Bid Manager Salary
Bid Managers in the United States can expect wages of $71K per year on average. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Most workers in this position report high levels of job satisfaction. Women Bid Managers who took the survey just slightly outnumber men. A large number enjoy medical while a majority get dental coverage. Vision coverage is also available to the larger part. Participants in PayScale's salary questionnaire provided the particulars of this report.
Job Description for Bid Manager
A bid manager oversees the process of bidding on contracts, from initial development and structuring to placing the bid to follow-up. They typically oversee a team that gathers the necessary information, performs cost analysis, and completes other tasks that are necessary to create an accurate and successful bid. Additionally, the bid manager is responsible for reporting the status of bids to executive management. An average day for a bid manager involves assessing the status of bids in progress, checking in with colleagues and department team members, reporting to direct supervisors, performing research, and refining bid data to present a polished bid. The job takes place primarily indoors, though in some cases travel and on-site inspection may be necessary for the manager to gather additional information for project completion.Read More...
Requirements for the position of bid manager vary by company, as well as the specific product or service for bid. In general, candidates are expected to hold a bachelor's degree in business administration or a related field. They should also have experience in the organization's field. Individuals who work as bid managers have usually worked as junior bid associates and accumulated significant experience prior to taking on a more senior role. Individuals who work as bid managers must have excellent interpersonal skills, as well as time management and multitasking skills.
Bid Manager Tasks
- Ensure review of the bid process and contract.
- Monitor progress and resolve issues that arise.
- Manage the bid budget.
- Manage large bids.
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Pay by Experience Level for Bid Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
The median compensation for relatively untried workers is $54K; in the five-to-10 year group, it's higher at around $70K. Between 10 and 20 years, pay surpasses six figures; at this stage, the average professional scores around $101K. Folks who claim more than 20 years of relevant experience actually report a comparatively lower median income of $89K.
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Key Stats for Bid Manager
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