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Contract Analyst Salary (United States)

For Contract Analysts, annual wages usually total $55K per year. Cash earnings for Contract Analysts — which occasionally include more than $8K from bonuses and more than $6K from profit sharing — stretch from around $40K to approximately $80K. Location and tenure each impact pay for this group, with the former having the largest influence. The greater part report receiving medical coverage from their employers and a strong majority collect dental insurance. Men working as Contract Analysts are solidly outnumbered, with women representing 71 percent of workers. Job satisfaction is reported as high by the vast majority of workers. This report is based on answers to PayScale's salary questionnaire.
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  
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  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 78
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Location:
Years in Field/Career:
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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Compensation usually increases greatly for Contract Analysts who advance to upper-end positions like Contracts Manager. Contracts Managers usually make $78K per year. A lot of Contract Analysts advance their careers by becoming Contract Administrators and Contract Specialists. However, those positions offer $4K less and $1K less per year on average.

Contract Analyst Job Listings

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Popular Skills for Contract Analyst

Survey results suggest that Contract Analysts use a fairly large toolkit of professional skills. 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. At the other end of the pay range are skills like Data Analysis and Microsoft Excel. For most people, competency in Contract Management indicates knowledge of 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 does not seem to be a major factor in determining pay. Workers in their first five years can expect to earn $51K, but people who have been around for five to 10 years earn a noticeably bigger sum of $58K. Contract Analysts who work for 10 to 20 years in their occupation tend to earn about $61K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $65K. In this field, workers tend to have anywhere from one to nine years of experience — of those surveyed, more than half land within this range. Experienced employees who have 10-20 years of experience make up roughly a fifth of the workforce; inexperienced individuals who have been working for less than one year comprise fewer than one in ten, and senior people with more than 20 years under their belt fill out the remaining less than one-tenth.

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.
Washington is home to an above-average pay rate for Contract Analysts, 39 percent higher than the national average. Also paying near the top of the field are San Francisco, Houston, Dallas, and New York, where Contract Analysts annually earn 28 percent, 17 percent, 14 percent, and 4 percent more than the national average. 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 less) and Chicago (2 percent less).

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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%