Contract Specialist Salary

Contract Specialists in the United States take home approximately $59K annually on average. In the world of Contract Specialists, overall income ranges from $38K near the bottom to $88K at the top; this can include more than $7K from bonuses and more than $5K from profit sharing in exceptional cases. Career length is the biggest factor affecting pay for this group, followed by geography and the specific company. Job satisfaction for Contract Specialists is high. Women make up the majority of Contract Specialists (61 percent) who completed the questionnaire. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$39,972 - $88,263

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$14.20 - $36.08

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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$30K$60K$90K
Salary
$39,972 - $88,263  
   
Bonus
$0.00 - $7,118  
Profit Sharing
$346.00 - $5,112  
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).
)
$38,219 - $88,302  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 1,738
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$16$32$48
Hourly Rate
$14.20 - $36.08  
   
Overtime
$18.56 - $46.17  
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$32K$64K$96K
Bonus
$0.00 - $7,118  
   
Commission
$0.00 - $8,139  
Profit Sharing
$346.00 - $5,112  
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).
)
$38,219 - $88,302  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 348
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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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Contract Specialists sometimes assume positions such as Senior Contracts Managers. That role pays $106K per year on average. Going from Contract Specialist to Contracts Manager is the transition that occurs most often in this field, where the paychecks are $78K. Many others choose to work as Contract Administrators, where pay is typically $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. Heading up the field in terms of compensation, U.S. General Services Administration offers the most; Contract Specialists earn $74K on average there. Also paying near the top of the field are U.S. Army at $71K, U.S. Navy at $69K, and Department of Veteran's Affairs, where Contract Specialists annually earn $65K.

Though certain workers may see earnings of up to $99K, U.S. Department of Defense still falls short in the compensation department — the median pay is only $50K, the lowest in the field. Others at the bottom of the scale for this job include Raytheon Co. at $53K, and U.S. Air Force (USAF) where $57K is the norm, but it is worth noting that some Contract Specialists there earn up to $77K.

Popular Skills for Contract Specialist


Survey takers working as Contract Specialists report using a large range of professional skills. Most notably, skills in Project Management, Procurement, Negotiation, and Contract Negotiation are correlated to pay that is above average, with boosts between 16 percent and 19 percent. Skills that are correlated to lower pay, on the other hand, 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 Contract Specialists, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Relatively untried employees who have less than five years' experience make $53K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $64K. Contract Specialists claiming one to two decades of experience make an estimated median of $65K. Veterans who have acquired more than 20 years report a median income of $78K, which is generally higher than the pay reported by other tenure groups.

Pay Difference by Location


For Contract Specialists, busy Washington offers a higher-than-average pay rate, 30 percent above the national average. Contract Specialists can also look forward to large paychecks in cities like Arlington (+24 percent), San Diego (+17 percent), Houston (+15 percent), and Atlanta (+15 percent). Raleigh ranks last in the field for pay, reporting salaries 14 percent below the national average. Two other places where employers offer below-median salaries are San Antonio (14 percent less) and Chicago (10 percent less).

Related Job Salaries

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Experience Affects Contract Specialist Salaries




National Average
$57,000


Skills That Affect Contract Specialist Salaries

Project Management
up arrow 19%


Procurement
up arrow 16%


Legal Research
up arrow 9%



Legal Document Review
up arrow 5%

Legal Compliance
up arrow 4%

Customer Relationship Management (CRM)
up arrow 1%

Proposal Writing
up arrow 1%

National Average
$57,000

Customer Service
up arrow 3%

Microsoft Excel
up arrow 11%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 398 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
4%
1-4 years
44%
5-9 years
29%
10-19 years
15%
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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