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The differences between contracts administrators 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 contracts administrator, 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 $52,876 average annual salary of a contracts administrator.
The top three skills for a contracts administrator include contract administration, customer service and contract management. The most important skills for a contract analyst are customer service, contract management, and contract terms.
| Contracts Administrator | Contract Analyst | |
| Yearly salary | $52,876 | $54,544 |
| Hourly rate | $25.42 | $26.22 |
| Growth rate | -6% | 9% |
| Number of jobs | 58,038 | 58,593 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 67% |
| Average age | 48 | 40 |
| Years of experience | 6 | 4 |
Contract administrators create and manage legal contracts from which the company participates. They ensure that all entities to the contract will accomplish their obligations, as indicated in the contract. They usually work for larger organizations that might be involved with different or highly complex contracts. These organizations spread across a range of industries, including government, construction, and healthcare. Their responsibilities include addressing any conflicts of questions regarding the contract, analyzing the possible risks posed by contracts, and working alongside the legal and procurement teams.
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.
Contracts administrators and contract analysts have different pay scales, as shown below.
| Contracts Administrator | Contract Analyst | |
| Average salary | $52,876 | $54,544 |
| Salary range | Between $35,000 And $78,000 | Between $39,000 And $74,000 |
| Highest paying City | Washington, DC | Jersey City, NJ |
| Highest paying state | Maryland | New Jersey |
| Best paying company | Ngam Advisors, L.P. | AstraZeneca |
| Best paying industry | Finance | Pharmaceutical |
There are a few differences between a contracts administrator and a contract analyst in terms of educational background:
| Contracts Administrator | Contract Analyst | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between contracts administrators' and contract analysts' demographics:
| Contracts Administrator | Contract Analyst | |
| Average age | 48 | 40 |
| Gender ratio | Male, 32.2% Female, 67.8% | Male, 41.2% Female, 58.8% |
| Race ratio | Black or African American, 9.2% Unknown, 4.4% Hispanic or Latino, 12.6% Asian, 7.7% White, 65.3% 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% |