Contract Analyst Salary

Contract Analysts in the United States can expect wages of $55K per year on average. Including potential for bonuses and profit sharing, each hitting highs of $8K, total cash payment to Contract Analysts can bottom out at $40K or peak near $80K. Geographic location and career duration each impact pay for this group, with the former having the largest influence. Female Contract Analysts make up most of the survey respondents at 70 percent. Most Contract Analysts like their work and job satisfaction is high. A large number enjoy medical while most get dental coverage. Vision coverage is also available to a fair number. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$40,130 - $78,148
(Median)
$40K
$55K
$78K
MEDIAN: $55,141
10%
50%
90%

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$15.82 - $31.22
(Median)
$16
$22
$31
MEDIAN: $21.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$27K$54K$81K
Salary
$40,130 - $78,148  
   
Bonus
$0.00 - $7,679  
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).
)
$39,735 - $79,858  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 636
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$14$28$42
Hourly Rate
$15.82 - $31.22  
   
Overtime
$19.76 - $37.92  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$28K$56K$84K
Bonus
$0.00 - $7,679  
   
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).
)
$39,735 - $79,858  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 95
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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 who move on to become Contracts Managers may enjoy significant pay raises, as Contracts Managers get paid an average of $78K per year. It is not unusual for a Contract Analyst to become a Contract Specialist or a Contract Administrator.

Contract Analyst Job Listings

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Popular Skills for Contract Analyst


Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Contract Negotiation, Legal Compliance, Legal Research, and Project Management are correlated to pay that is above average, with boosts between 6 percent and 8 percent. At the other end of the pay range are skills like Microsoft Excel and Data Analysis. It is often found that people who know Contract Management are 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.


More years of relevant experience do not necessarily translate to higher paychecks. The average worker who claims fewer than five years of experience earns around $51K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $59K. On average, Contract Analysts make $62K following one to two decades on the job. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $66K, demonstrating that compensation is roughly commensurate with experience in the end.

Pay Difference by Location


Surpassing the national average by 35 percent, Contract Analysts in Washington receive some of the highest pay in the country. Contract Analysts will also find cushy salaries in Salt Lake City (+25 percent), Los Angeles (+20 percent), Minneapolis (+13 percent), and Dallas (+12 percent). Charlotte is the lowest-paying area, 16 percent south of the national average. Employers also pay below the national average in Chicago (12 percent lower) and Nashville (7 percent lower).

Related Job Salaries

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Experience Affects Contract Analyst Salaries




National Average
$55,000


Skills That Affect Contract Analyst Salaries




Project Management
up arrow 4%

Financial Analysis
up arrow 2%

Contract Management
0%

National Average
$55,000

Data Analysis
up arrow 5%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 129 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: 11%
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