Contract Specialist Salary

Earnings for Contract Specialists in the United States come in at around $59K annually on average. Overall cash earnings for Contract Specialists stretch from $38K on the lower end to $89K near the top, and the heftiest packages can encompass around $7K from bonuses and $5K from profit sharing. Earnings for this group are mostly affected by geography, followed by career length and the specific company. Most workers in this position report high levels of job satisfaction. Medical benefits are awarded to most, and a strong majority earn dental coverage. Female Contract Specialists are more common than men among those who completed the survey; more than half (61 percent) are women. The information for this snapshot was generated by responses to the PayScale salary survey.
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$40,246 - $88,854
(Median)
$40K
$59K
$89K
MEDIAN: $59,394
10%
50%
90%

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$14.19 - $36.82
(Median)
$14
$21
$37
MEDIAN: $20
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$30K$60K$90K
Salary
$40,246 - $88,854  
   
Bonus
$0.00 - $6,917  
Profit Sharing
$0.00 - $5,081  
Commission
$2,000  
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).
)
$38,333 - $88,775  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,904
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
$14.19 - $36.82  
   
Overtime
$18.56 - $46.40  
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 - $6,917  
   
Commission
$2,000  
Profit Sharing
$0.00 - $5,081  
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).
)
$38,333 - $88,775  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 422
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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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There are some Contract Specialists — though it's uncommon — that transition into Senior Contracts Managers, where earnings are an average $106K annually. The most common career progression for Contract Specialists leads to becoming a Contract Administrator, where pay is typically $51K. However, many Contract Specialists also opt to become Contracts Managers, a position that pays $78K on average.

Contract Specialist Job Listings

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Popular Employer Salaries for Contract Specialist


Known for taking on a considerable number of Contract Specialists, U.S. Army, U.S. Air Force (USAF), U.S. Department of Defense, Department of Veteran's Affairs, and U.S. Navy are leading firms in the industry. U.S. General Services Administration leads the field in terms of pay, with a median salary of $74K. Soaring salaries can also be found at U.S. Navy, U.S. Army, and Department of Veteran's Affairs, where earnings of $70K, $69K, or $60K are standard for Contract Specialists.

Others at the bottom of the scale for this job include U.S. Department of Defense at $55K, and U.S. Air Force (USAF) where $58K is the norm, but it is worth noting that some Contract Specialists there earn up to $78K.

Popular Skills for Contract Specialist


Survey results imply that Contract Specialists deploy a substantial tool kit of skills at work. Most notably, facility with Business Analysis, Project Management, and Negotiation are correlated to pay that is significantly above average, leading to increases of 26 percent, 17 percent, and 13 percent, respectively. Skills that seem to negatively impact pay include Microsoft Excel and Customer Service. Most people skilled in Contract Management are similarly competent 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 with a lot of experience do not necessarily enjoy more money. Those in the early stages of their career can expect to make around $52K; however, individuals with five to 10 years of experience bring in $64K on average — a distinctly larger sum. For Contract Specialists, 10 to 20 years of experience on the job amounts to an average salary of $66K. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $78K.

Pay Difference by Location

National Average: $58,003

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

Surpassing the national average by 32 percent, Contract Specialists in Washington receive some of the highest pay in the country. Contract Specialists can also look forward to large paychecks in cities like Huntsville (+21 percent), San Diego (+19 percent), Houston (+14 percent), and Los Angeles (+13 percent). With compensation 13 percent below the national average, San Antonio is not known for hefty paychecks and actually represents the lowest-paying market. Raleigh and Austin are a couple other places where companies are known to pay below the median — salaries are 13 percent lower and 11 percent lower, respectively.

Related Job Salaries

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Experience Affects Contract Specialist Salaries




National Average
$58,000


Skills That Affect Contract Specialist Salaries

Business Analysis
up arrow 26%

Project Management
up arrow 17%


Microsoft Office
up arrow 13%




Contract Management
up arrow 4%

Legal Compliance
up arrow 4%

Legal Document Review
up arrow 2%

Legal Research
up arrow 2%

Proposal Writing
0%

National Average
$58,000

Customer Relationship Management (CRM)
up arrow 1%

Customer Service
up arrow 4%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 387 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
4%
1-4 years
43%
5-9 years
29%
10-19 years
16%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 78%
medical benefits
Vision: 66%
dental benefits
None: 11%
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