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Contract Analyst Salary

An average Contract Analyst in the United States can expect to take home roughly $55K per year. Total cash compensation to Contract Analysts varies from $40K to $79K; higher pay grades include potential for bonuses and profit sharing as high as $8K each. Residence and career duration each impact pay for this group, with the former having the largest influence. A large number report receiving medical coverage from their employers and most collect dental insurance. Job satisfaction is high and work is enjoyable for most Contract Analysts. Participants in PayScale's salary questionnaire provided the particulars of this report.
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$40,148 - $77,746
(Median)
$40K
$55K
$78K
MEDIAN: $54,987
10%
50%
90%

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$15.80 - $32.15
(Median)
$16
$22
$32
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
$40,148 - $77,746  
   
Bonus
$0.00 - $7,550  
Profit Sharing
$100.00 - $7,200  
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).
)
$39,812 - $79,333  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 622
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
$15.80 - $32.15  
   
Overtime
$19.96 - $39.32  
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 - $7,550  
   
Profit Sharing
$100.00 - $7,200  
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).
)
$39,812 - $79,333  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 93

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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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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. Contract Analysts most frequently advance into Contract Administrator and Contract Specialist roles even though the median salaries are $4K lower and $1K lower, respectively.

Contract Analyst Job Listings

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Popular Skills for Contract Analyst


Survey results suggest that Contract Analysts put a wide range of professional skills to use. 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 10 percent. Skills that seem to negatively impact pay include Microsoft Excel and Data Analysis. For most people, competency in Contract Management indicates knowledge of Microsoft Excel and Financial Analysis. The majority of those who know Contract Negotiation also know Financial Analysis.

Pay by Experience Level for Contract Analyst

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


For many Contract Analysts, extensive experience does not lead to significantly more money. Those in the early stages of their career can expect to make around $51K; however, individuals with five to 10 years of experience bring in $58K on average — a distinctly larger sum. Contract Analysts see a median salary of $61K after reaching one to two decades on the job. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $65K.

Pay Difference by Location


Surpassing the national average by 38 percent, Contract Analysts in Washington receive some of the highest pay in the country. Contract Analysts will also find cushy salaries in San Francisco (+28 percent), Salt Lake City (+25 percent), Los Angeles (+20 percent), and Dallas (+14 percent). Charlotte is the lowest-paying area, 16 percent south of the national average. Workers in Chicago and Orlando earn salaries that trail the national average for those in this profession (12 percent less and 7 percent less, respectively).

Related Job Salaries

United States (change)

Experience Affects Contract Analyst Salaries




National Average
$55,000


Skills That Affect Contract Analyst Salaries




Project Management
up arrow 5%

Financial Analysis
up arrow 2%

Contract Management
0%

National Average
$55,000

Data Analysis
up arrow 5%


Job Satisfaction

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

Gender

Female
70 %
Male
30 %

Years of Experience

Less than 1 year
6%
1-4 years
44%
5-9 years
24%
10-19 years
19%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 82%
vision benefits Vision: 72% employee benefits None: 10%