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 $103K) surpassing six figures annually. Career length is the biggest factor affecting pay for this group, followed by geography. Nearly all enjoy medical and dental coverage in this occupation, and most get vision benefits. Job satisfaction is reported as high by the vast majority of workers. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 57 percent. The figures in this rundown are based on the results of PayScale's salary questionnaire.
|Salary||$71,497 - $137,253|
|Bonus||$2,489 - $19,950|
|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).)
|$70,719 - $142,745|
|Hourly Rate||$23.12 - $60.75|
|Overtime||$30.20 - $85.95|
|Bonus||$2,489 - $19,950|
|Total Pay (||$70,719 - $142,745|
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.Read More...
The individual must possess a strong work ethic, be a team player, and have a proven ability to manage both people and assets. Extensive industry experience and/or a bachelor's degree in business administration or a related field is generally preferred. Additional certifications in program management and program management proposal are often preferred as well. The senior contract manager should have strong communication skills, and a background in technical writing is preferred.
Senior Contracts Manager Tasks
- Manage, negotiate, oversee, and build relationships with vendors and subcontractors.
- Intervene and resolve problems, delays, and evaluation concerns.
- Create strategies to reach contract objectives and build network.
- Write, review, administer, update, and report on contracts.
Senior Contracts Manager Job Listings
Popular Skills for Senior Contracts Manager
Typical Senior Contracts Managers report a focused set of job skills. Most notably, skills in Legal Compliance, Contract Management, Contract Negotiation, and Legal Document Review are correlated to pay that is above average. Those listing Legal Document Review as a skill should be prepared for drastically lower pay. Most people who know Contract Management also know Legal Compliance.
Pay by Experience Level for Senior Contracts Manager
Pay by Experience for a Senior Contracts Manager has a positive trend. An entry-level Senior Contracts Manager with less than 5 years of experience can expect to earn an average total compensation of $86,000 based on 66 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior 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 $100,000 based on 142 salaries. An experienced Senior Contracts Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $111,000 based on 223 salaries. A Senior 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 $123,000 based on 96 salaries.
Pay Difference by Location
With a pay rate for Senior Contracts Managers that is 19 percent greater than the national average, Washington offers a comfortable salary for those in this profession. Senior Contracts Managers can also look forward to large paychecks in cities like Houston (+14 percent), San Diego (+10 percent), San Jose (+8 percent), and San Francisco (+7 percent). The smallest paychecks in the market, 16 percent south of the national average, can be found in Phoenix. Two other places where employers offer below-median salaries are Rockville (12 percent less) and Seattle (11 percent less).
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Key Stats for Senior Contracts Manager
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