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The differences between contracts managers and managers 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 manager. Additionally, a contracts manager has an average salary of $72,691, which is higher than the $58,651 average annual salary of a manager.
The top three skills for a contracts manager include contract management, contract administration and contract terms. The most important skills for a manager are customer service, payroll, and food safety.
| Contracts Manager | Manager | |
| Yearly salary | $72,691 | $58,651 |
| Hourly rate | $34.95 | $28.20 |
| Growth rate | -6% | 6% |
| Number of jobs | 13,218 | 1,236,194 |
| Job satisfaction | - | 4.57 |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 49% |
| Average age | 47 | 44 |
| 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.
Managers are responsible for a specific department, function, or employee group. They oversee their assigned departments and all the employees under the department. Managers are responsible that the department they are handling is functioning well. They set the department goals and the steps they must take to achieve the goals. They are also in charge of assessing the performance of their departments and their employees. Additionally, managers are responsible for interviewing prospective candidates for department vacancies and assessing their fit to the needs of the department. Managers also set the general working environment in the department, and they are expected to ensure that their employees remain motivated.
Contracts managers and managers have different pay scales, as shown below.
| Contracts Manager | Manager | |
| Average salary | $72,691 | $58,651 |
| Salary range | Between $45,000 And $116,000 | Between $37,000 And $92,000 |
| Highest paying City | San Francisco, CA | - |
| Highest paying state | California | New Jersey |
| Best paying company | McKinsey & Company Inc | - |
| Best paying industry | Technology | Finance |
There are a few differences between a contracts manager and a manager in terms of educational background:
| Contracts Manager | Manager | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 49% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Pennsylvania |
Here are the differences between contracts managers' and managers' demographics:
| Contracts Manager | Manager | |
| Average age | 47 | 44 |
| Gender ratio | Male, 54.0% Female, 46.0% | Male, 51.0% Female, 49.0% |
| 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, 6.3% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 6.4% White, 67.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 11% | 10% |