How much does a Contract Specialist make?
A Contract Specialist plays a key role in managing agreements between companies. They ensure that all terms are clear and fair. This job is important and comes with a good salary. On average, a Contract Specialist makes about $82,188 each year. This is a solid income for many people.
The salary for Contract Specialists can vary based on experience and location. Some earn less, while others make more. Here are some common salaries:
- The lowest 10% earn around $40,000.
- The next 20% earn between $50,937 and $61,874.
- The middle 20% earn between $61,874 and $72,811.
- The next 20% earn between $72,811 and $83,747.
- The top 10% earn over $127,495.
What are the highest paying cities for a Contract Specialist?
-
Colorado Springs, CO
Average Salary: $124,789
In Colorado Springs, professionals manage contracts for various industries. Companies like Lockheed Martin and UCHealth offer opportunities. The city's growing tech sector adds to the demand for skilled specialists.
Find Contract Specialist jobs in Colorado Springs, CO
-
Washington, DC
Average Salary: $109,312
Washington, DC, is a hub for government and defense contracts. Working here, you'll find roles with agencies like the Department of Defense. The city's political landscape offers a unique environment for contract management.
Find Contract Specialist jobs in Washington, DC
-
San Francisco, CA
Average Salary: $107,847
San Francisco boasts a dynamic tech scene. Specialists here work with companies like Google and Salesforce. The city's innovative environment makes contract management both challenging and rewarding.
Find Contract Specialist jobs in San Francisco, CA
-
Fresno, CA
Average Salary: $106,246
Fresno offers a mix of agriculture and tech industries. Working here, you'll find roles with companies like Farmers Insurance and T-Mobile. The city's growing economy provides diverse contract opportunities.
Find Contract Specialist jobs in Fresno, CA
-
Des Moines, IA
Average Salary: $102,003
Des Moines is known for its insurance companies. Working here, you'll find roles with firms like Principal Financial Group. The city's stable economy offers a secure environment for contract specialists.
Find Contract Specialist jobs in Des Moines, IA
-
Cleveland, OH
Average Salary: $100,383
Cleveland has a strong manufacturing base. Specialists here work with companies like Sherwin-Williams and KeyCorp. The city's industrial focus provides a unique setting for contract management.
Find Contract Specialist jobs in Cleveland, OH
-
Louisville, KY
Average Salary: $99,872
Louisville offers a mix of manufacturing and healthcare opportunities. Working here, you'll find roles with companies like Humana and Yum! Brands. The city's diverse economy offers varied contract management experiences.
Find Contract Specialist jobs in Louisville, KY
-
Grand Rapids, MI
Average Salary: $99,401
Grand Rapids is known for its furniture industry. Specialists here work with companies like Amway and Steelcase. The city's manufacturing focus provides a unique environment for contract management.
Find Contract Specialist jobs in Grand Rapids, MI
-
Hartford, CT
Average Salary: $98,974
Hartford is a hub for insurance companies. Working here, you'll find roles with firms like Aetna and Travelers. The city's financial sector offers a stable environment for contract specialists.
Find Contract Specialist jobs in Hartford, CT
-
Boulder, CO
Average Salary: $98,199
Boulder offers a mix of tech and outdoor recreation industries. Specialists here work with companies like Google and Patagonia. The city's innovative environment makes contract management both exciting and rewarding.
Find Contract Specialist jobs in Boulder, CO
What are the best companies a Contract Specialist can work for?
-
KPMG
Average Salary: $167,396
KPMG offers Contract Specialist jobs with a focus on managing contracts for various industries. They operate globally, with major offices in New York, London, and Sydney.
-
HNTB Corporation
Average Salary: $148,613
HNTB Corporation provides Contract Specialist roles that involve overseeing contracts for infrastructure projects. They have offices in major cities across the United States.
-
Piper Companies
Average Salary: $139,071
Piper Companies offers Contract Specialist positions that focus on managing contracts for construction projects. They have offices in the Midwest and West Coast of the United States.
-
Northrop Grumman
Average Salary: $129,583
Northrop Grumman provides Contract Specialist jobs that involve managing defense and aerospace contracts. They operate in several locations across the United States.
-
Deloitte
Average Salary: $124,233
Deloitte offers Contract Specialist roles that focus on managing contracts for various industries. They have offices in major cities worldwide, including New York, London, and Tokyo.
-
Esri
Average Salary: $121,966
Esri provides Contract Specialist jobs that involve managing contracts for geographic information system (GIS) projects. They operate in several locations across the United States.
-
Chenega Corporation
Average Salary: $121,191
Chenega Corporation offers Contract Specialist roles that focus on managing contracts for government and defense projects. They have offices in the United States and internationally.
-
Army Corps of Engineers
Average Salary: $119,270
The Army Corps of Engineers provides Contract Specialist jobs that involve managing contracts for civil works projects. They operate in several locations across the United States.
-
Raytheon
Average Salary: $118,091
Raytheon offers Contract Specialist roles that focus on managing contracts for defense and aerospace projects. They operate in several locations across the United States.
-
BAE Systems USA
Average Salary: $117,307
BAE Systems USA provides Contract Specialist jobs that involve managing contracts for defense and security projects. They operate in several locations across the United States.
How to earn more as a Contract Specialist?
A Contract Specialist can increase their earnings by focusing on various aspects of their role. Specialization in specific industries or types of contracts can lead to higher-paying positions. For example, working in high-demand sectors like technology or pharmaceuticals often comes with higher salaries. Building a strong portfolio of successful contract negotiations and management can also enhance earning potential. This demonstrates expertise and reliability to potential employers, making it easier to secure higher-paying roles.
Networking plays a crucial role in earning more as a Contract Specialist. Attending industry conferences, joining professional organizations, and connecting with peers can open doors to new opportunities. These connections can lead to higher-paying positions or even freelance contracts. Continuous education and obtaining relevant certifications can also boost earning potential. Certifications such as Certified Professional Contract Manager (CPCM) or Project Management Professional (PMP) can make a Contract Specialist more attractive to employers. Staying updated with the latest industry trends and technologies ensures that a Contract Specialist remains competitive in the job market.
Experience and reputation are key factors in earning more. Those with several years of experience and a proven track record of successful contract management often command higher salaries. Building a strong reputation within the industry can lead to more lucrative job offers. Seeking out mentorship and guidance from experienced professionals can also help in advancing one's career. Mentorship provides valuable insights and advice that can lead to better job opportunities and higher earnings.
- Specialization in High-Demand Industries
- Networking and Professional Connections
- Continuous Education and Certifications
- Experience and Reputation
- Mentorship and Guidance
