Contracts Director Salary

Salaries for Contracts Directors in the United States are generous, with average pay above six figures ($120K) per year. Total incomes of Contracts Directors incorporate potential for, in a few cases, more than $25K from bonuses and close to $58K from profit sharing; these performance components cause packages to range between $74K and $162K. Location is the biggest factor affecting pay for this group, followed by tenure. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 58 percent. Most receive medical and dental insurance and a strong majority get vision insurance. The majority of Contracts Directors claim high levels of job satisfaction. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$73,257 - $154,395
$73K
$120K
$150K
MEDIAN: $120,087
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$60K$120K$180K
Salary
$73,257 - $154,395  
   
Bonus
$1,500 - $25,173  
Profit Sharing
$0.00 - $58,175  
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).
)
$73,995 - $162,498  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 242

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United States (change)

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Job Description for Contracts Director

Contract directors are in charge of negotiating, maintaining, and updating commercial contracts. They must establish contacts with outside businesses and develop contracts that meet the financial and professional goals of the business. They must develop and maintain multiple contracts at a time with local, national, and international businesses. Additionally, contract managers must develop internal policies and procedures for contract development and maintenance, and note areas for improvement. They must be knowledgeable regarding legal and ethical rules and regulations regarding contracts. Contract directors review contracts for completeness before final approval and signing, and they must adhere to all local, state, and federal regulations.

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Contracts Director Tasks

  • Negotiate contracts and proposals with internal teams and customers.
  • Resolve risks, problems, and non-compliance issues.
  • Ensure that contracts are in compliance with laws and organizational policies.
  • Oversee maintenance and compliance with existing contracts.

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Popular Skills for Contracts Director


Contracts Directors note just a narrow range of job skills. Most notably, facility with Legal Research, Legal Compliance, and Contract Negotiation are correlated to pay that is significantly above average, leading to increases of 38 percent, 9 percent, and 7 percent, respectively. Those listing Legal Document Review as a skill should be prepared for drastically lower pay. Most people experienced in Contract Management also know Legal Compliance.

Pay by Experience Level for Contracts Director

Pay by Experience for a Contracts Director has a positive trend. An entry-level Contracts Director with less than 5 years of experience can expect to earn an average total compensation of $66,000 based on 23 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Contracts Director with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $117,000 based on 64 salaries. An experienced Contracts Director which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $129,000 based on 127 salaries. A Contracts Director with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $139,000 based on 94 salaries.

Pay Difference by Location

National Average: $124,877

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

Surpassing the national average by 59 percent, Contracts Directors in McLean receive some of the highest pay in the country. Contracts Directors can also look forward to large paychecks in cities like Chantilly (+23 percent), Reston (+19 percent), Houston (+14 percent), and Washington (+13 percent). Location significantly influences compensation, with New York Contracts Directors earning much less — 57 percent less — than the national average. Workers in Orlando and New Orleans earn salaries that trail the national average for those in this profession (40 percent less and 35 percent less, respectively).

Related Job Salaries

Key Stats for Contracts Director

Gender

Female
58 %
Male
42 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 34 votes.
1-4 years
7%
5-9 years
16%
10-19 years
38%
20 years or more
38%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Contracts Director Salaries

▲11%

▲3%

National Average
$125,000

▼6%

▼47%

Skills That Affect Contracts Director Salaries

Legal Research
▲38%




National Average
$125,000

Legal Document Review
▼31%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 34 votes.

Gender

Female
58 %
Male
42 %

Years of Experience

1-4 years
7%
5-9 years
16%
10-19 years
38%
20 years or more
38%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 83%
vision benefits
Vision: 72%
no benefits
None: 11%