Contract Specialist Salary

Pay for Contract Specialists in the United States sits in the ballpark of $59K annually. Cash earnings for Contract Specialists — including $7K in bonuses and $5K in profit sharing proceeds near the top of the pay scale — generally stretch from $38K to $88K depending on individual performance. Compensation for this group is mainly affected by career length, but geography and the individual firm are influential factors as well. Women make up the majority of Contract Specialists (61 percent) who completed the questionnaire. Job satisfaction is reported as high by the vast majority of workers. Medical benefits are awarded to most, and a strong majority earn dental coverage. This report is based on answers to PayScale's salary questionnaire.
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$39,972 - $88,024
(Median)
$40K
$59K
$88K
MEDIAN: $58,665
10%
50%
90%

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$14.16 - $35.87
(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
$39,972 - $88,024  
   
Bonus
$0.00 - $7,291  
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).
)
$38,149 - $88,230  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 1,732
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
$14.16 - $35.87  
   
Overtime
$18.75 - $46.24  
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 - $7,291  
   
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).
)
$38,149 - $88,230  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 342
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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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It's not very common for Contract Specialists to move on to become Senior Contracts Managers. Average pay for a Senior Contracts Manager is $107K annually. The most common promotion for Contract Specialists is Contracts Manager, a position that typically pays $78K annually. Another standard transition for Contract Specialists seeking advancement is to assume a Contract Administrator role, where pay is often $51K.

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. Contract Specialists seeking a sizable paycheck can earn the most at U.S. General Services Administration, where the average salary comes to $74K.

The consistently lowest paying firm is U.S. Department of Defense, where the median salary is just $50K. There isn't much variation there, either; the pay scale ranges only from $36K to $99K.

Popular Skills for Contract Specialist


Contract Specialists report using a large range of skills on the job. Most notably, skills in Procurement, Negotiation, Contract Negotiation, and Legal Research are correlated to pay that is above average, with boosts between 12 percent and 17 percent. Skills that seem to negatively impact pay include Microsoft Excel and Customer Service. The majority of those who know 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.


Experience and pay tend to be weakly linked for Contract Specialists — those with more experience do not necessarily bring in higher earnings. 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. On average, Contract Specialists make $65K following one to two decades on the job. Survey participants who have spent more than 20 years on the job report a predictably higher median income of $78K, demonstrating that compensation is roughly commensurate with experience in the end.

Pay Difference by Location


Washington offers some of the highest pay in the country for Contract Specialists, 29 percent above the national average. Contract Specialists can also look forward to large paychecks in cities like Arlington (+24 percent), San Diego (+15 percent), New York (+15 percent), and Atlanta (+14 percent). San Antonio is the lowest-paying area, 13 percent south of the national average. Raleigh and Chicago are a couple other places where companies are known to pay below the median — salaries are 12 percent lower and 7 percent lower, respectively.

Related Job Salaries

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Experience Affects Contract Specialist Salaries




National Average
$57,000


Skills That Affect Contract Specialist Salaries


Procurement
up arrow 17%


Legal Research
up arrow 9%

Legal Compliance
up arrow 8%



Legal Document Review
up arrow 5%

Project Management
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 407 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
15%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 77%
vision benefits Vision: 66% employee benefits None: 11%
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