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The differences between strategic planning analysts and procurement analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a strategic planning analyst and a procurement analyst. Additionally, a strategic planning analyst has an average salary of $77,834, which is higher than the $64,448 average annual salary of a procurement analyst.
The top three skills for a strategic planning analyst include powerpoint, data analysis and market research. The most important skills for a procurement analyst are purchase orders, supplier performance, and customer service.
| Strategic Planning Analyst | Procurement Analyst | |
| Yearly salary | $77,834 | $64,448 |
| Hourly rate | $37.42 | $30.98 |
| Growth rate | 11% | 11% |
| Number of jobs | 58,606 | 75,154 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 69% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A strategic planning analyst specializes in developing strategies to help businesses deal with organizational issues and reach their short and long-term goals. Among their responsibilities include understanding the company's needs and goals, performing extensive research and analysis to identify client and business opportunities, setting up guidelines and timelines, gathering and analyzing data to identify the strengths and weaknesses of current operations, and developing analytical models and forecasts. Moreover, a strategic planning analyst must recommend solutions while adhering to the company's policies and regulations.
Procurement analysts procure favorable contracts by acting as liaisons between suppliers and their employers. They are hired by organizations that rely on supply chain management to analyze and evaluate potential suppliers, prepare reports about monthly supply costs, and negotiate contracts. With good critical thinking skills, these procurement analysts who are also known as purchasing analysts, evaluate vendors and suppliers based on the speed of delivery, quality, and price. They use quantitative methods to support fact-based decision-making to become competitive and to ensure cost-efficiency and high quality of the products and services.
Strategic planning analysts and procurement analysts have different pay scales, as shown below.
| Strategic Planning Analyst | Procurement Analyst | |
| Average salary | $77,834 | $64,448 |
| Salary range | Between $54,000 And $110,000 | Between $45,000 And $91,000 |
| Highest paying City | Arlington, VA | Washington, DC |
| Highest paying state | Virginia | Maryland |
| Best paying company | Meta | PayPal |
| Best paying industry | Hospitality | Retail |
There are a few differences between a strategic planning analyst and a procurement analyst in terms of educational background:
| Strategic Planning Analyst | Procurement Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between strategic planning analysts' and procurement analysts' demographics:
| Strategic Planning Analyst | Procurement Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 55.5% Female, 44.5% | Male, 47.7% Female, 52.3% |
| Race ratio | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.4% Asian, 14.2% White, 65.4% American Indian and Alaska Native, 0.2% | Black or African American, 8.2% Unknown, 4.5% Hispanic or Latino, 9.0% Asian, 11.8% White, 66.4% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |