Contracts Director Salary

Generous salaries abound for Contracts Directors in the United States, with average pay above six figures ($120K) per year. Cash earnings for Contracts Directors — which occasionally include more than $25K from bonuses and more than $31K from profit sharing — stretch from around $74K to approximately $165K. Residence is the biggest factor affecting pay for this group, followed by tenure. Women Contracts Directors who took the survey just slightly outnumber men. Most Contracts Directors like their work and job satisfaction is high. Most receive medical and dental insurance and a strong majority get vision insurance.

$73,747 - $153,207
$74K
$120K
$150K
MEDIAN: $120,171
10%
50%
90%

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$0$166K
Salary $73,747 - $153,207
Bonus $979 - $24,938
Profit Sharing $0.00 - $35,479
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).
)
$74,819 - $166,312
  • Country: United States
  • Currency: USD
  • Updated: 18 Nov 2017
  • Individuals Reporting: 275

Job Description for Contracts Director

Contract directors are in charge of negotiating, maintaining, and updating commercial contracts. They must establish contacts with outside businesses and develop contracts that meet the financial and professional goals of the business. They must develop and maintain multiple contracts at a time with local, national, and international businesses. Additionally, contract managers must develop internal policies and procedures for contract development and maintenance, and note areas for improvement. They must be knowledgeable regarding legal and ethical rules and regulations regarding contracts. Contract directors review contracts for completeness before final approval and signing, and they must adhere to all local, state, and federal regulations.

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Contracts Director Tasks

  • Negotiate contracts and proposals with internal teams and customers.
  • Resolve risks, problems, and non-compliance issues.
  • Ensure that contracts are in compliance with laws and organizational policies.
  • Oversee maintenance and compliance with existing contracts.

Contracts Director Job Listings

Popular Skills for Contracts Director


Contracts Directors seem to require a number of specific skills. Most notably, facility with Legal Research, Legal Compliance, and Contract Negotiation are correlated to pay that is significantly above average, leading to increases of 38 percent, 9 percent, and 7 percent, respectively. Those listing Legal Document Review as a skill 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 Contracts Director

Pay by Experience for a Contracts Director has a positive trend. An entry-level Contracts Director with less than 5 years of experience can expect to earn an average total compensation of $66,000 based on 23 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Contracts Director with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $117,000 based on 64 salaries. An experienced Contracts Director which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $129,000 based on 127 salaries. A Contracts Director with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $139,000 based on 94 salaries.

Pay Difference by Location

National Average: $124,989

Larger city markers indicate a job is popular in that location.

Surpassing the national average by 60 percent, Contracts Directors in McLean receive some of the highest pay in the country. Contracts Directors can also look forward to large paychecks in cities like Chantilly (+23 percent), Reston (+20 percent), Houston (+14 percent), and Washington (+13 percent). Contracts Directors in New York earn salaries far below the national average by 57 percent, proving that geography overwhelmingly affects the pay scale for those in this field. A couple other locations with smaller-than-average paychecks include Orlando (40 percent lower) and New Orleans (34 percent lower).

Related Job Salaries

Key Stats for Contracts Director

Gender

Female
58 %
Male
42 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 55 votes.
1-4 years
8%
5-9 years
16%
10-19 years
31%
20 years or more
44%

Experience Affects Contracts Director Salaries

▲11%

▲3%

National Average
$125,000

▼6%

▼47%

Skills That Affect Contracts Director Salaries

Legal Research
▲38%




National Average
$125,000

Legal Document Review
▼31%

Job Satisfaction

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

Gender

Female
58 %
Male
42 %

Years of Experience

1-4 years
8%
5-9 years
16%
10-19 years
31%
20 years or more
44%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 85%
vision benefits
Vision: 78%
no benefits
None: 11%