Contract Specialist Salary

An average Contract Specialist in the United States can expect to take home roughly $59K per year. Total cash compensation to Contract Specialists approaches anywhere from $38K on the lower end to $88K on the higher end; in exceptional cases, this can include more than $7K from bonuses and upwards of $5K from profit sharing. This group's pay is mainly influenced by career length, followed by the particular city and the individual firm. Most workers in this position report high levels of job satisfaction. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Women make up the majority of Contract Specialists (61 percent) who completed the questionnaire. The information for this snapshot was generated by responses to the PayScale salary survey.
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$39,940 - $88,120
(Median)
$40K
$59K
$88K
MEDIAN: $58,739
10%
50%
90%

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$14.17 - $36.15
(Median)
$14
$21
$36
MEDIAN: $20
10%
50%
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
$39,940 - $88,120  
   
Bonus
$0.00 - $7,273  
Profit Sharing
$4.21 - $5,096  
Commission
$0.00 - $8,139  
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).
)
$38,171 - $88,239  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 1,731
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
$14.17 - $36.15  
   
Overtime
$18.85 - $46.21  
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 - $7,273  
   
Commission
$0.00 - $8,139  
Profit Sharing
$4.21 - $5,096  
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).
)
$38,171 - $88,239  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 344
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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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Though some Contract Specialists move into positions like Senior Contracts Manager (where the average salary is $107K), this progression is not the norm. Becoming a Contracts Manager is, more often than not, the most common role that Contract Specialists move into when they're ready for the next step in their career. The average salary for the position is $78K. Another frequent advance is for Contract Specialists to assume a Contract Administrator role; in this role, workers often earn $51K.

Contract Specialist Job Listings

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Popular Employer Salaries for Contract Specialist


Dominating the field, U.S. Army, U.S. Air Force (USAF), U.S. Department of Defense, Department of Veteran's Affairs, and U.S. Navy are top firms with a reputation for hiring a great number of Contract Specialists. U.S. General Services Administration offers the largest salaries in town — $74K on average.

U.S. Department of Defense offers the smallest salaries in town — $50K on average — but the considerable range in workers' salaries (stretching from $36K to $99K) creates a rather varied pay scale.

Popular Skills for Contract Specialist


Survey results imply that Contract Specialists deploy a substantial tool kit of skills at work. Most notably, skills in Project Management, Negotiation, Procurement, and Contract Negotiation are correlated to pay that is above average, with boosts between 16 percent and 18 percent. Skills that pay less than market rate include Microsoft Excel. Most people experienced in Contract Management also know Customer Relationship Management (CRM).

Pay by Experience Level for Contract Specialist

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


For many Contract Specialists, extensive experience does not lead to significantly more money. Workers in their first five years can expect to earn $53K, but people who have been around for five to 10 years earn a noticeably bigger sum of $64K. Contract Specialists claiming one to two decades of experience make an estimated median of $65K. Ultimately, more time spent in the workforce does seem to translate to bigger paychecks; seasoned veterans with more than 20 years of experience report a median income of $78K.

Pay Difference by Location


For Contract Specialists, busy Washington offers a higher-than-average pay rate, 29 percent above the national average. Contract Specialists will also find cushy salaries in Arlington (+24 percent), San Diego (+16 percent), New York (+14 percent), and Atlanta (+14 percent). In San Antonio, salaries are 14 percent below the national average and represent the lowest-paying market. A couple other locations with smaller-than-average paychecks include Raleigh (12 percent lower) and Chicago (7 percent lower).

Related Job Salaries

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Experience Affects Contract Specialist Salaries




National Average
$58,000


Skills That Affect Contract Specialist Salaries

Project Management
up arrow 18%


Procurement
up arrow 16%


Legal Research
up arrow 8%


Legal Compliance
up arrow 7%


Legal Document Review
up arrow 5%

Customer Relationship Management (CRM)
up arrow 1%

Proposal Writing
up arrow 1%

National Average
$58,000

Customer Service
up arrow 3%

Microsoft Excel
up arrow 11%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 402 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
4%
1-4 years
45%
5-9 years
29%
10-19 years
16%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 77%
vision benefits Vision: 66% employee benefits None: 11%
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