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Senior Contracts Manager Salary

Senior Contracts Managers in the United States can expect to earn a very generous salary, with average salaries (in the ballpark of $101K) surpassing six figures annually. In the world of Senior Contracts Managers, total cash compensation can vary between $71K and $147K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $20K and $13K, respectively. Geographic location is the biggest factor affecting pay for this group, followed by experience level. Medical benefits are awarded to nearly all, and most earn dental coverage. Women Senior Contracts Managers who took the survey just slightly outnumber men. Work is enjoyable for Senior Contracts Managers, who typically claim high levels of job satisfaction.

$70,401 - $140,976
(Median)
$70K
$100K
$140K
MEDIAN: $100,920
10%
50%
90%

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$27.18 - $76.52
(Median)
$27
$54
$77
MEDIAN: $53.00
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
$70,401 - $140,976  
   
Bonus
$1,490 - $19,539  
Profit Sharing
$986 - $12,868  
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).
)
$71,095 - $147,390  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 395
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
$40.00 - $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
$1,490 - $19,539  
   
Profit Sharing
$986 - $12,868  
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).
)
$71,095 - $147,390  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 16

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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


Survey takers who work as Senior Contracts Managers usually report a few 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, on the other hand, are typically associated with much lower pay. Most people experienced in Contract Management also know Legal Compliance.

Pay by Experience Level for Senior Contracts Manager

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


Experience and pay tend to be weakly linked for Senior Contracts Managers — those with more experience do not necessarily bring in higher earnings. Although individuals who have less than five years' experience earn $83K on average, people with five to 10 years benefit from a notably larger average of $99K. Experienced professionals who have spent one to two decades on the job can score lucrative paychecks that average out to $110K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $118K.

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 22%

Skills That Affect Senior Contracts Manager Salaries

Contract Negotiation
up arrow 1%

Contract Management
0%

National Average
$107,000


Legal Document Review
up arrow 24%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 61 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
1%
1-4 years
6%
5-9 years
21%
10-19 years
41%
20 years or more
31%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 83%
vision benefits Vision: 73% employee benefits None: 7%