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What is a Contracts Specialist

A contract specialist, also known as purchasing manager or agent, specializes in reviewing and analyzing contractual agreements between a company and suppliers of products or services. Their core duty is to ensure contractual agreements between clients and companies are fair and legal.

A contract specialist may perform a wide range of duties, including drafting and negotiating contract terms, evaluating bids, analyzing price proposals, and researching current legal regulations. They may look over sales, maintain inventory records, find suppliers, and ensure that their companies are consistently getting the best prices on the best goods and services. Generally, they work for government agencies or private sector organizations.

Most contract specialists hold a bachelor's degree in marketing, economics, law, or a related field. Earning a master's degree in a relevant field and previous experience in a similar role may improve employment prospects. They must possess strong interpersonal and coordinating skills and an in-depth knowledge of contract documents, procurement rules, and legitimate specifications.

There is more than meets the eye when it comes to being a Contracts Specialist. For example, did you know that they make an average of $37.26 an hour? That's $77,502 a year!

Between 2018 and 2028, the career is expected to grow -6% and produce -29,200 job opportunities across the U.S.

What Does a Contracts Specialist Do

There are certain skills that many Contracts Specialists have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Analytical skills, Math skills and Negotiating skills.

Learn more about what a Contracts Specialist does

How To Become a Contracts Specialist

If you're interested in becoming a Contracts Specialist, one of the first things to consider is how much education you need. We've determined that 61.9% of Contracts Specialists have a bachelor's degree. In terms of higher education levels, we found that 13.5% of Contracts Specialists have master's degrees. Even though most Contracts Specialists have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a Contracts Specialist. When we researched the most common majors for a Contracts Specialist, we found that they most commonly earn Bachelor's Degree degrees or Associate Degree degrees. Other degrees that we often see on Contracts Specialist resumes include Master's Degree degrees or Doctoral Degree degrees.

You may find that experience in other jobs will help you become a Contracts Specialist. In fact, many Contracts Specialist jobs require experience in a role such as Administrative Assistant. Meanwhile, many Contracts Specialists also have previous career experience in roles such as Contracts Administrator or Customer Service Representative.

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Tell us your goals and we'll match you with the right jobs to get there.

And if you’re looking for a job, here are the five top employers hiring now:

  1. AT&T Jobs (58)
  2. C G I Jobs (51)
  3. McKesson Jobs (49)
  4. Oracle Jobs (46)
  5. IBM Jobs (50)
Average Salary
$77,502
Average Salary
Job Growth Rate
-6%
Job Growth Rate
Job Openings
32,536
Job Openings
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Contracts Specialist Career Paths

Top Careers After Contracts Specialist

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Average Salary for a Contracts Specialist

Contracts Specialists in America make an average salary of $77,502 per year or $37 per hour. The top 10 percent makes over $122,000 per year, while the bottom 10 percent under $49,000 per year.
Average Salary
$77,502
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12 Contracts Specialist Resume Examples

Learn How To Write a Contracts Specialist Resume

At Zippia, we went through countless Contracts Specialist resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Contracts Specialist Resume Examples And Templates

And if you’re looking for a job, here are the five top employers hiring now:

  1. AT&T Jobs (58)
  2. C G I Jobs (51)
  3. McKesson Jobs (49)
  4. Oracle Jobs (46)
  5. IBM Jobs (50)

Choose From 10+ Customizable Contracts Specialist Resume templates

Zippia allows you to choose from different easy-to-use Contracts Specialist templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Contracts Specialist resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

Contracts Specialist Resume
Contracts Specialist Resume
Contracts Specialist Resume
Contracts Specialist Resume
Contracts Specialist Resume
Contracts Specialist Resume
Contracts Specialist Resume
Contracts Specialist Resume
Contracts Specialist Resume
Contracts Specialist Resume
Contracts Specialist Resume
Contracts Specialist Resume
Contracts Specialist Resume
Contracts Specialist Resume
Contracts Specialist Resume
Contracts Specialist Resume

Contracts Specialist Demographics

Contracts Specialist Gender Distribution

Male
Male
40%
Female
Female
60%

After extensive research and analysis, Zippia's data science team found that:

  • Among Contracts Specialists, 59.8% of them are women, while 40.2% are men.

  • The most common race/ethnicity among Contracts Specialists is White, which makes up 73.9% of all Contracts Specialists.

  • The most common foreign language among Contracts Specialists is Spanish at 49.9%.

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Contracts Specialist Education

Contracts Specialist Majors

40.0 %

Contracts Specialist Degrees

Bachelors

61.9 %

Associate

14.7 %

Masters

13.5 %

Top Colleges for Contracts Specialists

1. Western Carolina University

Cullowhee, NC • Private

In-State Tuition
$3,926
Enrollment
9,835

2. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

3. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

4. Ball State University

Muncie, IN • Private

In-State Tuition
$9,896
Enrollment
15,529

5. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

6. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

7. Bowling Green State University

Bowling Green, OH • Private

In-State Tuition
$11,105
Enrollment
13,729

8. Georgetown University

Washington, DC • Private

In-State Tuition
$54,104
Enrollment
7,089

9. Howard University

Washington, DC • Private

In-State Tuition
$26,756
Enrollment
6,166

10. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451
Job Openings

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Online Courses For Contracts Specialist That You May Like

Contracts Management in Construction Projects
udemy
4.1
(291)

Contracts Management, Contract Administration, FIDIC, Bank Guarantees, Contracts, Letter Drafting, Quantity Surveying...

Introduction to Contract Management
udemy
4.2
(434)

Understand what is involved in the contract management process and put this knowledge to work with confidence...

Learning Business Contracts for Beginners
udemy
4.6
(1,667)

An Introductory Guide to Drafting Winning Contracts, Negotiating Well, and Getting What You Want...

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Top Skills For a Contracts Specialist

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 7.8% of Contracts Specialists listed Contract Documents on their resume, but soft skills such as Analytical skills and Math skills are important as well.

Best States For a Contracts Specialist

Some places are better than others when it comes to starting a career as a Contracts Specialist. The best states for people in this position are Delaware, Virginia, Maryland, and California. Contracts Specialists make the most in Delaware with an average salary of $94,559. Whereas in Virginia and Maryland, they would average $90,715 and $87,348, respectively. While Contracts Specialists would only make an average of $78,980 in California, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. District of Columbia

Total Contracts Specialist Jobs:
315
Highest 10% Earn:
$155,000
Location Quotient:
2.14
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Virginia

Total Contracts Specialist Jobs:
1,137
Highest 10% Earn:
$146,000
Location Quotient:
1.37
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Delaware

Total Contracts Specialist Jobs:
118
Highest 10% Earn:
$155,000
Location Quotient:
1.07
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Contracts Specialists

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Top Contracts Specialist Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ Contracts Specialists and discovered their number of Contracts Specialist opportunities and average salary. Through our research, we concluded that Us Navy was the best, especially with an average salary of $76,283. Department of Homeland Security follows up with an average salary of $66,334, and then comes Humana with an average of $82,753. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a Contracts Specialist. The employers include Laboratory Corporation of America Holdings, Stryker, and Experian

Most Common Employers For Contracts Specialist

RankCompanyZippia ScoreAverage Contracts Specialist SalaryAverage Salary
1$102,119
2$90,261
3$89,286
4$87,741
5$86,801
6$82,786

Contracts Specialist Videos

Becoming a Contracts Specialist FAQs

How much does a contract specialist make?

A contract specialist makes $65,000 in a year, on average. The salary for a contract specialist typically ranges from about $50,000 per year to $80,000 in a year.

A contract specialist negotiates, administers, and terminates various contracts for an organization. They assess the organization's needs, determine how to fulfill them, and plan the details of the contracts that will be used to satisfy those needs. They work in many industries, including universities, construction, healthcare, and law.

What is a contract specialist's salary?

A contract specialist's salary is $65,000 in a year, on average. The salary for a contract specialist typically ranges from about $50,000 per year to $80,000 in a year.

A contract specialist negotiates, administers, and terminates various contracts for an organization. They assess the organization's needs, determine how to fulfill them, and plan the details of the contracts that will be used to satisfy those needs. They work in many industries, including universities, construction, healthcare, and law.

What makes a good contract specialist?

What makes a good contract specialist is being knowledgeable about their industry's needs and potential risks. They also possess good communication and problem-solving skills and can organize and prioritize their workload.

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