Contract Analyst Salary (United States)

A typical Contract Analyst in the United States can expect to rake in roughly $54,858 annually. Compensation ranges from $39,622 on the low end to $80,257 per year on the high end. Location is the biggest factor affecting pay for this group, followed by experience level. A strong majority report receiving medical coverage from their employers and the greater part collect dental insurance. Most Contract Analysts are women (71 percent). Job satisfaction for Contract Analysts is high. Figures cited in this summary are based on replies 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:
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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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Additional career progression often leads to a hefty increase in pay for Contract Analysts. At the upper end, those who move into a Contracts Manager role can bring in an extra $23K per year. 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 seem to negatively impact pay include Data Analysis and Microsoft Excel. Most people skilled in Contract Management are similarly competent in 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 in the field does not tend to play a major role in salary decisions; in general, pay does not go up drastically with more experience, and earnings grow incrementally instead. Starting out, salaries fall in the $51K range but grow to $58K after five to 10 years. Between 10 and 20 years, pay reaches $61K. After two decades on the job, Contract Analysts see salary growth dwindle, averaging $65K. Experienced employees who have 10-20 years of experience make up around one in five 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. Between one and nine years of experience is the norm for people in this field—a majority of those surveyed fit this bill.

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. Other big spenders include San Francisco, Houston, Dallas, and New York, top-paying cities where Contract Analysts see paychecks higher than average (+28 percent, +17 percent, +14 percent, and +4 percent). Charlotte is home to the smallest salaries in the field, lagging the national average by 15 percent. St. Louis and Chicago are a couple other places where companies are known to pay below the median—salaries hover around -6 percent and -2 percent, respectively.

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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%