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The differences between talent buyers and contracts administrators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a talent buyer and a contracts administrator. Additionally, a talent buyer has an average salary of $63,807, which is higher than the $52,876 average annual salary of a contracts administrator.
The top three skills for a talent buyer include booking, ticket sales and production coordination. The most important skills for a contracts administrator are contract administration, customer service, and contract management.
| Talent Buyer | Contracts Administrator | |
| Yearly salary | $63,807 | $52,876 |
| Hourly rate | $30.68 | $25.42 |
| Growth rate | - | -6% |
| Number of jobs | 21,472 | 58,038 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 61% |
| Average age | 48 | 48 |
| Years of experience | 6 | 6 |
One must consider a talent buyer as somebody who has full potential, vibes, perseverance, and enthusiasm to do something. To be a talent buyer, aptitude is not the ultimate thing; you must be practical in many facets.
Contract administrators create and manage legal contracts from which the company participates. They ensure that all entities to the contract will accomplish their obligations, as indicated in the contract. They usually work for larger organizations that might be involved with different or highly complex contracts. These organizations spread across a range of industries, including government, construction, and healthcare. Their responsibilities include addressing any conflicts of questions regarding the contract, analyzing the possible risks posed by contracts, and working alongside the legal and procurement teams.
Talent buyers and contracts administrators have different pay scales, as shown below.
| Talent Buyer | Contracts Administrator | |
| Average salary | $63,807 | $52,876 |
| Salary range | Between $41,000 And $99,000 | Between $35,000 And $78,000 |
| Highest paying City | - | Washington, DC |
| Highest paying state | - | Maryland |
| Best paying company | - | Ngam Advisors, L.P. |
| Best paying industry | - | Finance |
There are a few differences between a talent buyer and a contracts administrator in terms of educational background:
| Talent Buyer | Contracts Administrator | |
| Most common degree | Bachelor's Degree, 79% | Bachelor's Degree, 61% |
| Most common major | Music | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between talent buyers' and contracts administrators' demographics:
| Talent Buyer | Contracts Administrator | |
| Average age | 48 | 48 |
| Gender ratio | Male, 67.7% Female, 32.3% | Male, 32.2% Female, 67.8% |
| Race ratio | Black or African American, 9.5% Unknown, 4.4% Hispanic or Latino, 12.9% Asian, 6.3% White, 66.1% American Indian and Alaska Native, 0.8% | Black or African American, 9.2% Unknown, 4.4% Hispanic or Latino, 12.6% Asian, 7.7% White, 65.3% American Indian and Alaska Native, 0.8% |
| LGBT Percentage | 7% | 7% |