Contracts Director Salary

Contracts Directors in the United States can look forward to a sizeable six-figure salary — around $120K per year on average. Total incomes of Contracts Directors incorporate potential for, in a few cases, more than $25K from bonuses and close to $31K from profit sharing; these performance components cause packages to range between $74K and $165K. Geographic location is the biggest factor affecting pay for this group, followed by career duration. Most Contracts Directors like their work and job satisfaction is high. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 56 percent. Most get medical and dental insurance, and a strong majority get vision plans, too. The numbers in this rundown were provided by PayScale's salary survey participants.

$73,081 - $154,352
$73K
$120K
$150K
MEDIAN: $120,281
10%
50%
90%

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$0$165K
Salary $73,081 - $154,352
Bonus $991 - $25,273
Profit Sharing $0.00 - $30,639
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).
)
$74,229 - $165,275
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 266

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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

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

Contracts Director Job Listings

Popular Skills for Contracts Director


Contracts Directors report using a diverse set of skills on the job. 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 who know 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: $124,989

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

For those looking to make money, Contracts Directors in McLean enjoy an exceptional pay rate, 59 percent above the national average. 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 is a huge contributor to overall pay, with Contracts Directors in New York earning a whopping 57 percent below the national average. Employers also pay below the national average in Orlando (40 percent lower) and New Orleans (35 percent lower).

Related Job Salaries

Key Stats for Contracts Director

Gender

Female
56 %
Male
44 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 46 votes.
1-4 years
8%
5-9 years
16%
10-19 years
35%
20 years or more
41%
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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 46 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

1-4 years
8%
5-9 years
16%
10-19 years
35%
20 years or more
41%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 84%
vision benefits
Vision: 76%
no benefits
None: 12%
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