Contract Analyst Salary (United States)

Contract Analysts in the United States can expect to earn an average of $54,858 annually. Pay generally spreads from $39,622 to $80,257 per year. Total cash compensation approaches anywhere from $39,884 on the lower end to $77,689 on the higher end; in exceptional cases, this can include more than $8,226 from bonuses and upwards of $5,908 from profit sharing. Location and tenure each impact pay for this group, with the former having the largest influence. In this profession, most individuals enjoy medical and dental coverage, and most have vision insurance, as well. Men are in the minority in the field, with female Contract Analysts making up 71 percent of workers. Most workers in this position report high levels of job satisfaction. This outline is derived from replies to PayScale's salary survey.
Contract Analyst Salary (?
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.
)
$39,884 - $77,689
(Median)
40K
55K
66K
78K
MEDIAN: $54,741
10%
50%
75%
90%
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Contract Analyst Salary (?
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.
)
$15.55 - $34.87
(Median)
16
19
26
35
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
$39,884 - $77,689  
   
Bonus
$0.00 - $8,226  
Profit Sharing
$484.79 - $5,908  
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).
)
$39,622 - $80,257  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 543
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
$15.55 - $34.87  
   
Overtime
$19.87 - $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 - $8,226  
   
Profit Sharing
$484.79 - $5,908  
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).
)
$39,622 - $80,257  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 78
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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
  • 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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For Contract Analysts, career advancement usually has a positive, and rather large, impact on pay. Approaching the top of the pay scale, a Contracts Manager will earn $23K more than someone not as far along in their career. Contract Analysts most often move into positions as Contract Administrators or Contract Specialists, where they typically take pay cuts of $4,176 or $1,192 per year.

Contract Analyst Job Listings

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Popular Skills for Contract Analyst

Contract Analysts report using a diverse set of skills on the job. Most notably, skills in Contract Negotiation, Legal Compliance, Legal Research, and Financial Analysis are correlated to pay that is above average, with boosts of 13 percent, 12 percent, 9 percent, and 9 percent, respectively. Skills that pay less than market rate 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.
For Contract Analysts, experience is not a major factor in determining pay, and incremental pay growth is standard. After five to 10 years, starting salaries jump from $51K to $58K. Those with one to two decades of experience under their belt tend to see salaries around $61K. A 20-year tenure heralds decreased salary growth, and Contract Analysts who have made it this far report earning around $65K per year. Experienced employees who have 10-20 years of experience make up 21 percent of the workforce; inexperienced individuals who have been working for less than one year comprise 6 percent, and senior people with more than 20 years under their belt fill out the remaining 6 percent. A majority of respondents report having between one and nine years of experience in this field.

Pay Difference By Location

Washington
up arrow 39%
San Francisco
up arrow 28%
up arrow 17%
Dallas
up arrow 14%
New York
up arrow 4%
Minneapolis
up arrow 3%
Nashville
up arrow 1%
National Average
$55,000
Chicago
up arrow 2%
St. Louis
up arrow 6%
Charlotte
up arrow 15%
Larger circles over a city indicate a job is popular in that location.
For Contract Analysts, busy Washington offers a higher-than-average pay rate, 39 percent above the national average. Other urban areas shelling out big bucks include San Francisco, Houston, Dallas, and New York, where Contract Analysts typically earn around 28 percent, 17 percent, 14 percent, and 4 percent more than usual. In Charlotte, salaries are 15 percent below the national average and represent the lowest-paying market. Two other places where employers offer below-median salaries are St. Louis (-6 percent) and Chicago (-2 percent).

Related Job Salaries

Experience Affects Contract Analyst Salaries

Late-Career
up arrow 18%
National Average
$55,000

Skills That Affect Contract Analyst Salaries

Financial Analysis
up arrow 3%
Contract Management
up arrow 2%
National Average
$55,000
Data Analysis
up arrow 7%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 150 votes.

Gender

Female
71%
female alumni
 
Male
29%
male alumni

Years of Experience

Less than 1 year
6%
1-4 years
43%
5-9 years
23%
10-19 years
21%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 82%
vision benefits Vision: 71% employee benefits None: 10%
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