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Contract Specialist Salary

Earnings for Contract Specialists in the United States come in at around $59K per year on average. Cash earnings for Contract Specialists — which occasionally include more than $7K from bonuses and more than $5K from profit sharing — stretch from around $38K to approximately $89K. Career duration is the biggest factor affecting pay for this group, followed by the particular city and the particular employer. Female Contract Specialists survey participants are more prevalent than men — 61 percent of professionals. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. Most Contract Specialists report high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.
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$39,942 - $89,039
(Median)
40K
48K
59K
73K
89K
MEDIAN: $58,970
10%
25%
50%
75%
90%

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$14.24 - $35.20
(Median)
14
17
21
27
35
MEDIAN: $20
10%
25%
50%
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$30K$60K$90K
Salary
$39,942 - $89,039  
   
Bonus
$0.00 - $7,163  
Profit Sharing
$4.21 - $5,084  
Commission
$0.00 - $8,223  
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).
)
$38,014 - $89,129  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 1,638
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$16$32$48
Hourly Rate
$14.24 - $35.20  
   
Overtime
$19.53 - $46.10  
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$32K$64K$96K
Bonus
$0.00 - $7,163  
   
Commission
$0.00 - $8,223  
Profit Sharing
$4.21 - $5,084  
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).
)
$38,014 - $89,129  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 326
United States (change)

Job Description for Contract Specialist

  • Negotiate contract terms with clientele.
  • Edit or amend contracts and handles terms of contract breach.
  • Prepare, review and evaluate contracts for compliance of legality and for profitability if applicable.

Common Career Paths for Contract Specialist


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For Contract Specialists, career progression to a Senior Contracts Manager role may result in a considerable increase in compensation. On average, a Senior Contracts Manager, an upper-level role, can earn $107K annually. With an annual salary of $78K, Contracts Manager is the most common role for Contract Specialists to subsequently assume on their way up the ladder. Transitioning into a Contract Administrator role — which usually pays $51K — is also typical for Contract Specialists, though less common by comparison.

Contract Specialist Job Listings

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Popular Employer Salaries for Contract Specialist


U.S. Army, U.S. Air Force (USAF), U.S. Department of Defense, Department of Veteran's Affairs, and U.S. Navy are all popular places to work. For Contract Specialists, comfortable salaries can be found at U.S. General Services Administration; in fact, median earnings sit around $76K, the highest in the area.

Although U.S. Department of Defense hands out the lowest average salary in town at $52K, employee compensation still varies greatly; workers can make as little as $33K or as much as $103K.

Popular Skills for Contract Specialist


Contract Specialists report using a large range of skills on the job. Most notably, skills in Negotiation, Procurement, Contract Negotiation, and Financial Analysis are correlated to pay that is above average, with boosts between 12 percent and 18 percent. Skills that pay less than market rate include Microsoft Excel. Those educated in Contract Management tend to be well versed in Customer Relationship Management (CRM).

Pay by Experience Level for Contract Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Contract Specialists generally obtain higher compensation for more plentiful past experience. The median compensation for relatively untried workers is $53K; in the five-to-10 year group, it's higher at around $63K. On average, Contract Specialists make $66K following one to two decades on the job. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $81K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

Pay Difference by Location


With a pay rate for Contract Specialists that is 34 percent greater than the national average, New York offers a comfortable salary for those in this profession. Contract Specialists will also find cushy salaries in Washington (+28 percent), Houston (+19 percent), Arlington (+15 percent), and Los Angeles (+14 percent). San Antonio ranks last in the field for pay, reporting salaries 15 percent below the national average. Two other places where employers offer below-median salaries are Raleigh (13 percent less) and Dallas (5 percent less).

Related Job Salaries

Experience Affects Contract Specialist Salaries




National Average
$58,000


Skills That Affect Contract Specialist Salaries


Procurement
up arrow 16%



Legal Compliance
up arrow 7%


Project Management
up arrow 4%

Proposal Writing
up arrow 3%

Customer Relationship Management (CRM)
up arrow 2%

National Average
$58,000

Customer Service
up arrow 3%

Microsoft Excel
up arrow 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 483 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
4%
1-4 years
45%
5-9 years
30%
10-19 years
15%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 77%
vision benefits Vision: 65% employee benefits None: 11%