Post job

Contract coordinator vs principal consultant

The differences between contract coordinators and principal consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a principal consultant has an average salary of $116,478, which is higher than the $43,318 average annual salary of a contract coordinator.

The top three skills for a contract coordinator include customer service, data entry and contract management. The most important skills for a principal consultant are cloud, business development, and C #.

Contract coordinator vs principal consultant overview

Contract CoordinatorPrincipal Consultant
Yearly salary$43,318$116,478
Hourly rate$20.83$56.00
Growth rate9%11%
Number of jobs38,845143,753
Job satisfaction--
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 68%
Average age4444
Years of experience--

What does a contract coordinator do?

Contract Coordinators manage the company's contracts with suppliers, vendors, or other external parties. They keep track of all existing agreements and ensure that these agreements are properly documented. They manage the hard copy of the contracts, update suppliers' records, and review contracts to ensure that the best deals are made for their company. They also keep track of all the suppliers and their performance as vendors when tapped by the company. Contract Coordinators oversee different contracts' fulfillment to guarantee that all agreements and stipulations are met, especially deadlines and engagement specifications.

What does a principal consultant do?

A principal consultant is responsible for evaluating business' needs and opportunities, identifying potential leads to create project proposals, and maintaining strong business relationships that would generate revenues and increase the organization's profitability. Principal consultants must be up-to-date with the current market trends to ensure that the business adapts to the industry's changes. They also initiate new product development to expand its brand image, working closely with the marketing team for marketing strategies and promotions.

Contract coordinator vs principal consultant salary

Contract coordinators and principal consultants have different pay scales, as shown below.

Contract CoordinatorPrincipal Consultant
Average salary$43,318$116,478
Salary rangeBetween $32,000 And $58,000Between $90,000 And $150,000
Highest paying CityNew York, NYSan Francisco, CA
Highest paying stateConnecticutOregon
Best paying companyAbbViePure Storage
Best paying industryFinanceFinance

Differences between contract coordinator and principal consultant education

There are a few differences between a contract coordinator and a principal consultant in terms of educational background:

Contract CoordinatorPrincipal Consultant
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 68%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityWestern Carolina University

Contract coordinator vs principal consultant demographics

Here are the differences between contract coordinators' and principal consultants' demographics:

Contract CoordinatorPrincipal Consultant
Average age4444
Gender ratioMale, 30.0% Female, 70.0%Male, 75.8% Female, 24.2%
Race ratioBlack or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%
LGBT Percentage11%11%

Differences between contract coordinator and principal consultant duties and responsibilities

Contract coordinator example responsibilities.

  • Manage PeopleSoft for files in all departments, along with internal intranet managing.
  • Manage tight deadlines to perform experiments, troubleshoot, submit documents, and train personnel.
  • Manage collections, account reconciliation, discrepancies, payments and create spreadsheets, A/R, A/P and supervise receptionist.
  • Manage technical and non-technical vendors to ensure competitive pricing and timely delivery, with proper RFP's and SLA agreements.
  • Assist management in facilitating start-up QSR accounts while effectively managing GPO accounts.
  • Manage expectations of DCMA / DCAA regulators and when necessary defend evaluated/negotiated positions.
  • Show more

Principal consultant example responsibilities.

  • Manage project risks and issues throughout the SDLC phases, report project/program statuses to steering committee along with financial information.
  • Provide PMO office support including improving governance processes to achieve expect results.
  • Manage numerous engagements that are either custom development or package software (ERP) implementations and integration.
  • Project leadership, strategy and health information management consulting services to healthcare and manage care organizations and health information technology companies.
  • Design database and business objects using XML schema.
  • Create XMLType view to generate xml output from a SQL query.
  • Show more

Contract coordinator vs principal consultant skills

Common contract coordinator skills
  • Customer Service, 12%
  • Data Entry, 7%
  • Contract Management, 6%
  • Excellent Organizational, 5%
  • Patients, 5%
  • PowerPoint, 4%
Common principal consultant skills
  • Cloud, 11%
  • Business Development, 10%
  • C #, 7%
  • Customer Satisfaction, 6%
  • Java, 5%
  • Project Management, 4%

Browse business and financial jobs