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The differences between contract administrator/contract specialists and contract analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a contract administrator/contract specialist, becoming a contract analyst takes usually requires 2-4 years. Additionally, a contract analyst has an average salary of $54,544, which is higher than the $53,425 average annual salary of a contract administrator/contract specialist.
The top three skills for a contract administrator/contract specialist include contract management, purchase orders and contract terms. The most important skills for a contract analyst are customer service, contract management, and contract terms.
| Contract Administrator/Contract Specialist | Contract Analyst | |
| Yearly salary | $53,425 | $54,544 |
| Hourly rate | $25.69 | $26.22 |
| Growth rate | 9% | 9% |
| Number of jobs | 61,764 | 58,593 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 67% |
| Average age | 48 | 40 |
| Years of experience | 6 | 4 |
A Contract Administrator and Contract Specialist reviews all contracts of the company. They are responsible for reviewing every contract if it is for the company's benefit and if there are hidden risks. This person also helps draft future contracts and inspects new contracts during deals and negotiations. Contract Specialists update existing contracts, propose amendments if necessary, and advise the company on contracts that have risks that may affect the activities of the company.
A contract analyst is primarily in charge of thoroughly reviewing contract terms and conditions, negotiating and addressing changes on behalf of a company or an individual, and avoiding financial disadvantages or any disputes. They are responsible for consulting with clients, analyzing clauses and liabilities, recommending amendments, documenting all transactions, and monitoring every change in the contract. Furthermore, there are instances when a contract analyst must coordinate with all department officers, advising them of any significant changes that the contracts might bring.
Contract administrator/contract specialists and contract analysts have different pay scales, as shown below.
| Contract Administrator/Contract Specialist | Contract Analyst | |
| Average salary | $53,425 | $54,544 |
| Salary range | Between $35,000 And $79,000 | Between $39,000 And $74,000 |
| Highest paying City | Annapolis, MD | Jersey City, NJ |
| Highest paying state | Maryland | New Jersey |
| Best paying company | Jacobs Engineering Group | AstraZeneca |
| Best paying industry | Technology | Pharmaceutical |
There are a few differences between a contract administrator/contract specialist and a contract analyst in terms of educational background:
| Contract Administrator/Contract Specialist | Contract Analyst | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between contract administrator/contract specialists' and contract analysts' demographics:
| Contract Administrator/Contract Specialist | Contract Analyst | |
| Average age | 48 | 40 |
| Gender ratio | Male, 30.0% Female, 70.0% | Male, 41.2% Female, 58.8% |
| Race ratio | Black or African American, 8.8% Unknown, 4.4% Hispanic or Latino, 12.2% Asian, 7.6% White, 66.3% American Indian and Alaska Native, 0.8% | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |