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Contracts Director Salary

Compensation for Contracts Directors in the United States is generous, with average pay surpassing six figures annually ($118K). Cash earnings for Contracts Directors — which occasionally include more than $35K from bonuses and more than $24K from profit sharing — stretch from around $72K to approximately $180K. Career length and the particular city each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to almost all, and a large number earn dental coverage. Women Contracts Directors who took the survey just slightly outnumber men. The majority of Contracts Directors claim high levels of job satisfaction. The data in this summary comes from the PayScale salary survey.

$71,362 - $161,013
(Median)
$71K
$120K
$160K
MEDIAN: $118,364
10%
50%
90%

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$25.17 - $124.16
(Median)
$25
$36
$120
MEDIAN: $35.00
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$70K$140K$210K
Salary
$71,362 - $161,013  
   
Bonus
$0.00 - $34,914  
Profit Sharing
$75.50 - $24,468  
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).
)
$72,072 - $180,063  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 362
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$50$100$150
Hourly Rate
$25.17 - $124.16  
   
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$100K$200K$300K
Bonus
$0.00 - $34,914  
   
Profit Sharing
$75.50 - $24,468  
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).
)
$72,072 - $180,063  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 10

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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

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Contracts Directors who responded to the survey report just a handful of professional 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, 10 percent, and 4 percent, respectively. Experience with Contract Management is often linked with knowledge of Contract Negotiation.

Pay by Experience Level for Contracts Director

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Contracts Directors with a rich background of experience are typically rewarded with larger paychecks. Those in the early stages of their career can expect to make around $68K; however, individuals with five to 10 years of experience bring in $98K on average — a distinctly larger sum. After one to two decades on the job, professionals can reap plentiful salaries that average out to the six-figure sum of $130K. Contracts Directors with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $144K.

Related Job Salaries

United States (change)

Experience Affects Contracts Director Salaries

Late-Career
up arrow 15%

Experienced
up arrow 4%

National Average
$125,000

Mid-Career
up arrow 22%

Entry-Level
up arrow 46%

Skills That Affect Contracts Director Salaries

Legal Research
up arrow 38%

Legal Compliance
up arrow 10%

Contract Negotiation
up arrow 4%

National Average
$125,000

Contract Management
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 82 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

1-4 years
4%
5-9 years
14%
10-19 years
47%
20 years or more
35%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 85%
vision benefits Vision: 74% employee benefits None: 8%
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