Pay for Contract Analysts in the United States sits in the ballpark of $56K annually. With some bonuses approaching $9K and certain profit sharing proceeds approaching $7K, overall incomes of Contract Analysts spread between $40K and $78K depending on individual performance. Location is the biggest factor affecting pay for this group, followed by years of experience. Most receive medical and dental insurance and a strong majority get vision plans. Most Contract Analysts like their work and job satisfaction is high. Women make up the majority of Contract Analysts (66 percent) who completed the questionnaire. The information for this snapshot was generated by responses to the PayScale salary survey.
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$41,020 - $76,226
(Median)
$41K
$56K
$76K
MEDIAN: $56,187
10%
50%
90%

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$15.74 - $29.92
(Median)
$16
$22
$30
MEDIAN: $21.00
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$26K$52K$78K
Salary
$41,020 - $76,226  
   
Bonus
$354.79 - $9,091  
Profit Sharing
$0.00 - $7,200  
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).
)
$39,855 - $77,566  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 435
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$13$26$39
Hourly Rate
$15.74 - $29.92  
   
Overtime
$18.55 - $38.81  
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$26K$52K$78K
Bonus
$354.79 - $9,091  
   
Profit Sharing
$0.00 - $7,200  
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).
)
$39,855 - $77,566  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 91
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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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Though it's uncommon, some Contract Analysts move into roles as Contracts Managers, where pay is an average $78K per year.

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 Procurement, Contract Negotiation, Legal Research, and Project Management are correlated to pay that is above average, with boosts between 4 percent and 6 percent. Skills that are correlated to lower pay, on the other hand, include Microsoft Office and Legal Document Review. Most people skilled in Contract Management are similarly competent in 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.


The average inexperienced worker's salary is approximately $52K, and people with five to 10 years of experience bring in more at around $60K on average. Contract Analysts claiming one to two decades of experience make an estimated median of $60K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $70K on average.

Pay Difference by Location

National Average: $55,420

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

Salt Lake City offers some of the highest pay in the country for Contract Analysts, 26 percent above the national average. Contract Analysts can also look forward to large paychecks in cities like San Diego (+19 percent), Washington (+10 percent), Dallas (+10 percent), and St. Louis (+6 percent). The smallest paychecks in the market, 16 percent south of the national average, can be found in Charlotte. Not at the bottom but still paying below the median are employers in Huntsville and Nashville (16 percent lower and 9 percent lower, respectively).

Related Job Salaries

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Experience Affects Contract Analyst Salaries




National Average
$55,000


Skills That Affect Contract Analyst Salaries

Procurement
up arrow 6%


Legal Research
up arrow 4%

Project Management
up arrow 3%

Contract Management
up arrow 2%

Legal Compliance
up arrow 2%

Financial Analysis
up arrow 1%

National Average
$55,000

Data Analysis
up arrow 1%

Microsoft Excel
up arrow 2%

Legal Document Review
up arrow 4%

Microsoft Office
up arrow 6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 63 votes.

Gender

Female
66 %
Male
34 %

Years of Experience

Less than 1 year
6%
1-4 years
51%
5-9 years
22%
10-19 years
16%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 83%
medical benefits
Vision: 74%
dental benefits
None: 10%
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