The average salary for a Contracts Manager is $81,184.
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What Do Contracts Managers Do?
Contracts managers can work in a variety of industries, including non-profit and government agencies. They act as the liaisons between companies and clients for contractual matters. Contracts managers can draft, evaluate and execute any type of contract that is negotiated between the business and client, such as short term, formal or annual contracts. They often work with the legal and/or finance department to monitor adherence and potential risks to the business or client.
Contract managers a…Read more
Contracts Manager Tasks
- Coordinate design of contract verbiage with other internal departments including Legal, Finance, and Product Development.
- Act as the point of contact for both internal and external customers in regards to contractual issues.
- Draft, negotiate, and implement new contracts, amendments, renewals, and terminations.
- Maintain current contracts by updating demographics, fee schedules, and any service changes.
Job Satisfaction for Contracts Manager
Popular Employer Salaries for Contracts Manager
The top respondents for the job title Contracts Manager are from the companies Amazon.com Inc, Fluor Corporation and Raytheon Co.. Reported salaries are highest at Northrop Grumman Corporation where the average pay is $138,369. Other companies that offer high salaries for this role include The Boeing Company and Raytheon Co., earning around $113,500 and $111,864, respectively. Amazon.com Inc pays the lowest at around $90,482. Harris Corporation and Fluor Corporation also pay on the lower end of the scale, paying $92,163 and $100,000, respectively.
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Somewhat common (8 - 20%)
Contracts Manager Job Listings
What Are Popular Skills for Contracts Managers?
Skills in Contract Management, Contract Negotiation, Legal Compliance and Project Management are correlated to pay that is above average. Skills that pay less than market rate include Customer Relationship Management (CRM).
What is the Pay by Experience Level for Contracts Managers?
An entry-level Contracts Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $61,685 based on 52 salaries. An early career Contracts Manager with 1-4 years of experience earns an average total compensation of $70,705 based on 722 salaries. A mid-career Contracts Manager with 5-9 years of experience earns an average total compensation of $81,316 based on 847 salaries. An experienced Contracts Manager with 10-19 years of experience earns an average total compensation of $88,715 based on 957 salaries. In their late career (20 years and higher), employees earn an average total compensation of $96,117.
Pay Difference by Location
Employees with Contracts Manager in their job title in Houston, Texas earn an average of 21.3% more than the national average. These job titles also find higher than average salaries in Washington, District of Columbia (19.3% more) and San Diego, California (13.1% more).
Years of Experience
This data is based on 3,001 survey responses.