Contract Analyst Salary

On average, commissions constitute a fair portion (just under a third) of final income for Contract Analysts. That final number averages out to $56K across the industry. With some bonuses approaching $10K and certain profit sharing proceeds approaching $5K, overall incomes of Contract Analysts spread between $41K and $79K depending on individual performance. Location and career length each impact pay for this group, with the former having the largest influence. More than half of Contract Analysts (65 percent) survey participants are women. Job satisfaction is high and work is enjoyable for most Contract Analysts. Medical benefits are awarded to a large number, and most earn dental coverage. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$42,250 - $78,857
$42K
$57K
$79K
MEDIAN: $56,946
10%
50%
90%

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$15.29 - $30.09
$15
$23
$30
MEDIAN: $22.50
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
$42,250 - $78,857  
   
Bonus
$426.62 - $9,771  
Profit Sharing
$0.00 - $5,034  
Commission
$17,500  
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).
)
$40,642 - $79,366  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 446
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
$15.29 - $30.09  
   
Overtime
$19.39 - $38.29  
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
$426.62 - $9,771  
   
Commission
$17,500  
Profit Sharing
$0.00 - $5,034  
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).
)
$40,642 - $79,366  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 95

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United States (change)

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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

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

Common Career Paths for Contract Analyst


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Contract Analysts sometimes assume positions such as Contracts Managers. That role pays $78K per year on average.

Contract Specialist Job Listings

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Popular Skills for Contract Analyst


Contract Analysts report using a deep pool of skills on the job. Most notably, skills in Contract Negotiation, Procurement, Legal Research, and Contract Management are correlated to pay that is above average, with boosts of 6 percent, 5 percent, 4 percent, and 4 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Microsoft Office and Legal Document Review. For most people, competency in Contract Management indicates knowledge of 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.


Those who have worked for fewer than five years take home a median salary of $54K, and workers with five to 10 years of experience earn a higher $61K on average. Contract Analysts who work for 10 to 20 years in their occupation tend to earn about $60K. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $70K.

Pay Difference by Location

National Average: $56,204

Larger city markers indicate a job is popular in that location.

Contract Analysts will find that Houston offers an impressive pay rate, one which exceeds the national average by 12 percent. Contract Analysts will also find cushy salaries in San Diego (+12 percent), Raleigh (+8 percent), Washington (+7 percent), and St. Louis (+5 percent). Charlotte ranks last in the field for pay, reporting salaries 17 percent below the national average. Huntsville and Nashville are a couple other places where companies are known to pay below the median — salaries are 17 percent lower and 10 percent lower, respectively.

Related Job Salaries

Key Stats for Contract Analyst

Gender

Female
65 %
Male
35 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 65 votes.
Less than 1 year
7%
1-4 years
50%
5-9 years
21%
10-19 years
16%
20 years or more
5%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Contract Analyst Salaries

▲25%

▲9%

▲7%

National Average
$56,000

▼5%

Skills That Affect Contract Analyst Salaries


Procurement
▲5%





Project Management
▲1%

National Average
$56,000



Legal Document Review
▼5%

Microsoft Office
▼7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 65 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
7%
1-4 years
50%
5-9 years
21%
10-19 years
16%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 82%
vision benefits
Vision: 74%
dental benefits
None: 10%
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