Contract Analyst Salary

Median pay for Contract Analysts in the United States is around $57K annually. In the world of Contract Analysts, overall cash allowance can occasionally include more than $10K from bonuses and, in some exceptional cases, $5K from profit sharing, causing incomes to vary widely between $40K and $80K. Residence is the biggest factor affecting pay for this group, followed by experience level. More than half of Contract Analysts (65 percent) survey participants are women. Job satisfaction is reported as high by the vast majority of workers. Most enjoy medical while a large number get dental coverage. Vision coverage is also available to a strong majority. The data in this summary comes from the PayScale salary survey.
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$42,402 - $79,264
$42K
$57K
$79K
MEDIAN: $57,234
10%
50%
90%

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$15.33 - $30.30
$15
$22
$30
MEDIAN: $21.85
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
$42,402 - $79,264  
   
Bonus
$347.65 - $9,878  
Profit Sharing
$0.00 - $5,068  
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).
)
$40,253 - $79,617  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 424
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
$15.33 - $30.30  
   
Overtime
$19.39 - $41.22  
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
$347.65 - $9,878  
   
Profit Sharing
$0.00 - $5,068  
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).
)
$40,253 - $79,617  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 97

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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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While Contract Analysts do not often become Contracts Managers, the job pays $78K per year on average.

Contract Analyst Job Listings

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Popular Skills for Contract Analyst


Survey takers working as Contract Analysts report using a large range of professional skills. Most notably, skills in Contract Negotiation, Legal Research, Procurement, and Contract Management are correlated to pay that is above average, with boosts in pay of 5 percent. Skills that seem to negatively impact pay include Microsoft Office and Legal Document Review. Most people familiar with Contract Management also know Microsoft Excel and Financial Analysis.

Pay by Experience Level for Contract Analyst

Pay by Experience for a Contract Analyst has a positive trend. An entry-level Contract Analyst with less than 5 years of experience can expect to earn an average total compensation of $54,000 based on 349 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Contract Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $62,000 based on 140 salaries. An experienced Contract Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $60,000 based on 91 salaries. A Contract Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $70,000 based on 26 salaries.

Pay Difference by Location

National Average: $56,191

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

Surpassing the national average by 12 percent, Contract Analysts in Houston receive some of the highest pay in the country. Contract Analysts can also look forward to large paychecks in cities like San Diego (+12 percent), Dallas (+8 percent), Raleigh (+8 percent), and Washington (+7 percent). Charlotte ranks last in the field for pay, reporting salaries 17 percent below the national average. Workers in Huntsville and Nashville earn salaries that trail the national average for those in this profession (17 percent less and 10 percent less, 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 57 votes.
Less than 1 year
7%
1-4 years
51%
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

▲24%

▲9%

▲7%

National Average
$56,000

▼4%

Skills That Affect Contract Analyst Salaries



Procurement
▲5%




Project Management
▲1%

National Average
$56,000



Legal Document Review
▼5%

Microsoft Office
▼6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 57 votes.

Gender

Female
65 %
Male
35 %

Years of Experience

Less than 1 year
7%
1-4 years
51%
5-9 years
21%
10-19 years
16%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 81%
vision benefits
Vision: 72%
no benefits
None: 11%