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Contracts specialist vs specialist-small business

The differences between contracts specialists and specialist-small businesses can be seen in a few details. Each job has different responsibilities and duties. Additionally, a specialist-small business has an average salary of $72,318, which is higher than the $63,727 average annual salary of a contracts specialist.

The top three skills for a contracts specialist include veterans, DOD and contract administration. The most important skills for a specialist-small business are customer service, customer relationships, and business development.

Contracts specialist vs specialist-small business overview

Contracts SpecialistSpecialist-Small Business
Yearly salary$63,727$72,318
Hourly rate$30.64$34.77
Growth rate-6%10%
Number of jobs27,24474,941
Job satisfaction--
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 63%
Average age4444
Years of experience--

What does a contracts specialist do?

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.

What does a specialist-small business do?

A small business specialist develops new business programs to meet changing customer demands. They are responsible for ensuring integrity and consistency in the domain of business. They analyze causes of a business issue, obtain business data, and make enquiries. They are responsible for making purchase agreements, confidentiality arrangements, and joint venture arrangement.

Contracts specialist vs specialist-small business salary

Contracts specialists and specialist-small businesses have different pay scales, as shown below.

Contracts SpecialistSpecialist-Small Business
Average salary$63,727$72,318
Salary rangeBetween $40,000 And $99,000Between $41,000 And $124,000
Highest paying CityWashington, DC-
Highest paying stateDelaware-
Best paying companyGoogle-
Best paying industryGovernment-

Differences between contracts specialist and specialist-small business education

There are a few differences between a contracts specialist and a specialist-small business in terms of educational background:

Contracts SpecialistSpecialist-Small Business
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 63%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityWestern Carolina University

Contracts specialist vs specialist-small business demographics

Here are the differences between contracts specialists' and specialist-small businesses' demographics:

Contracts SpecialistSpecialist-Small Business
Average age4444
Gender ratioMale, 40.2% Female, 59.8%Male, 57.7% Female, 42.3%
Race ratioBlack 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, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%
LGBT Percentage11%11%

Differences between contracts specialist and specialist-small business duties and responsibilities

Contracts specialist example responsibilities.

  • Manage multiple task orders in an IDIQ environment.
  • Provide clarity on medical and drug cover benefits for a Medicare advantage insurance plan.
  • Manage inventory and distribution activities of the third-party logistics provider.
  • Develop marketing strategies to expand Medicaid manage care provider network and enrollment.
  • Manage the influenza vaccine annual contracting and RFP process for a national specialty pharmaceutical distributor.
  • Process purchase orders and subcontracts, including managing insurance requirement compliance and certify payroll documentation.
  • Show more

Specialist-small business example responsibilities.

  • Lead the consumer sales and all service functions within a banking center.
  • Develop new business strategies, increase target market sales and manage it by using different prospecting, tracking and selling methods.
  • Manage a portfolio in various stages of workout including liquidation, refinancing, restructure, rehabilitation, bankruptcy and litigation.
  • Respond, adhere and remain compliant with all consumer and business customer request.
  • Automate risk management strategies and regulatory compliance requirements through the bank's loan origination system.
  • Develop revenue enhancing opportunities target to consumers, marketing weight loss products and relate education to multiple healthcare providers.
  • Show more

Contracts specialist vs specialist-small business skills

Common contracts specialist skills
  • Veterans, 7%
  • DOD, 7%
  • Contract Administration, 6%
  • Contract Terms, 5%
  • Contract Management, 5%
  • Market Research, 5%
Common specialist-small business skills
  • Customer Service, 13%
  • Customer Relationships, 10%
  • Business Development, 7%
  • Business Portfolio, 7%
  • Business Administration, 6%
  • Business Accounts, 4%

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