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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 | Principal Consultant | |
| Yearly salary | $43,318 | $116,478 |
| Hourly rate | $20.83 | $56.00 |
| Growth rate | 9% | 11% |
| Number of jobs | 38,845 | 143,753 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 68% |
| Average age | 44 | 44 |
| Years of experience | - | - |
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.
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 coordinators and principal consultants have different pay scales, as shown below.
| Contract Coordinator | Principal Consultant | |
| Average salary | $43,318 | $116,478 |
| Salary range | Between $32,000 And $58,000 | Between $90,000 And $150,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | Connecticut | Oregon |
| Best paying company | AbbVie | Pure Storage |
| Best paying industry | Finance | Finance |
There are a few differences between a contract coordinator and a principal consultant in terms of educational background:
| Contract Coordinator | Principal Consultant | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Western Carolina University |
Here are the differences between contract coordinators' and principal consultants' demographics:
| Contract Coordinator | Principal Consultant | |
| Average age | 44 | 44 |
| Gender ratio | Male, 30.0% Female, 70.0% | Male, 75.8% Female, 24.2% |
| Race ratio | 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% | 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 Percentage | 11% | 11% |