A contract administrator/contract specialist is in charge of reviewing all of the contracts in their organization. Their role is essential in ensuring that the contract has no hidden risks and will bring forth benefits as expected in the contents. They may update existing contracts, help draft new ones, as well as suggest amendments whenever necessary.
Additionally, the duties of a contract administrator or contract specialist include reviewing specifications regarding equipment and materials, negotiating contract terms and conditions with suppliers, managing contract-related paperwork, and serving as the liaison between managers and outside parties to address contract concerns.
For this role, many employers usually require a bachelor's degree in business, economics, commerce, or a similar field. Naturally, they also look for applicants with substantial experience working with contractors, preferably in a similar field or industry as theirs. Moreover, an aspiring contract administrator must display excellent skills in organization, communication, and negotiation to increase their attractiveness as a candidate.
Contract administrators or specialists take home an average of $48,000 a year. Individuals with higher levels of education or those who have certifications may earn even higher.
There is more than meets the eye when it comes to being a contract administrator/contract specialist. For example, did you know that they make an average of $23.91 an hour? That's $49,740 a year!
Between 2018 and 2028, the career is expected to grow 6% and produce 20,300 job opportunities across the U.S.
There are certain skills that many contract administrator/contract specialists have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and computer skills.
When it comes to the most important skills required to be a contract administrator/contract specialist, we found that a lot of resumes listed 10.7% of contract administrator/contract specialists included ensure compliance, while 9.6% of resumes included procedures, and 9.4% of resumes included contract management. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the contract administrator/contract specialist job title. But what industry to start with? Most contract administrator/contract specialists actually find jobs in the technology and manufacturing industries.
If you're interested in becoming a contract administrator/contract specialist, one of the first things to consider is how much education you need. We've determined that 52.3% of contract administrator/contract specialists have a bachelor's degree. In terms of higher education levels, we found that 9.3% of contract administrator/contract specialists have master's degrees. Even though most contract administrator/contract specialists have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a contract administrator/contract specialist. When we researched the most common majors for a contract administrator/contract specialist, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on contract administrator/contract specialist resumes include master's degree degrees or doctoral degree degrees.
You may find that experience in other jobs will help you become a contract administrator/contract specialist. In fact, many contract administrator/contract specialist jobs require experience in a role such as contracts administrator. Meanwhile, many contract administrator/contract specialists also have previous career experience in roles such as administrative assistant or contracts specialist.