Senior Contracts Manager Salary

Senior Contracts Managers enjoy a hefty income, with average pay passing six figures ($101K) annually in the United States. In the world of Senior Contracts Managers, total cash compensation can vary between $72K 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. 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. Medical benefits are awarded to nearly all, and most earn dental coverage. For the most part, Senior Contracts Managers enjoy their work and report high levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$71,285 - $137,952

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$27.18 - $76.52

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$71,285 - $137,952  
   
Bonus
$1,941 - $19,939  
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).
)
$72,196 - $146,979  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 489
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$26$52$78
Hourly Rate
$27.18 - $76.52  
   
Overtime
$40.34 - $73.25  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$60K$120K$180K
Bonus
$1,941 - $19,939  
   
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).
)
$72,196 - $146,979  
Country: United States | Currency: USD | Updated: 18 Jul 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


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. Those listing Legal Document Review and Legal Compliance as skills, on the other hand, should be prepared for drastically lower pay. It is often found that people who know Contract Management are 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.


Senior Contracts Managers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Those in the early stages of their career can expect to make around $85K; however, individuals with five to 10 years of experience bring in $100K on average — a distinctly larger sum. Between one and two decades on the job, average salaries pass the six-figure mark at around $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 $119K.

Pay Difference by Location


With a pay rate for Senior Contracts Managers that is 13 percent greater than the national average, Los Angeles offers a comfortable salary for those in this profession. Senior Contracts Managers can also look forward to large paychecks in cities like Chicago (+11 percent), Boston (+9 percent), Houston (+9 percent), and Washington (+9 percent). With compensation 16 percent below the national average, Phoenix is not known for hefty paychecks and actually represents the lowest-paying market. Employers in San Diego and New York also lean toward paying below-median salaries (14 percent lower and 13 percent lower, respectively).

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Experience Affects Senior Contracts Manager Salaries



National Average
$107,000



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 67 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
1%
1-4 years
8%
5-9 years
20%
10-19 years
43%
20 years or more
29%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 86%
vision benefits Vision: 76% employee benefits None: 6%
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