Contracts Manager Salary

The average salary for a Contracts Manager is $79,020 per year. The highest paying skills associated with this job are Risk Management / Risk Control, Microsoft Office, and Negotiation.

$51,394 - $115,364
$51K
$79K
$120K
MEDIAN: $79,064
10%
50%
90%

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$14.54 - $54.70
$15
$24
$55
MEDIAN: $24.23
10%
50%
90%

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$0$119K
Salary $51,394 - $115,364
Bonus $242.40 - $14,262
Profit Sharing $0.00 - $9,814
Commission $15,000
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).
)
$50,041 - $119,778
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 1,585
Hourly Data $0$60
Hourly Rate $14.54 - $54.70
Overtime $13.79 - $60.82
Annual Data $0$119K
Bonus $242.40 - $14,262
Commission $15,000
Profit Sharing $0.00 - $9,814
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).
)
$50,041 - $119,778
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 127

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United States (change)

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Job Description for Contracts Manager

Contracts managers can work in a variety of industries, including non-profit and government agencies. They act as the liaisons between companies and clients for contractual matters. Contracts managers can draft, evaluate and execute any type of contract that is negotiated between the business and client, such as short term, formal or annual contracts. They often work with the legal and/or finance department to monitor adherence and potential risks to the business or client.

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Contracts Manager Tasks

  • Coordinate design of contract verbiage with other internal departments including Legal, Finance, and Product Development.
  • Act as the point of contact for both internal and external customers in regards to contractual issues.
  • Draft, negotiate, and implement new contracts, amendments, renewals, and terminations.
  • Maintain current contracts by updating demographics, fee schedules, and any service changes.

Common Career Paths for Contracts Manager


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Contracts Manager Job Listings

Popular Employer Salaries for Contracts Manager

Popular Skills for Contracts Manager

Pay by Experience Level for Contracts Manager

Pay by Experience for a Contracts Manager has a positive trend. An entry-level Contracts Manager with less than 5 years of experience can expect to earn an average total compensation of $67,000 based on 614 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Contracts Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $81,000 based on 620 salaries. An experienced Contracts Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $91,000 based on 560 salaries. A Contracts Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $100,000 based on 238 salaries.

Pay Difference by Location

National Average: $80,090

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

Contracts Manager Reviews

Q: What is it like working as a Contracts Manager?

Contracts Manager in Rochester:
"Great."
Pros: Being busy dealing with people getting things done.
Cons: Stressful material ordering getting people to as asked.

Contracts Manager in Middlebury:
Pros: Speaking with customers and reps; helping to train, coach and guide people both internally and externally; finding new business for the company.
Cons: Maintaining monotonous reporting, spreadsheets; making sense of the legal verbiage and trying to understand everything that needs to be done to accomplish one task regarding a specific contract.

Contracts Manager in GUAM:
"Living the culture."
Pros: Working with people.
Cons: Approval Limit.

Contracts Manager in Columbus:
"Contracts and grants are my life."
Pros: I am able to help at the administrative level to make sure each provider and the company are happy with their agreement and produce results.
Cons: Some individuals still do not understand what I do.

Contracts Manager in Denver:
"Retail Pharmact Contract Manager."
Pros: Working as a team and on my own.
Cons: Commute.

Related Job Salaries

Key Stats for Contracts Manager

Gender

Female
62 %
Male
38 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 278 votes.
Less than 1 year
2%
1-4 years
26%
5-9 years
28%
10-19 years
30%
20 years or more
14%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Contracts Manager Salaries

▲25%

▲14%

▲1%

National Average
$80,000

▼17%

Skills That Affect Contracts Manager Salaries

Risk Management / Risk Control
▲24%

Microsoft Office
▲14%

▲12%



Proposal Writing
▲6%




Legal Document Review
▲1%

Customer Relationship Management (CRM)
▼0%

National Average
$80,000



People Management
▼4%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 278 votes.

Gender

Female
62 %
Male
38 %

Years of Experience

Less than 1 year
2%
1-4 years
26%
5-9 years
28%
10-19 years
30%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 80%
vision benefits
Vision: 72%
no benefits
None: 12%
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