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The differences between contracts specialists and contract analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a contracts specialist has an average salary of $63,727, which is higher than the $54,544 average annual salary of a contract analyst.
The top three skills for a contracts specialist include veterans, DOD and contract administration. The most important skills for a contract analyst are customer service, contract management, and contract terms.
| Contracts Specialist | Contract Analyst | |
| Yearly salary | $63,727 | $54,544 |
| Hourly rate | $30.64 | $26.22 |
| Growth rate | -6% | 9% |
| Number of jobs | 27,244 | 58,593 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 67% |
| Average age | 44 | 40 |
| Years of experience | - | 4 |
A contract specialist is responsible for evaluating contract agreements between the business and its clients. Contract specialists write beneficial deals that would develop good, professional working partnerships. They negotiate terms with clients, analyzing bid offers, review legislation processes and regulations, provide immediate resolution for breach of contracts, manage procurement proposals, and communicate with potential and existing clients for any amendments and clarifications. A contract specialist must have excellent communication and negotiation skills and broad knowledge of legal terminologies and contract styles.
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 specialists and contract analysts have different pay scales, as shown below.
| Contracts Specialist | Contract Analyst | |
| Average salary | $63,727 | $54,544 |
| Salary range | Between $40,000 And $99,000 | Between $39,000 And $74,000 |
| Highest paying City | Washington, DC | Jersey City, NJ |
| Highest paying state | Delaware | New Jersey |
| Best paying company | AstraZeneca | |
| Best paying industry | Government | Pharmaceutical |
There are a few differences between a contracts specialist and a contract analyst in terms of educational background:
| Contracts Specialist | Contract Analyst | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | University of Pennsylvania |
Here are the differences between contracts specialists' and contract analysts' demographics:
| Contracts Specialist | Contract Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 40.2% Female, 59.8% | Male, 41.2% Female, 58.8% |
| 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, 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 | 11% | 7% |