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Contract Analyst Salary

Median pay for Contract Analysts in the United States lies in the neighborhood of $55K per year. Overall cash earnings for Contract Analysts stretch from $40K on the lower end to $81K near the top, and the heftiest packages can encompass around $8K from bonuses and $7K from profit sharing. Residence and career length each impact pay for this group, with the former having the largest influence. Men are in the minority of survey respondents, with female Contract Analysts making up 71 percent. Work is enjoyable for Contract Analysts, who typically claim high levels of job satisfaction. Medical benefits are awarded to a large number, and most earn dental coverage. This report is based on answers to PayScale's salary questionnaire.
$40,106 - $78,103
(Median)
40K
55K
67K
78K
MEDIAN: $55,051
10%
50%
75%
90%

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$15.59 - $34.32
(Median)
16
19
26
34
MEDIAN: $21.00
10%
25%
75%
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
$40,106 - $78,103  
   
Bonus
$0.00 - $7,973  
Profit Sharing
$99.33 - $7,248  
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).
)
$39,827 - $80,570  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 592
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
$15.59 - $34.32  
   
Overtime
$19.91 - $41.56  
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 - $7,973  
   
Profit Sharing
$99.33 - $7,248  
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).
)
$39,827 - $80,570  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 87
United States (change)

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 usually experience a big boost in pay as they move up the career ladder to upper-level roles like Contracts Manager. The average pay for a Contracts Manager is $78K annually. Contract Analysts most frequently become Contract Administrators and Contract Specialists even though median compensation is $4K lower and $1K lower, respectively.

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 Financial Analysis are correlated to pay that is above average, with boosts between 10 percent and 12 percent. Skills that seem to negatively impact pay include Data Analysis and Microsoft Excel. Most people experienced in Contract Management also know Financial Analysis and Microsoft Excel.

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. Salaries of relatively inexperienced workers fall in the neighborhood of $51K, but folks who have racked up five to 10 years see a notably higher median of $58K. Contract Analysts with one to two decades of relevant experience report an average salary of approximately $61K. Old hands boasting more than twenty years of relevant experience report pay that is more or less commensurate with that extensive experience; average earnings for this group come out to approximately $66K.

Pay Difference by Location


For Contract Analysts, working in the bustling city of Washington has its advantages, including an above-average pay rate. Contract Analysts will also find cushy salaries in San Francisco (+28 percent), Los Angeles (+20 percent), Salt Lake City (+18 percent), and Dallas (+18 percent). The smallest paychecks in the market, 16 percent south of the national average, can be found in Charlotte. Below-median salaries also turn up in Chicago and St. Louis (12 percent lower and 7 percent lower, respectively).

Related Job Salaries

Experience Affects Contract Analyst Salaries

Late-Career
up arrow 20%



National Average
$55,000


Skills That Affect Contract Analyst Salaries




Contract Management
up arrow 1%

Financial Analysis
up arrow 1%

National Average
$55,000


Data Analysis
up arrow 8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 152 votes.

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
6%
1-4 years
43%
5-9 years
24%
10-19 years
21%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 81%
vision benefits Vision: 71% employee benefits None: 10%