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Senior Contracts Manager Salary

Generous salaries abound for Senior Contracts Managers in the United States, with average pay above six figures ($107K) per year. Total cash compensation for Senior Contracts Managers runs from $71K to $148K depending on bonuses that can occasionally exceed $20K and profit sharing that can reach almost $13K. Geography and career duration each impact pay for this group, with the former having the largest influence. Women make up a slight majority of Senior Contracts Managers (53 percent) survey respondents. Most workers in this position report high levels of job satisfaction. A large number report receiving medical coverage from their employers and most collect dental insurance. The data for this synopsis comes from respondents who took the PayScale salary survey.
$69,627 - $140,694
(Median)
70K
85K
100K
120K
140K
MEDIAN: $100,868
10%
25%
50%
75%
90%

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$27.09 - $76.98
(Median)
27
36
55
70
77
MEDIAN: $55.00
10%
25%
50%
75%
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
$69,627 - $140,694  
   
Bonus
$1,485 - $19,666  
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).
)
$70,685 - $148,076  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 333
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
$27.09 - $76.98  
   
Overtime
$40.00 - $77.00  
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
$1,485 - $19,666  
   
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).
)
$70,685 - $148,076  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 15
United States (change)

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


Typical Senior Contracts Managers report a focused set of job 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, on the other hand, are typically associated with much lower pay. Contract Management and Contract Negotiation are also commonly seen together.

Pay by Experience Level for Senior Contracts Manager

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


Experience does not seem to be a strong driver of pay increase in this role. Salaries for the relatively untried average out to around $83K, but survey participants with five to 10 years of experience earn a significantly higher median of $100K. After 10 to 20 years, professionals can make it pretty big; the median salary sits in the six-figure neighborhood of $111K. Senior Contracts Managers who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $117K on average.

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

Experience Affects Senior Contracts Manager Salaries

Late-Career
up arrow 9%


National Average
$107,000

Mid-Career
up arrow 7%

Entry-Level
up arrow 22%

Skills That Affect Senior Contracts Manager Salaries

Contract Negotiation
up arrow 2%

National Average
$107,000

Contract Management
up arrow 1%

Legal Compliance
up arrow 12%

Legal Document Review
up arrow 24%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 55 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
1%
1-4 years
5%
5-9 years
21%
10-19 years
43%
20 years or more
30%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 82%
vision benefits Vision: 71% employee benefits None: 8%