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Senior Contracts Manager Salary

Senior Contracts Managers in the United States can look forward to a sizeable six-figure salary — around $101K per year on average. Total incomes of Senior Contracts Managers incorporate potential for, in a few cases, more than $20K from bonuses and close to $13K from profit sharing; these performance components cause packages to range between $71K and $148K. Experience level is the biggest factor affecting pay for this group, followed by geography. Women Senior Contracts Managers who took the survey just slightly outnumber men. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Most Senior Contracts Managers like their work and job satisfaction is high. Respondents to the PayScale salary survey provided the data for this report.

$70,677 - $140,095
(Median)
$71K
$100K
$140K
MEDIAN: $101,116
10%
50%
90%

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$27.18 - $76.52
(Median)
$27
$52
$77
MEDIAN: $52.00
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$50K$100K$150K
Salary
$70,677 - $140,095  
   
Bonus
$1,532 - $19,908  
Profit Sharing
$993 - $12,822  
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).
)
$71,411 - $147,863  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 424
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$26$52$78
Hourly Rate
$27.18 - $76.52  
   
Overtime
$40.34 - $73.25  
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$60K$120K$180K
Bonus
$1,532 - $19,908  
   
Profit Sharing
$993 - $12,822  
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).
)
$71,411 - $147,863  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 16

Find Out Exactly What You Should Be Paid

United States (change)


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Job Description for Senior Contracts Manager

A senior contract manager is responsible for ensuring that all aspects of a contract are completed on time and as promised. They typically serve the primary contact for clients within the company and all vendors, and they are responsible for handling employee issues, questions, and discipline as needed. A senior contract manager must be able to meet multiple deadlines and to juggle multiple projects simultaneously, and they must be able to coordinate between several teams and departments. The individual should also have experience quoting project proposals and accurately proposing and implementing a strict budget. The manager is also responsible for ordering and approving all materials necessary for the completion of all projects. They also oversee the maintenance of all equipment and other assets needed for the completion of any and all contracts.

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Senior Contracts Manager Tasks

  • Create strategies to reach contract objectives and build network.
  • Write, review, administer, update, and report on contracts.
  • Manage, negotiate, oversee, and build relationships with vendors and subcontractors.
  • Intervene and resolve problems, delays, and evaluation concerns.

Senior Contracts Manager Job Listings

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Popular Skills for Senior Contracts Manager


Senior Contracts Managers report a narrow range of specific skills. Most notably, skills in Contract Negotiation, Contract Management, Legal Compliance, and Legal Document Review are correlated to pay that is above average. Legal Document Review and Legal Compliance as skills, however, tend to be associated with significantly smaller paychecks. Those proficient in Contract Management are, more often than not, also skilled in Legal Compliance.

Pay by Experience Level for Senior Contracts Manager

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


For Senior Contracts Managers, more experience in the field does not usually mean bigger paychecks. Survey participants with less than five years' experience pocket $83K on average, but those with five to 10 years of experience enjoy a much bigger median of $100K. Professionals who claim 10 to 20 years of experience can secure some pretty cushy paychecks; the median for this group is a six-figure $111K. More than 20 years of experience mean a somewhat bigger median paycheck of $119K, but it's not much more than what less experienced people make.

Senior Contracts Manager Advice

What do you wish you knew about your job when you first started out?

Senior Contracts Manager in Los Angeles:
"Negotiation 101."
Education in the use of the federal acquisition regulations. Advanced education in the far contracting clauses and the far termination clauses. Advanced education in TINA compliance.

Related Job Salaries

United States (change)

Experience Affects Senior Contracts Manager Salaries



National Average
$107,000


Entry-Level
up arrow 23%

Skills That Affect Senior Contracts Manager Salaries

Contract Negotiation
0%

National Average
$107,000

Contract Management
up arrow 1%


Legal Document Review
up arrow 24%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 62 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
1%
1-4 years
7%
5-9 years
20%
10-19 years
41%
20 years or more
31%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 85%
vision benefits Vision: 74% employee benefits None: 6%
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