Strategic buyer vs sponsor

The differences between strategic buyers and sponsors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a strategic buyer, becoming a sponsor takes usually requires 2-4 years. Additionally, a strategic buyer has an average salary of $74,725, which is higher than the $51,039 average annual salary of a sponsor.

The top three skills for a strategic buyer include supply chain, purchase orders and strategic sourcing. The most important skills for a sponsor are patients, leadership, and mathematics.

Strategic buyer vs sponsor overview

	Strategic Buyer	Sponsor
Yearly salary	$74,725	$51,039
Hourly rate	$35.93	$24.54
Growth rate	-	8%
Number of jobs	23,156	2,062
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 73%	Bachelor's Degree, 66%
Average age	48	42
Years of experience	6	4

Strategic buyer vs sponsor salary

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

	Strategic Buyer	Sponsor
Average salary	$74,725	$51,039
Salary range	Between $51,000 And $109,000	Between $31,000 And $84,000
Highest paying City	Pleasanton, CA	-
Highest paying state	California	-
Best paying company	Entegris	-
Best paying industry	Manufacturing	-

Differences between strategic buyer and sponsor education

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

	Strategic Buyer	Sponsor
Most common degree	Bachelor's Degree, 73%	Bachelor's Degree, 66%
Most common major	Business	Education
Most common college	University of Pennsylvania	Northwestern University

Strategic buyer vs sponsor demographics

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

	Strategic Buyer	Sponsor
Average age	48	42
Gender ratio	Male, 61.7% Female, 38.3%	Male, 40.1% Female, 59.9%
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, 10.1% Unknown, 5.1% Hispanic or Latino, 11.9% Asian, 5.3% White, 67.0% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	12%

Differences between strategic buyer and sponsor 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.

Sponsor example responsibilities.

Lead information management, collaboration, CRM, and business intelligence initiatives.
Review CRF's for comparison to SAE reports.
Co-Found school's chapter of a national mathematics honor society.
Prepare and submit SAE information to sponsor, prepare patient inform consents.
Correspond with field CRAs (sponsor and CRO) to ensure efficacy of study.
Organize fundraisers, whole class activities, service projects, prom, and project graduation.

Strategic buyer vs sponsor skills

Common strategic buyer skills

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

Common sponsor skills

Patients, 28%
Leadership, 21%
Mathematics, 8%
CPR, 6%
Co-Sponsor, 5%
Financial Statements, 3%