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The differences between contracts managers and contracts directors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a contracts manager and a contracts director. Additionally, a contracts director has an average salary of $73,351, which is higher than the $72,691 average annual salary of a contracts manager.
The top three skills for a contracts manager include contract management, contract administration and contract terms. The most important skills for a contracts director are contract management, oversight, and contract terms.
| Contracts Manager | Contracts Director | |
| Yearly salary | $72,691 | $73,351 |
| Hourly rate | $34.95 | $35.26 |
| Growth rate | -6% | -6% |
| Number of jobs | 13,218 | 12,378 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 66% |
| Average age | 47 | 47 |
| Years of experience | 6 | 6 |
A contract manager is responsible for finalizing contract agreements between the company and its clients, revising documents, creating procurement proposals, and managing breach of contracts immediately. Contract managers respond to clients' inquiries and concerns about the contract's terms, conditions, and adjustment requests. They should be highly knowledgeable with legal terms and legislation regulations, ensuring that documents align with their objectives. The contract manager should also stay updated with the latest trends to meet contract demands, identify more business opportunities to boost revenues, and achieve profitability goals.
A contract director is primarily in charge of developing and negotiating contracts with clients and partners, ensuring adherence to the company's policies and regulations. Their responsibilities typically revolve around performing extensive research and analysis to foresee potential advantages and disadvantages, coordinating with analysts and other experts, monitoring the progress of operations to ensure contract compliance of both parties, and overseeing the development of proposals within the organization. Furthermore, as a contract director, it is essential to lead and encourage the team to reach goals, all while implementing the mission and vision of the company.
Contracts managers and contracts directors have different pay scales, as shown below.
| Contracts Manager | Contracts Director | |
| Average salary | $72,691 | $73,351 |
| Salary range | Between $45,000 And $116,000 | Between $46,000 And $116,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | McKinsey & Company Inc | Edwards Lifesciences |
| Best paying industry | Technology | Manufacturing |
There are a few differences between a contracts manager and a contracts director in terms of educational background:
| Contracts Manager | Contracts Director | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between contracts managers' and contracts directors' demographics:
| Contracts Manager | Contracts Director | |
| Average age | 47 | 47 |
| Gender ratio | Male, 54.0% Female, 46.0% | Male, 58.1% Female, 41.9% |
| Race ratio | Black or African American, 9.0% Unknown, 3.8% Hispanic or Latino, 12.2% Asian, 7.4% White, 67.2% American Indian and Alaska Native, 0.3% | Black or African American, 9.0% Unknown, 3.8% Hispanic or Latino, 12.1% Asian, 7.4% White, 67.4% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |