example responsibilities.

Manage OGA other government agencies (i.e.
Manage the tenant improvement schedules and annual CPI rent increases for tenants in designate office locations.
Manage land-related licensing, permitting and zoning processes including reporting, oversight of requirements and monitoring to ensure compliance.
Manage for multiple medical clients performing tasks such as medical billing, submitting insurance and verifying insurance including Medicare and Medicaid.
Provide results by comparing BLM and county results and transferring the data onto ownership reports for producing wells.
Examine probate and civil case files in court clerk offices in an attempt to fill title gaps or cure title defects.

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Strategic buyer vs landman skills

Common strategic buyer skills

Supply Chain, 17%
Purchase Orders, 6%
Strategic Sourcing, 5%
Supplier Performance, 5%
Cost Reduction, 5%
Continuous Improvement, 5%

Common landman skills

Ownership Reports, 13%
Title Searches, 9%
Due Diligence, 8%
Right-of-Way, 6%
Title Opinions, 6%
RUN Sheets, 5%

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Updated January 8, 2025

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