Contract Analyst Salary

Contract Analysts in the United States take home approximately $55K annually on average. Including potential for bonuses and profit sharing, each hitting highs of $7K, total cash payment to Contract Analysts can bottom out at $40K or peak near $79K. Geography is the biggest factor affecting pay for this group, followed by career duration. Job satisfaction for Contract Analysts is high. Female Contract Analysts make up most of the survey respondents at 70 percent. Most enjoy medical while a large number get dental coverage. Vision coverage is also available to a strong majority. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
Read More
$40,281 - $77,648

Add this chart to your site: 640px    300px

$15.94 - $31.45

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$27K$54K$81K
Salary
$40,281 - $77,648  
   
Bonus
$0.00 - $7,483  
Profit Sharing
$97.87 - $7,353  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$39,948 - $79,310  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 638
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$14$28$42
Hourly Rate
$15.94 - $31.45  
   
Overtime
$19.80 - $37.83  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Bonus
$0.00 - $7,483  
   
Profit Sharing
$97.87 - $7,353  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$39,948 - $79,310  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 94
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Job Description for Contract Analyst

A contract analyst is responsible for carefully analyzing the details of business contracts to ensure that the terms are equitable for the company and that management is properly instructed on terms and expectations for both parties. It is the responsibility of the contract analyst to make sure that the contract honestly represents the company's commitments, analyzing clauses and understanding stipulations to avoid legal complications. The analyst may be responsible for negotiating with the other party over terms and conditions, and producing drafts of contracts to be reviewed by upper management. They also may examine the backgrounds of the contracting party to verify their reliability.

Read More...

Contract Analyst Tasks

  • Review proposals for changes in contract terms and contract renewals.
  • Ensure that both parties are fulfilling contract obligations.
  • Analyze contract terms to determine the obligations of both parties.
  • Prepare cost estimates based on contract terms.

Common Career Paths for Contract Analyst


Add this chart to your site:   640px 640px    300px 300px


Many Contract Analysts move into a Contracts Manager role, and folks who currently hold that position report a much higher median income of $78K per year. A Contract Specialist or a Contract Administrator is a typical transition from a Contract Analyst role.

Contract Analyst Job Listings

Search for more jobs:

Popular Skills for Contract Analyst


Contract Analysts report using a wide range of professional skills. Most notably, skills in Legal Compliance, Contract Negotiation, Legal Research, and Project Management are correlated to pay that is above average, with boosts in pay of 7 percent. At the other end of the pay range are skills like Microsoft Excel and Data Analysis. Those proficient in Contract Management are, more often than not, also skilled in Microsoft Excel and Financial Analysis.

Pay by Experience Level for Contract Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Contract Analysts with a lot of experience do not necessarily enjoy more money. Respondents with less than five years' experience take home $51K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $59K. Contract Analysts see a median salary of $62K after reaching one to two decades on the job. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $65K.

Pay Difference by Location


For Contract Analysts, busy Washington offers a higher-than-average pay rate, 35 percent above the national average. Contract Analysts can also look forward to large paychecks in cities like Salt Lake City (+25 percent), Los Angeles (+20 percent), Minneapolis (+13 percent), and Dallas (+12 percent). The smallest paychecks in the market, 16 percent south of the national average, can be found in Charlotte. A couple other locations with smaller-than-average paychecks include Nashville and Orlando (7 percent lower).

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Contract Analyst Salaries




National Average
$55,000


Skills That Affect Contract Analyst Salaries




Project Management
up arrow 4%

Financial Analysis
up arrow 1%

Contract Management
0%

National Average
$55,000

Data Analysis
up arrow 5%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 127 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

Less than 1 year
5%
1-4 years
47%
5-9 years
23%
10-19 years
19%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 81%
vision benefits Vision: 71% employee benefits None: 10%
ADVERTISEMENT