Contract Analyst Salary

Contract Analysts in the United States take home approximately $55K per year on average. Including potential bonuses and profit sharing proceeds (more than $8K for each in exceptional cases) overall income bottoms out near $40K and hits $80K on the high end. Location and career length each impact pay for this group, with the former having the largest influence. Work is enjoyable for Contract Analysts, who typically claim high levels of job satisfaction. Female Contract Analysts make up most of the survey respondents at 70 percent. A large number report receiving medical coverage from their employers and most collect dental insurance. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$40,074 - $78,114
(Median)
$40K
$55K
$78K
MEDIAN: $55,037
10%
50%
90%

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$15.81 - $31.45
(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
$40,074 - $78,114  
   
Bonus
$0.00 - $7,533  
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).
)
$39,742 - $79,839  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 628
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
$15.81 - $31.45  
   
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 - $7,533  
   
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).
)
$39,742 - $79,839  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 94
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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. A Contract Analyst often moves on to become a Contract Specialist or a Contract Administrator.

Contract Analyst Job Listings

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Popular Skills for Contract Analyst


Contract Analysts report using a pretty varied skill set on the job. 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. Skills that seem to negatively impact pay include Data Analysis and Microsoft Excel. 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.


For Contract Analysts, experience does not seem to be a major factor in determining pay. The average beginner in this position makes around $51K, but folks who have been around for five to 10 years see a markedly higher median salary of $59K. People with 10 to 20 years of experience make an average of about $62K in this role. Veterans who have acquired more than 20 years report a median income of $66K, which is generally higher than the pay reported by other tenure groups.

Pay Difference by Location


For Contract Analysts, busy Washington offers a higher-than-average pay rate, 36 percent above the national average. Contract Analysts will also find cushy salaries in Salt Lake City (+26 percent), Los Angeles (+21 percent), Minneapolis (+14 percent), and Dallas (+12 percent). Charlotte ranks last in the field for pay, reporting salaries 16 percent below the national average. Employers in Chicago and Orlando also lean toward paying below-median salaries (12 percent lower and 7 percent lower, respectively).

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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 6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 131 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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