Contract Analyst Salary

The average Contract Analyst in the United States earns approximately $55K annually. Cash earnings for Contract Analysts — which occasionally include more than $8K from bonuses and more than $7K from profit sharing — stretch from around $40K to approximately $79K. Residence is the biggest factor affecting pay for this group, followed by career duration. Women account for the majority of Contract Analysts who responded to the questionnaire — 68 percent to be exact. Medical benefits are awarded to most, and a large number earn dental coverage. Work is enjoyable for Contract Analysts, who typically claim high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.
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$40,435 - $77,185
(Median)
$40K
$55K
$77K
MEDIAN: $55,199
10%
50%
90%

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$16.00 - $33.09
(Median)
$16
$22
$33
MEDIAN: $22.00
10%
50%
90%

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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
$40,435 - $77,185  
   
Bonus
$0.00 - $7,905  
Profit Sharing
$0.00 - $7,152  
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).
)
$39,821 - $79,160  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 690
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$15$30$45
Hourly Rate
$16.00 - $33.09  
   
Hourly Tips
$0.00  
Overtime
$19.77 - $44.24  
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$30K$60K$90K
Bonus
$0.00 - $7,905  
   
Profit Sharing
$0.00 - $7,152  
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).
)
$39,821 - $79,160  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 109
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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.

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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


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Contract Analysts might see a strong upturn in salary after transitioning into upper-level roles such as Contracts Manager, a seemingly popular career choice. People currently working in the latter position report a noticeably 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

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Popular Skills for Contract Analyst


Contract Analysts seem to require a number of specific skills. Most notably, skills in Legal Compliance, Contract Negotiation, Legal Research, and Project Management are correlated to pay that is above average, with boosts between 4 percent and 9 percent. Skills that pay less than market rate include Data Analysis and Microsoft Excel. The majority of those who know Contract Management also know 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.


Experience does not seem to be a strong driver of pay increase in this role. Relatively untried employees who have less than five years' experience make $51K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $60K. For Contract Analysts, 10 to 20 years of experience on the job amounts to an average salary of $62K. Veterans who have acquired more than 20 years report a median income of $69K, which is generally higher than the pay reported by other tenure groups.

Pay Difference by Location

National Average: $55,030

Larger city markers indicate a job is popular in that 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 Minneapolis (+16 percent), Dallas (+13 percent), Los Angeles (+7 percent), and St. Louis (+7 percent). With compensation 16 percent below the national average, Charlotte is not known for hefty paychecks and actually represents the lowest-paying market. Workers in Huntsville and Nashville earn salaries that trail the national average for those in this profession (16 percent less and 9 percent less, respectively).

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Experience Affects Contract Analyst Salaries




National Average
$55,000


Skills That Affect Contract Analyst Salaries



Legal Research
up arrow 4%

Project Management
up arrow 4%

Contract Management
0%

Financial Analysis
0%

National Average
$55,000


Data Analysis
up arrow 6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 122 votes.

Gender

Female
68 %
Male
32 %

Years of Experience

Less than 1 year
6%
1-4 years
49%
5-9 years
22%
10-19 years
18%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 81%
medical benefits
Vision: 72%
dental benefits
None: 11%
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