Average Salary
$53,056
Average Salary
Job Growth Rate
6%
Job Growth Rate
Job Openings
39,752
Job Openings

Contract Analyst Careers

Do you know who is responsible for analyzing the details of business contracts and managing the company's expectations and the other business party? It is a contract analyst who ensures that the contract must represent the company's analyzing sections, commitments, and understanding conditions to avoid legal problems.

As a contract analyst, you must analyze the contract's terms and conditions of both the parties, ensure that both the parties are fulfilling it, review the renewals of terms and conditions, and prepare the cost estimates based on the contract. A minimum salary of a contract analyst starts from $59,521 per annum and varies depending on location and eligibility.

The eligibility criterion for a contract analyst position is a bachelor's degree in business or business law with a mandatory two years of experience in a related industry. Besides that, you must have advanced knowledge in national contract laws, excellent communication skills, negotiation skills, time management skills, computer skills, and the ability to work under pressure.

There is more than meets the eye when it comes to being a contract analyst. For example, did you know that they make an average of $25.51 an hour? That's $53,056 a year!

Between 2018 and 2028, the career is expected to grow 6% and produce 20,300 job opportunities across the U.S.

What Does a Contract Analyst Do

There are certain skills that many contract analysts 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 computer skills, detail oriented and math skills.

Learn more about what a Contract Analyst does

How To Become a Contract Analyst

If you're interested in becoming a contract analyst, one of the first things to consider is how much education you need. We've determined that 67.1% of contract analysts have a bachelor's degree. In terms of higher education levels, we found that 11.8% of contract analysts have master's degrees. Even though most contract analysts 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 analyst. When we researched the most common majors for a contract analyst, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on contract analyst resumes include associate degree degrees or doctoral degree degrees.

You may find that experience in other jobs will help you become a contract analyst. In fact, many contract analyst jobs require experience in a role such as administrative assistant. Meanwhile, many contract analysts also have previous career experience in roles such as internship or customer service representative.

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Average Salary
$53,056
Average Salary
Job Growth Rate
6%
Job Growth Rate
Job Openings
39,752
Job Openings

Contract Analyst Career Paths

Top Careers Before Contract Analyst

Top Careers After Contract Analyst

Analyst
7.9 %

Contract Analyst Jobs You Might Like

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Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Contract Analyst

Contract Analysts in America make an average salary of $53,056 per year or $26 per hour. The top 10 percent makes over $73,000 per year, while the bottom 10 percent under $38,000 per year.
Average Salary
$53,056
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Best Paying Cities For Contract Analysts

City
ascdesc
Average Salarydesc
Foster City, CA
Salary Range51k - 88k$68k$67,901
McLean, VA
Salary Range50k - 86k$67k$66,521
Denver, CO
Salary Range51k - 82k$65k$65,404
Valley Stream, NY
Salary Range48k - 86k$65k$65,206
Cambridge, MA
Salary Range47k - 87k$64k$64,248
Washington, DC
Salary Range47k - 81k$62k$62,096
Greenwich, CT
Salary Range44k - 78k$59k$59,054
Kent, WA
Salary Range46k - 74k$59k$58,835
Philadelphia, PA
Salary Range43k - 76k$58k$57,631
Baltimore, MD
Salary Range42k - 73k$56k$55,737
Indianapolis, IN
Salary Range43k - 70k$55k$55,225
Corpus Christi, TX
Salary Range41k - 72k$55k$54,957
Durham, NC
Salary Range42k - 70k$55k$54,583
Portland, OR
Salary Range41k - 66k$53k$52,500
Chicago, IL
Salary Range40k - 66k$52k$51,514
Lansing, MI
Salary Range39k - 67k$51k$51,330
Guaynabo, PR
Salary Range42k - 61k$51k$50,823
Cleveland, OH
Salary Range38k - 65k$50k$50,206
Alpharetta, GA
Salary Range38k - 64k$50k$49,966
Miami, FL
Salary Range37k - 66k$50k$49,639
$37k
$88k

Recently Added Salaries

CompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Privacy Compliance & Contracts Analyst
Crownpeak Technology
08/31/2021
$65,00008/31/2021
LNG Analyst-Contract
Panjiva
08/27/2021
$110,90008/27/2021
Contract Analyst III
Florida Department of Transportation
08/27/2021
$45,91108/27/2021
LNG Analyst-Contract
S&P Global
08/26/2021
$110,90008/26/2021
Contract Analyst II
State of Florida
08/25/2021
$36,88808/25/2021
See More Recent Salaries

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Contract Analyst Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Contract Analyst. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

Learn How To Write a Contract Analyst Resume

At Zippia, we went through countless Contract Analyst resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Contract Analyst Resume Examples And Templates

Contract Analyst Demographics

Gender

female

56.7 %

male

39.0 %

unknown

4.3 %

Ethnicity

White

70.4 %

Asian

12.9 %

Hispanic or Latino

8.1 %

Foreign Languages Spoken

Spanish

46.1 %

French

12.3 %

Portuguese

4.4 %
Show More Contract Analyst Demographics

Contract Analyst Education

Majors

Business
34.8 %
Finance
7.0 %

Degrees

Bachelors

67.1 %

Masters

11.8 %

Associate

11.7 %

Top Colleges for Contract Analysts

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

5. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

6. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

7. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

8. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition
$14,760
Enrollment
31,451

9. University of Illinois at Urbana-Champaign

Champaign, IL • Private

In-State Tuition
$15,094
Enrollment
32,974

10. University of Notre Dame

Notre Dame, IN • Private

In-State Tuition
$53,391
Enrollment
8,568
Show More Contract Analyst Education Requirements

Online Courses For Contract Analyst That You May Like

Construction Contracts and Law (CB 514)
udemy
4.8
(338)

This course provides; A detailed insight into the construction contracts management, as well as the essential characteristics of Biding and its different phases. Principles and basics of construction contracting - Types of construction contracts - contracts documents - project delivery systems - introduction to building and construction law - Legal aspects associated with construction projects - claims...

Contracts
ed2go

Contracts...

Learning Business Contracts for Beginners
udemy
4.6
(1,588)

An Introductory Guide to Drafting Winning Contracts, Negotiating Well, and Getting What You Want...

Show More Contract Analyst Courses
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For a Contract Analyst

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 19.6% of contract analysts listed procedures on their resume, but soft skills such as computer skills and detail oriented are important as well.

  • Procedures, 19.6%
  • Customer Service, 7.3%
  • Contract Management, 5.6%
  • Ensure Compliance, 4.7%
  • Contract Terms, 4.0%
  • Other Skills, 58.8%
  • See All Contract Analyst Skills

Best States For a Contract Analyst

Some places are better than others when it comes to starting a career as a contract analyst. The best states for people in this position are Alaska, New Jersey, Colorado, and Virginia. Contract analysts make the most in Alaska with an average salary of $69,425. Whereas in New Jersey and Colorado, they would average $67,432 and $65,443, respectively. While contract analysts would only make an average of $64,844 in Virginia, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Alaska

Total Contract Analyst Jobs:
88
Highest 10% Earn:
$102,000
Location Quotient:
1.21
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Virginia

Total Contract Analyst Jobs:
1,414
Highest 10% Earn:
$105,000
Location Quotient:
1.73
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Colorado

Total Contract Analyst Jobs:
646
Highest 10% Earn:
$101,000
Location Quotient:
1.25
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Contract Analysts

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Top Contract Analyst Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ contract analysts and discovered their number of contract analyst opportunities and average salary. Through our research, we concluded that Toyota Financial Services was the best, especially with an average salary of $53,504. Mediterranean Shipping Company follows up with an average salary of $40,505, and then comes Humana with an average of $55,157. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a contract analyst. The employers include Cigna, Endologix, and Aon

Updated August 18, 2021