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This question is about contracts administrator salaries, what a contracts administrator does, and contracts administrator.
Is being a contract administrator a good job?
Yes, being a contract administrator is a good job. All major business between companies is done through legally binding contracts, meaning that a good contract administrator is always in high demand.
The pay tends to be significantly above the national average, with some high-profile companies such as Boeing offering up to $105,000 a year for an experienced contract administrator.
The hours can be flexible, as the most important part of the job is meeting deadlines and ensuring all parties are on the same page and in agreement with the proposed contract.
Along with knowledge of how contracts work, negotiation skills are a must for any fledgling contract administrator. In many situations, both parties may not be able to attain exactly what they desire, but even an unsatisfactory contract is still better than no contract at all.
The contract administrator's job is to mediate between the parties, whether external or internal, to find the most optimal compromise that ensures both parties will be satisfied.
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